GP Strategies Corp (NYSE:GPX) – Equities researchers at B. Riley raised their Q2 2019 earnings estimates for GP Strategies in a report issued on Monday, May 13th. B. Riley analyst Z. Cummins now forecasts that the company will earn $0.26 per share for the quarter, up from their previous estimate of $0.24. B. Riley currently has a “Buy” rating and a $19.00 target price on the stock. B. Riley also issued estimates for GP Strategies’ Q3 2019 earnings at $0.34 EPS, FY2019 earnings at $1.18 EPS, Q2 2020 earnings at $0.35 EPS, Q3 2020 earnings at $0.38 EPS, Q4 2020 earnings at $0.44 EPS and FY2020 earnings at $1.47 EPS.
GP Strategies (NYSE:GPX) last announced its earnings results on Friday, May 10th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. GP Strategies had a net margin of 1.91% and a return on equity of 8.37%. The company had revenue of $139.47 million for the quarter, compared to analysts’ expectations of $137.09 million.
Shares of GPX opened at $15.06 on Tuesday. GP Strategies has a 52-week low of $11.77 and a 52-week high of $20.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.89 and a current ratio of 1.89. The firm has a market cap of $260.36 million, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 0.80 and a beta of 0.88.
Hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its position in shares of GP Strategies by 442.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,597 shares of the company’s stock valued at $32,000 after acquiring an additional 2,118 shares during the last quarter. Citigroup Inc. boosted its position in shares of GP Strategies by 20.6% during the 1st quarter. Citigroup Inc. now owns 4,080 shares of the company’s stock valued at $49,000 after acquiring an additional 696 shares during the last quarter. Heritage Investors Management Corp acquired a new position in shares of GP Strategies during the 1st quarter valued at about $124,000. Stone Ridge Asset Management LLC acquired a new position in shares of GP Strategies during the 4th quarter valued at about $130,000. Finally, Cubic Asset Management LLC boosted its position in shares of GP Strategies by 12.1% during the 4th quarter. Cubic Asset Management LLC now owns 13,890 shares of the company’s stock valued at $175,000 after acquiring an additional 1,500 shares during the last quarter. 88.85% of the stock is currently 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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