Equities research analysts expect GP Strategies Corp (NYSE:GPX) to announce earnings of $0.26 per share for the current quarter, according to Zacks. Three analysts have provided estimates for GP Strategies’ earnings. The lowest EPS estimate is $0.17 and the highest is $0.35. GP Strategies reported earnings of $0.40 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 35%. The business is expected to issue its next quarterly earnings results on Tuesday, February 27th.
On average, analysts expect that GP Strategies will report full-year earnings of $1.04 per share for the current year, with EPS estimates ranging from $0.96 to $1.13. For the next year, analysts expect that the company will post earnings of $1.43 per share, with EPS estimates ranging from $1.27 to $1.61. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow GP Strategies.
GP Strategies (NYSE:GPX) last posted its earnings results on Thursday, November 2nd. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.03. The firm had revenue of $124.10 million for the quarter, compared to the consensus estimate of $125.01 million. GP Strategies had a net margin of 3.95% and a return on equity of 12.16%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.29 EPS.
A number of research analysts recently commented on GPX shares. Zacks Investment Research downgraded shares of GP Strategies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. B. Riley set a $27.00 target price on shares of GP Strategies and gave the company a “hold” rating in a research report on Tuesday, October 31st. Finally, TheStreet downgraded shares of GP Strategies from a “b-” rating to a “c” rating in a research report on Friday, November 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $29.67.
Institutional investors have recently modified their holdings of the business. First Trust Advisors LP purchased a new position in GP Strategies during the 3rd quarter worth $408,000. Oppenheimer Asset Management Inc. grew its position in GP Strategies by 23.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 41,529 shares of the company’s stock worth $1,281,000 after purchasing an additional 7,785 shares during the last quarter. Neuberger Berman Group LLC grew its position in GP Strategies by 9.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 570,797 shares of the company’s stock worth $17,609,000 after purchasing an additional 50,636 shares during the last quarter. NWQ Investment Management Company LLC grew its position in GP Strategies by 8.9% during the 3rd quarter. NWQ Investment Management Company LLC now owns 1,264,418 shares of the company’s stock worth $39,007,000 after purchasing an additional 103,140 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in GP Strategies by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 979,414 shares of the company’s stock worth $30,215,000 after purchasing an additional 14,599 shares during the last quarter. 88.99% of the stock is currently owned by institutional investors.
GP Strategies (NYSE GPX) opened at $25.10 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $409.84, a price-to-earnings ratio of 21.09, a P/E/G ratio of 1.20 and a beta of 0.83. GP Strategies has a 52-week low of $22.30 and a 52-week high of $31.25.
GP Strategies declared that its Board of Directors has initiated a stock buyback program on Wednesday, November 22nd that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
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GP Strategies 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.
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