Equities analysts expect GP Strategies Corp (NYSE:GPX) to announce sales of $133.18 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for GP Strategies’ earnings, with the lowest sales estimate coming in at $131.60 million and the highest estimate coming in at $135.95 million. GP Strategies posted sales of $131.50 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.3%. The business is expected to announce its next earnings report on Thursday, March 7th.
According to Zacks, analysts expect that GP Strategies will report full-year sales of $515.47 million for the current fiscal year, with estimates ranging from $513.89 million to $518.23 million. For the next fiscal year, analysts anticipate that the business will report sales of $543.93 million, with estimates ranging from $541.00 million to $547.50 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow GP Strategies.
GP Strategies (NYSE:GPX) last posted its quarterly earnings data on Tuesday, November 6th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The business had revenue of $123.57 million during the quarter, compared to the consensus estimate of $127.97 million. GP Strategies had a net margin of 1.77% and a return on equity of 10.76%.
GPX has been the subject of several research analyst reports. B. Riley set a $24.00 price objective on shares of GP Strategies and gave the stock a “buy” rating in a report on Friday, November 2nd. Zacks Investment Research downgraded shares of GP Strategies from a “hold” rating to a “sell” rating in a report on Thursday, November 8th.
In related news, Director Marshall S. Geller acquired 2,000 shares of GP Strategies stock in a transaction that occurred on Thursday, September 27th. The stock was acquired at an average price of $16.57 per share, with a total value of $33,140.00. Following the completion of the acquisition, the director now directly owns 148,254 shares of the company’s stock, valued at approximately $2,456,568.78. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 25.70% of the company’s stock.
A number of hedge funds have recently bought and sold shares of GPX. SG Americas Securities LLC acquired a new stake in GP Strategies in the 3rd quarter valued at about $268,000. Bridgeway Capital Management Inc. acquired a new stake in GP Strategies in the 3rd quarter valued at about $388,000. Summit Global Investments acquired a new stake in GP Strategies in the 2nd quarter valued at about $605,000. Millennium Management LLC lifted its holdings in GP Strategies by 88.6% in the 1st quarter. Millennium Management LLC now owns 37,900 shares of the company’s stock valued at $858,000 after acquiring an additional 17,809 shares during the last quarter. Finally, Citadel Advisors LLC lifted its holdings in GP Strategies by 75.8% in the 2nd quarter. Citadel Advisors LLC now owns 48,878 shares of the company’s stock valued at $860,000 after acquiring an additional 21,080 shares during the last quarter. 88.72% of the stock is owned by institutional investors and hedge funds.
GPX stock traded down $0.63 during trading on Wednesday, hitting $13.05. The company had a trading volume of 63,223 shares, compared to its average volume of 69,330. The company has a market capitalization of $219.32 million, a P/E ratio of 9.67, a PEG ratio of 0.81 and a beta of 0.80. GP Strategies has a fifty-two week low of $13.03 and a fifty-two week high of $26.80. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.13.
GP Strategies Company Profile
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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