Q3 2016 EPS Estimates for GP Strategies Corp. (GPX) Cut by Analyst
GP Strategies Corp. (NYSE:GPX) – Investment analysts at Barrington Research cut their Q3 2016 earnings per share estimates for GP Strategies Corp. in a research note issued on Monday. Barrington Research analyst A. Paris. Jr now anticipates that the firm will post earnings per share of $0.31 for the quarter, down from their previous estimate of $0.33. Barrington Research also issued estimates for GP Strategies Corp.’s FY2016 earnings at $1.24 EPS and FY2017 earnings at $1.46 EPS.
GP Strategies Corp. (NYSE:GPX) last issued its earnings results on Thursday, July 28th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $125.50 million for the quarter, compared to analysts’ expectations of $127.96 million. GP Strategies Corp. had a return on equity of 12.82% and a net margin of 3.81%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $0.27 earnings per share.
A number of other research firms also recently commented on GPX. Zacks Investment Research downgraded GP Strategies Corp. from a “hold” rating to a “strong sell” rating in a research note on Monday, August 1st. B. Riley reiterated a “buy” rating and issued a $26.00 price target on shares of GP Strategies Corp. in a research note on Sunday, July 31st.
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Shares of GP Strategies Corp. (NYSE:GPX) traded down 0.32% during trading on Tuesday, hitting $25.08. The stock had a trading volume of 6,845 shares. The firm’s 50-day moving average is $23.91 and its 200-day moving average is $23.89. The firm has a market cap of $417.01 million, a P/E ratio of 22.78 and a beta of 1.41. GP Strategies Corp. has a one year low of $19.59 and a one year high of $28.59.
Institutional investors have recently modified their holdings of the company. Cove Street Capital LLC increased its position in shares of GP Strategies Corp. by 45.6% in the second quarter. Cove Street Capital LLC now owns 1,108,546 shares of the company’s stock valued at $24,045,000 after buying an additional 347,003 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of GP Strategies Corp. during the second quarter valued at about $4,476,000. Thomson Horstmann & Bryant Inc. increased its position in shares of GP Strategies Corp. by 18.7% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 342,052 shares of the company’s stock valued at $7,419,000 after buying an additional 53,980 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of GP Strategies Corp. by 9.0% in the second quarter. Neuberger Berman Group LLC now owns 282,275 shares of the company’s stock valued at $6,123,000 after buying an additional 23,244 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of GP Strategies Corp. by 3.2% in the second quarter. Vanguard Group Inc. now owns 556,631 shares of the company’s stock valued at $12,073,000 after buying an additional 17,127 shares in the last quarter. Institutional investors and hedge funds own 88.88% of the company’s stock.
In related news, Director A Marvin Strait bought 1,500 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was bought at an average cost of $22.55 per share, for a total transaction of $33,825.00. Following the completion of the purchase, the director now directly owns 29,933 shares in the company, valued at approximately $674,989.15. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Samuel D. Robinson bought 9,414 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was bought at an average price of $24.77 per share, with a total value of $233,184.78. The disclosure for this purchase can be found here. 24.90% of the stock is owned by company insiders.
About GP Strategies Corp.
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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