GP Strategies Corp (NYSE:GPX) – Stock analysts at Barrington Research issued their Q1 2018 earnings estimates for shares of GP Strategies in a research note issued on Wednesday. Barrington Research analyst A. Paris. Jr expects that the company will earn $0.23 per share for the quarter. Barrington Research also issued estimates for GP Strategies’ Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.31 EPS and Q4 2018 earnings at $0.34 EPS.
GP Strategies (NYSE:GPX) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The business 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% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share.
GP Strategies (GPX) traded down $0.05 during trading hours on Thursday, hitting $23.55. 56,100 shares of the stock traded hands, compared to its average volume of 34,650. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $396.09, a P/E ratio of 18.44, a P/E/G ratio of 1.46 and a beta of 0.83. GP Strategies has a 12-month low of $22.30 and a 12-month high of $31.25.
Hedge funds have recently modified their holdings of the business. AlphaOne Investment Services LLC increased its position in shares of GP Strategies by 14.9% during the second quarter. AlphaOne Investment Services LLC now owns 213,216 shares of the company’s stock valued at $5,630,000 after acquiring an additional 27,677 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of GP Strategies by 3.1% during the second quarter. Neuberger Berman Group LLC now owns 520,161 shares of the company’s stock valued at $13,732,000 after acquiring an additional 15,845 shares during the last quarter. Bessemer Group Inc. increased its position in shares of GP Strategies by 24.7% during 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 during the last quarter. Vanguard Group Inc. increased its position in shares of GP Strategies by 2.0% during the first quarter. Vanguard Group Inc. now owns 579,620 shares of the company’s stock valued at $14,664,000 after acquiring an additional 11,185 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of GP Strategies by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 70,577 shares of the company’s stock valued at $1,786,000 after purchasing an additional 4,251 shares in the last quarter. 88.87% of the stock is currently owned by institutional investors.
GP Strategies declared that its Board of Directors has authorized a share repurchase plan on Wednesday, November 22nd that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
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About GP Strategies
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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