GP Strategies (GPX) Announces Quarterly Earnings Results, Misses Expectations By $0.18 EPS

GP Strategies (NYSE:GPX) issued its quarterly earnings data on Monday. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.18), MarketWatch Earnings reports. GP Strategies had a net margin of 1.77% and a return on equity of 10.76%.

GP Strategies stock opened at $12.52 on Tuesday. The stock has a market cap of $237.38 million, a price-to-earnings ratio of 11.75, a P/E/G ratio of 0.75 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.10. GP Strategies has a 52 week low of $11.77 and a 52 week high of $23.00.

A number of institutional investors have recently added to or reduced their stakes in the business. NWQ Investment Management Company LLC grew its stake in shares of GP Strategies by 39.3% in the 3rd quarter. NWQ Investment Management Company LLC now owns 1,151,331 shares of the company’s stock worth $16,913,000 after purchasing an additional 324,634 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of GP Strategies by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,120,417 shares of the company’s stock worth $14,129,000 after purchasing an additional 28,556 shares during the last quarter. BlackRock Inc. grew its stake in shares of GP Strategies by 2.3% in the 4th quarter. BlackRock Inc. now owns 753,873 shares of the company’s stock worth $9,508,000 after purchasing an additional 17,253 shares during the last quarter. Royce & Associates LP grew its stake in shares of GP Strategies by 12.6% in the 4th quarter. Royce & Associates LP now owns 733,739 shares of the company’s stock worth $9,252,000 after purchasing an additional 81,981 shares during the last quarter. Finally, Vanguard Group Inc grew its stake in shares of GP Strategies by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 676,469 shares of the company’s stock worth $11,398,000 after purchasing an additional 5,420 shares during the last quarter. 88.73% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on GPX shares. Zacks Investment Research upgraded shares of GP Strategies from a “sell” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, January 8th. Barrington Research reiterated a “buy” rating and issued a $20.00 price objective on shares of GP Strategies in a research report on Thursday, December 6th.

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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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Earnings History for GP Strategies (NYSE:GPX)

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