$131.87 Million in Sales Expected for GP Strategies Corp (GPX) This Quarter

Equities research analysts expect that GP Strategies Corp (NYSE:GPX) will announce sales of $131.87 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for GP Strategies’ earnings, with estimates ranging from $130.96 million to $132.65 million. GP Strategies reported sales of $127.28 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.6%. The firm is expected to issue its next quarterly earnings results on Tuesday, February 27th.

On average, analysts expect that GP Strategies will report full year sales of $131.87 million for the current fiscal year, with estimates ranging from $508.66 million to $510.36 million. For the next fiscal year, analysts expect that the business will post sales of $539.32 million per share, with estimates ranging from $535.19 million to $543.60 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for GP Strategies.

GP Strategies (NYSE:GPX) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. The firm had revenue of $124.10 million for the quarter, compared to analyst estimates of $125.01 million. GP Strategies had a net margin of 3.95% and a return on equity of 12.16%. GP Strategies’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 earnings per share.

A number of equities research analysts have recently issued reports on GPX shares. Zacks Investment Research downgraded shares of GP Strategies from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. B. Riley set a $27.00 price target on shares of GP Strategies and gave the company a “hold” rating in a research note on Tuesday, October 31st. Finally, TheStreet downgraded shares of GP Strategies from a “b-” rating to a “c” rating in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $29.17.

Large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its holdings in shares of GP Strategies by 2.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,091 shares of the company’s stock valued at $267,000 after purchasing an additional 225 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of GP Strategies by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 15,204 shares of the company’s stock valued at $401,000 after purchasing an additional 255 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of GP Strategies by 1.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 71,564 shares of the company’s stock valued at $1,890,000 after purchasing an additional 987 shares in the last quarter. Northern Trust Corp increased its holdings in shares of GP Strategies by 1.1% in the 2nd quarter. Northern Trust Corp now owns 180,640 shares of the company’s stock valued at $4,768,000 after purchasing an additional 1,899 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of GP Strategies by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 582,633 shares of the company’s stock valued at $15,381,000 after purchasing an additional 3,013 shares in the last quarter. Hedge funds and other institutional investors own 88.87% of the company’s stock.

GP Strategies (NYSE:GPX) traded down $0.55 during trading hours on Monday, reaching $23.00. 27,200 shares of the company’s stock traded hands, compared to its average volume of 34,620. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.10. The firm has a market cap of $395.25, a price-to-earnings ratio of 19.49, a price-to-earnings-growth 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.

GP Strategies announced that its Board of Directors has authorized a share buyback program on Wednesday, November 22nd that allows the company to buyback $10.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are 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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Earnings History and Estimates for GP Strategies (NYSE:GPX)

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