$146.50 Million in Sales Expected for GP Strategies Corp (NYSE:GPX) This Quarter

Brokerages expect that GP Strategies Corp (NYSE:GPX) will announce $146.50 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for GP Strategies’ earnings, with the highest sales estimate coming in at $146.80 million and the lowest estimate coming in at $146.19 million. GP Strategies reported sales of $132.87 million during the same quarter last year, which indicates a positive year over year growth rate of 10.3%. The firm is scheduled to issue its next earnings report on Monday, March 16th.

According to Zacks, analysts expect that GP Strategies will report full year sales of $574.39 million for the current financial year, with estimates ranging from $574.08 million to $574.69 million. For the next fiscal year, analysts forecast that the firm will post sales of $605.82 million, with estimates ranging from $603.20 million to $608.60 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow GP Strategies.

GP Strategies (NYSE:GPX) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The company had revenue of $139.01 million for the quarter, compared to the consensus estimate of $141.77 million. GP Strategies had a return on equity of 6.38% and a net margin of 1.08%.

Several equities analysts have commented on the company. Zacks Investment Research raised GP Strategies from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Barrington Research reiterated a “buy” rating and issued a $20.00 target price on shares of GP Strategies in a report on Tuesday, August 6th. Finally, ValuEngine upgraded GP Strategies from a “sell” rating to a “hold” rating in a report on Monday, November 25th.

GP Strategies stock traded up $0.23 during mid-day trading on Friday, hitting $13.07. The company’s stock had a trading volume of 25,200 shares, compared to its average volume of 51,252. The company has a 50 day moving average of $12.06 and a 200-day moving average of $13.54. The stock has a market cap of $215.58 million, a PE ratio of 14.52, a P/E/G ratio of 0.98 and a beta of 0.98. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.95 and a current ratio of 1.95. GP Strategies has a one year low of $10.94 and a one year high of $17.13.

In other GP Strategies news, insider Hoskins Philip 1,435,504 shares of the stock in a transaction on Thursday, November 14th. 24.50% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Balter Liquid Alternatives LLC lifted its holdings in shares of GP Strategies by 133.8% in the 2nd quarter. Balter Liquid Alternatives LLC now owns 92,725 shares of the company’s stock worth $1,398,000 after buying an additional 53,071 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in shares of GP Strategies during the 2nd quarter worth $667,000. Oppenheimer Asset Management Inc. lifted its stake in shares of GP Strategies by 13.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 80,639 shares of the company’s stock worth $1,216,000 after purchasing an additional 9,855 shares during the last quarter. Northern Trust Corp lifted its stake in shares of GP Strategies by 1.3% during the 2nd quarter. Northern Trust Corp now owns 163,541 shares of the company’s stock worth $2,467,000 after purchasing an additional 2,062 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of GP Strategies by 21.6% during the 2nd quarter. BlackRock Inc. now owns 887,601 shares of the company’s stock worth $13,385,000 after purchasing an additional 157,483 shares during the last quarter. Institutional investors and hedge funds own 86.40% of the company’s stock.

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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