Analysts Set Expectations for GP Strategies Corp’s Q2 2017 Earnings (GPX)

GP Strategies Corp (NYSE:GPX) – Research analysts at Barrington Research cut their Q2 2017 earnings estimates for GP Strategies Corp in a note issued to investors on Thursday. Barrington Research analyst A. Paris. Jr now expects that the company will post earnings per share of $0.32 for the quarter, down from their previous estimate of $0.35. Barrington Research also issued estimates for GP Strategies Corp’s Q3 2017 earnings at $0.32 EPS, Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $1.30 EPS and FY2018 earnings at $1.60 EPS.

GP Strategies Corp (NYSE:GPX) last released its quarterly earnings data on Tuesday, May 2nd. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. GP Strategies Corp had a net margin of 4.04% and a return on equity of 12.55%. The firm had revenue of $122.45 million for the quarter, compared to analysts’ expectations of $121.77 million. During the same quarter in the previous year, the company earned $0.23 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: “Analysts Set Expectations for GP Strategies Corp’s Q2 2017 Earnings (GPX)” was originally posted by Stock Observer and is the property of of Stock Observer. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.thestockobserver.com/2017/06/20/analysts-set-expectations-for-gp-strategies-corps-q2-2017-earnings-gpx-updated-updated-updated-updated.html.

Earnings History and Estimates for GP Strategies Corp (NYSE:GPX)

Several other equities research analysts have also issued reports on GPX. B. Riley restated a “neutral” rating and issued a $27.00 target price on shares of GP Strategies Corp in a report on Wednesday, May 3rd. Zacks Investment Research lowered shares of GP Strategies Corp from a “hold” rating to a “sell” rating in a report on Thursday, May 4th.

GP Strategies Corp (NYSE:GPX) opened at 23.60 on Friday. GP Strategies Corp has a 52-week low of $19.59 and a 52-week high of $30.00. The stock has a market cap of $394.76 million, a PE ratio of 19.34 and a beta of 1.13. The firm has a 50 day moving average of $25.55 and a 200-day moving average of $26.14.

Several large investors have recently added to or reduced their stakes in GPX. American International Group Inc. raised its stake in GP Strategies Corp by 7.0% in the first quarter. American International Group Inc. now owns 7,838 shares of the company’s stock valued at $198,000 after buying an additional 516 shares during the period. Alambic Investment Management L.P. purchased a new stake in GP Strategies Corp during the third quarter valued at about $208,000. Credit Suisse AG purchased a new stake in GP Strategies Corp during the first quarter valued at about $339,000. Wells Fargo & Company MN raised its stake in GP Strategies Corp by 30.1% in the first quarter. Wells Fargo & Company MN now owns 15,053 shares of the company’s stock valued at $380,000 after buying an additional 3,486 shares during the period. Finally, Nationwide Fund Advisors raised its stake in GP Strategies Corp by 1.1% in the first quarter. Nationwide Fund Advisors now owns 15,894 shares of the company’s stock valued at $402,000 after buying an additional 175 shares during the period. Hedge funds and other institutional investors own 88.95% of the company’s stock.

GP Strategies Corp 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.

12 Month Chart for NYSE:GPX

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