Brokerages forecast that GP Strategies Co. (NYSE:GPX) will announce $124.90 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for GP Strategies’ earnings. The lowest sales estimate is $120.50 million and the highest is $127.15 million. GP Strategies reported sales of $122.45 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2%. The company is expected to issue its next quarterly earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that GP Strategies will report full year sales of $124.90 million for the current year, with estimates ranging from $510.50 million to $537.75 million. For the next fiscal year, analysts anticipate that the company will post sales of $569.10 million per share, with estimates ranging from $567.33 million to $570.87 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover GP Strategies.
GP Strategies (NYSE:GPX) last issued its quarterly earnings data on Thursday, March 1st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.12. The firm had revenue of $131.50 million for the quarter, compared to analyst estimates of $131.87 million. GP Strategies had a net margin of 2.53% and a return on equity of 11.65%.
Several analysts recently issued reports on the stock. B. Riley upgraded shares of GP Strategies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $24.50 to $28.00 in a report on Thursday, January 4th. Zacks Investment Research upgraded shares of GP Strategies from a “strong sell” rating to a “hold” rating and set a $29.00 price objective on the stock in a report on Wednesday, January 3rd. Finally, Barrington Research restated a “buy” rating and issued a $30.00 price objective on shares of GP Strategies in a report on Monday, February 26th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $29.00.
GPX traded down $0.30 on Thursday, hitting $21.80. The company had a trading volume of 43,061 shares, compared to its average volume of 58,612. The firm has a market cap of $361.71, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 1.02 and a beta of 0.86. GP Strategies has a 1 year low of $20.30 and a 1 year high of $31.25. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.09.
A number of large investors have recently modified their holdings of GPX. Cove Street Capital LLC increased its stake in GP Strategies by 50.2% during the fourth quarter. Cove Street Capital LLC now owns 1,501,243 shares of the company’s stock worth $34,829,000 after purchasing an additional 501,842 shares during the period. Renaissance Technologies LLC increased its stake in GP Strategies by 1,392.7% during the fourth quarter. Renaissance Technologies LLC now owns 123,294 shares of the company’s stock worth $2,860,000 after purchasing an additional 115,034 shares during the period. NWQ Investment Management Company LLC increased its stake in GP Strategies by 8.9% during the third 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 period. Deutsche Bank AG increased its stake in GP Strategies by 581.7% during the fourth quarter. Deutsche Bank AG now owns 108,719 shares of the company’s stock worth $2,520,000 after purchasing an additional 92,771 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in GP Strategies by 9.7% during the third 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 period. Institutional investors own 89.06% of the company’s stock.
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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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