Analysts expect GP Strategies Corp (NYSE:GPX) to announce sales of $146.50 million for the current quarter, according to Zacks. Three analysts have provided estimates for GP Strategies’ earnings, with estimates ranging from $146.19 million to $146.80 million. GP Strategies reported sales of $132.87 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The company is scheduled to report its next quarterly earnings report on Monday, March 16th.
According to Zacks, analysts expect that GP Strategies will report full-year sales of $574.39 million for the current fiscal year, with estimates ranging from $574.08 million to $574.69 million. For the next financial year, analysts anticipate that the company will report sales of $605.82 million, with estimates ranging from $603.20 million to $608.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow GP Strategies.
GP Strategies (NYSE:GPX) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. The business had revenue of $139.01 million during the quarter, compared to analysts’ expectations of $141.77 million. GP Strategies had a return on equity of 6.38% and a net margin of 1.08%.
Several brokerages recently issued reports on GPX. ValuEngine upgraded GP Strategies from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. Zacks Investment Research upgraded GP Strategies from a “sell” rating to a “hold” rating and set a $16.00 price target for the company in a research note on Thursday, January 9th. Finally, B. Riley reiterated a “buy” rating and issued a $19.50 price target on shares of GP Strategies in a research note on Thursday, January 9th.
In other news, insider Hoskins Philip 1,435,504 shares of the stock in a transaction that occurred on Thursday, November 14th. Insiders own 24.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GPX. BlackRock Inc. lifted its stake in shares of GP Strategies by 21.6% in the 2nd quarter. BlackRock Inc. now owns 887,601 shares of the company’s stock valued at $13,385,000 after acquiring an additional 157,483 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of GP Strategies by 24.9% in the 2nd quarter. Royal Bank of Canada now owns 109,294 shares of the company’s stock valued at $1,648,000 after acquiring an additional 21,803 shares during the last quarter. Millennium Management LLC bought a new position in shares of GP Strategies in the 3rd quarter valued at $231,000. D. E. Shaw & Co. Inc. lifted its stake in shares of GP Strategies by 12.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 139,716 shares of the company’s stock valued at $2,107,000 after acquiring an additional 15,868 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of GP Strategies by 19.7% in the 2nd quarter. Renaissance Technologies LLC now owns 30,523 shares of the company’s stock valued at $460,000 after acquiring an additional 5,029 shares during the last quarter. Hedge funds and other institutional investors own 85.85% of the company’s stock.
Shares of GPX stock traded up $0.32 during trading on Monday, hitting $14.78. The company had a trading volume of 486 shares, compared to its average volume of 28,751. 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 capitalization of $236.80 million, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 0.81 and a beta of 1.02. The stock’s 50-day moving average price is $13.45 and its 200 day moving average price is $13.31. GP Strategies has a one year low of $10.94 and a one year high of $17.13.
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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