Wall Street analysts forecast that GP Strategies Corp (NYSE:GPX) will post $0.24 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for GP Strategies’ earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.24. GP Strategies posted earnings of $0.29 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 17.2%. The business is scheduled to announce its next earnings report on Thursday, November 1st.
According to Zacks, analysts expect that GP Strategies will report full-year earnings of $0.95 per share for the current financial year, with EPS estimates ranging from $0.93 to $0.97. For the next fiscal year, analysts forecast that the business will report earnings of $1.40 per share, with EPS estimates ranging from $1.21 to $1.50. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover GP Strategies.
GP Strategies (NYSE:GPX) last announced its earnings results on Tuesday, July 31st. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.13. GP Strategies had a net margin of 1.78% and a return on equity of 11.06%. The business had revenue of $133.69 million during the quarter, compared to analysts’ expectations of $134.50 million.
A number of brokerages have commented on GPX. B. Riley set a $24.00 target price on shares of GP Strategies and gave the company a “buy” rating in a report on Wednesday, October 3rd. Zacks Investment Research raised shares of GP Strategies from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $26.00.
GPX stock traded down $0.12 during midday trading on Wednesday, reaching $15.64. 55,220 shares of the company’s stock traded hands, compared to its average volume of 50,967. GP Strategies has a 52-week low of $15.52 and a 52-week high of $30.75. The stock has a market cap of $278.62 million, a P/E ratio of 11.59, a P/E/G ratio of 1.02 and a beta of 0.78. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.15.
In other news, Director Marshall S. Geller acquired 2,000 shares of GP Strategies stock in a transaction dated Thursday, September 27th. The stock was purchased at an average cost of $16.57 per share, with a total value of $33,140.00. Following the completion of the purchase, the director now directly owns 148,254 shares in the company, valued at approximately $2,456,568.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 25.70% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of GP Strategies by 6.7% in the second quarter. Bank of New York Mellon Corp now owns 68,612 shares of the company’s stock worth $1,208,000 after purchasing an additional 4,289 shares in the last quarter. First Wilshire Securities Management Inc. increased its stake in shares of GP Strategies by 565.7% in the second quarter. First Wilshire Securities Management Inc. now owns 60,710 shares of the company’s stock worth $1,068,000 after purchasing an additional 51,590 shares in the last quarter. Cove Street Capital LLC increased its stake in shares of GP Strategies by 8.5% in the second quarter. Cove Street Capital LLC now owns 1,613,637 shares of the company’s stock worth $28,400,000 after purchasing an additional 126,751 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of GP Strategies by 75.8% in the second quarter. Citadel Advisors LLC now owns 48,878 shares of the company’s stock worth $860,000 after purchasing an additional 21,080 shares in the last quarter. Finally, Teton Advisors Inc. increased its stake in shares of GP Strategies by 19.7% in the second quarter. Teton Advisors Inc. now owns 121,271 shares of the company’s stock worth $2,134,000 after purchasing an additional 20,000 shares in the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.
About GP Strategies
GP Strategies Corporation provides performance improvement and learning solutions worldwide. It operates through four segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, and Performance Readiness Solutions. The Learning Solutions segment delivers training, curriculum design and development, digital learning, system hosting, managed learning, and consulting services to electronics and semiconductors, healthcare, software, financial services, and other industries, as well as government agencies; and provides apprenticeship and vocational skills training services.
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