GP Strategies Corporation to Post FY2018 Earnings of $1.58 Per Share, Barrington Research Forecasts (GPX)

GP Strategies Corporation (NYSE:GPX) – Analysts at Barrington Research decreased their FY2018 earnings estimates for shares of GP Strategies Corporation in a report issued on Tuesday. Barrington Research analyst A. Paris. Jr now expects that the company will earn $1.58 per share for the year, down from their previous estimate of $1.60. Barrington Research currently has a “Outperform” rating and a $32.00 target price on the stock.

GP Strategies Corporation (NYSE:GPX) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. The firm had revenue of $131.16 million during the quarter, compared to the consensus estimate of $131.20 million. GP Strategies Corporation had a return on equity of 12.56% and a net margin of 4.27%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. COPYRIGHT VIOLATION WARNING: This article was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://www.dispatchtribunal.com/2017/10/27/gp-strategies-corporation-to-post-fy2018-earnings-of-1-58-per-share-barrington-research-forecasts-gpx.html.

Other analysts also recently issued reports about the company. Zacks Investment Research raised GP Strategies Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. B. Riley reissued a “neutral” rating and issued a $27.00 price objective on shares of GP Strategies Corporation in a research note on Friday, July 28th. BidaskClub raised GP Strategies Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. TheStreet raised GP Strategies Corporation from a “c+” rating to a “b-” rating in a research note on Monday, July 31st. Finally, ValuEngine raised GP Strategies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $30.00.

GP Strategies Corporation (NYSE:GPX) traded down 0.83% on Wednesday, reaching $30.00. The company’s stock had a trading volume of 7,428 shares. The company has a market cap of $501.75 million, a P/E ratio of 23.44 and a beta of 0.93. The firm’s 50-day moving average price is $29.53 and its 200 day moving average price is $27.09. GP Strategies Corporation has a 52-week low of $22.70 and a 52-week high of $31.25.

In other news, insider David A. Gugala sold 6,732 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $28.28, for a total value of $190,380.96. Following the completion of the transaction, the insider now directly owns 8,810 shares of the company’s stock, valued at $249,146.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Kenneth L. Crawford sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $28.77, for a total value of $86,310.00. Following the completion of the transaction, the vice president now directly owns 28,691 shares of the company’s stock, valued at $825,440.07. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,317 shares of company stock valued at $608,101. 25.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. grew its holdings in shares of GP Strategies Corporation 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 acquiring an additional 516 shares in the last quarter. First Interstate Bank grew its holdings in shares of GP Strategies Corporation by 102.2% in the second quarter. First Interstate Bank now owns 7,785 shares of the company’s stock valued at $206,000 after acquiring an additional 3,935 shares in the last quarter. Alliancebernstein L.P. bought a new position in shares of GP Strategies Corporation in the second quarter valued at approximately $214,000. Susquehanna International Group LLP bought a new position in shares of GP Strategies Corporation in the second quarter valued at approximately $222,000. Finally, Bessemer Group Inc. grew its holdings in shares of GP Strategies Corporation by 24.7% in the second quarter. Bessemer Group Inc. now owns 8,950 shares of the company’s stock valued at $236,000 after acquiring an additional 1,770 shares in the last quarter. 88.39% of the stock is owned by institutional investors.

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.

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

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