GP Strategies Corporation (GPX) Expected to Announce Earnings of $0.29 Per Share
Equities research analysts forecast that GP Strategies Corporation (NYSE:GPX) will post $0.29 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for GP Strategies Corporation’s earnings. The lowest EPS estimate is $0.25 and the highest is $0.33. GP Strategies Corporation also posted earnings per share of $0.29 in the same quarter last year. The company is expected to issue its next earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that GP Strategies Corporation will report full-year earnings of $1.28 per share for the current financial year, with EPS estimates ranging from $1.21 to $1.35. For the next year, analysts expect that the firm will report earnings of $1.51 per share, with EPS estimates ranging from $1.41 to $1.60. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow GP Strategies Corporation.
GP Strategies Corporation (NYSE:GPX) last released its earnings results on Thursday, July 27th. The company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. The firm had revenue of $131.16 million during the quarter, compared to analyst estimates of $131.20 million. GP Strategies Corporation had a net margin of 4.27% and a return on equity of 12.56%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS.
A number of analysts have commented on GPX shares. TheStreet cut shares of GP Strategies Corporation from a “b” rating to a “c+” rating in a research note on Thursday, May 25th. BidaskClub upgraded shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research upgraded shares of GP Strategies Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. ValuEngine upgraded shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Barrington Research increased their price target on shares of GP Strategies Corporation from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $30.00.
In other news, Director Marshall S. Geller sold 7,691 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $28.59, for a total transaction of $219,885.69. Following the completion of the sale, the director now owns 141,051 shares in the company, valued at approximately $4,032,648.09. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Marshall S. Geller sold 3,894 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $28.64, for a total transaction of $111,524.16. Following the sale, the director now owns 141,051 shares of the company’s stock, valued at approximately $4,039,700.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,317 shares of company stock valued at $608,101. 25.70% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of GPX. Russell Investments Group Ltd. lifted its stake in shares of GP Strategies Corporation by 57.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 335,961 shares of the company’s stock worth $8,870,000 after buying an additional 122,523 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in shares of GP Strategies Corporation by 20.0% during the 1st quarter. Neuberger Berman Group LLC now owns 504,316 shares of the company’s stock worth $12,759,000 after buying an additional 83,953 shares during the last quarter. Royce & Associates LP lifted its stake in shares of GP Strategies Corporation by 30.7% during the 2nd quarter. Royce & Associates LP now owns 194,271 shares of the company’s stock worth $5,129,000 after buying an additional 45,605 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of GP Strategies Corporation during the 1st quarter worth about $862,000. Finally, Cove Street Capital LLC lifted its stake in shares of GP Strategies Corporation by 2.8% during the 1st quarter. Cove Street Capital LLC now owns 1,162,841 shares of the company’s stock worth $29,420,000 after buying an additional 31,191 shares during the last quarter. Institutional investors own 88.39% of the company’s stock.
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GP Strategies Corporation (NYSE:GPX) remained flat at $29.15 on Tuesday. The company’s stock had a trading volume of 36,062 shares. The firm’s 50 day moving average is $28.40 and its 200-day moving average is $26.24. GP Strategies Corporation has a 12 month low of $22.70 and a 12 month high of $30.00. The stock has a market capitalization of $487.53 million, a price-to-earnings ratio of 22.77 and a beta of 0.90.
GP Strategies Corporation Company Profile
GP Strategies Corporation (GP Strategies) is a global performance improvement solutions provider of sales and technical training, e-learning solutions, management consulting and engineering services. The Company operates in five segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, RWD and Energy Services.
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