GP Strategies Corp (NYSE:GPX) Expected to Announce Earnings of $0.24 Per Share

Analysts expect GP Strategies Corp (NYSE:GPX) to announce earnings of $0.24 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for GP Strategies’ earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.23. GP Strategies posted earnings of $0.11 per share during the same quarter last year, which would suggest a positive year over year growth rate of 118.2%. The business is expected to issue its next quarterly earnings results on Monday, March 16th.

On average, analysts expect that GP Strategies will report full-year earnings of $0.67 per share for the current year, with EPS estimates ranging from $0.57 to $0.86. For the next fiscal year, analysts expect that the firm will report earnings of $1.14 per share, with EPS estimates ranging from $1.04 to $1.20. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for GP Strategies.

GP Strategies (NYSE:GPX) last released its earnings results on Thursday, November 7th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. GP Strategies had a return on equity of 6.38% and a net margin of 1.08%. The firm had revenue of $139.01 million for the quarter, compared to analyst estimates of $141.77 million.

GPX has been the topic of several analyst reports. Zacks Investment Research raised GP Strategies from a “sell” rating to a “hold” rating and set a $16.00 target price on the stock in a research note on Thursday, January 9th. B. Riley reaffirmed a “buy” rating and set a $19.50 price target on shares of GP Strategies in a research report on Thursday, January 9th. Finally, ValuEngine raised GP Strategies from a “sell” rating to a “hold” rating in a research report on Monday, November 25th.

NYSE:GPX traded up $0.32 during mid-day trading on Friday, hitting $14.78. The company had a trading volume of 486 shares, compared to its average volume of 28,751. GP Strategies has a fifty-two week low of $10.94 and a fifty-two week high of $17.13. The business’s fifty day moving average is $13.45 and its two-hundred day moving average is $13.31. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market cap of $236.80 million, a P/E ratio of 16.37, a P/E/G ratio of 0.81 and a beta of 1.02.

In related news, insider Hoskins Philip 1,435,504 shares of the company’s stock in a transaction dated Thursday, November 14th. Company insiders own 24.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GPX. Millennium Management LLC acquired a new stake in shares of GP Strategies in the third quarter valued at approximately $231,000. Rhumbline Advisers lifted its position in shares of GP Strategies by 10.6% during the third quarter. Rhumbline Advisers now owns 19,555 shares of the company’s stock worth $251,000 after acquiring an additional 1,871 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of GP Strategies by 20.4% during the third quarter. Squarepoint Ops LLC now owns 19,979 shares of the company’s stock worth $257,000 after acquiring an additional 3,379 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of GP Strategies by 12.0% during the second quarter. Wells Fargo & Company MN now owns 23,199 shares of the company’s stock worth $350,000 after acquiring an additional 2,493 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of GP Strategies by 19.7% during the second quarter. Renaissance Technologies LLC now owns 30,523 shares of the company’s stock worth $460,000 after acquiring an additional 5,029 shares in the last quarter. 85.85% of the stock is currently owned by institutional investors.

GP Strategies Company Profile

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.

Further Reading: Cost of Goods Sold (COGS)

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