GP Strategies Corp. (GPX) Expected to Earn Q4 2016 Earnings of $0.41 Per Share
GP Strategies Corp. (NYSE:GPX) – Investment analysts at Barrington Research lowered their Q4 2016 earnings estimates for GP Strategies Corp. in a research note issued on Monday. Barrington Research analyst A. Paris. Jr now forecasts that the brokerage will post earnings per share of $0.41 for the quarter, down from their prior estimate of $0.43.
GPX has been the topic of several other reports. Zacks Investment Research upgraded GP Strategies Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 29th. B. Riley reiterated a “buy” rating and issued a $26.00 target price on shares of GP Strategies Corp. in a report on Sunday, July 31st.
Shares of GP Strategies Corp. (NYSE:GPX) traded down 0.16% during trading on Wednesday, hitting $24.72. 12,721 shares of the stock traded hands. The company has a 50-day moving average of $23.98 and a 200-day moving average of $23.89. GP Strategies Corp. has a 52 week low of $19.59 and a 52 week high of $28.59. The firm has a market cap of $411.02 million, a P/E ratio of 22.45 and a beta of 1.41.
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GP Strategies Corp. (NYSE:GPX) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.03. The business had revenue of $125.50 million for the quarter, compared to the consensus estimate of $127.96 million. GP Strategies Corp. had a return on equity of 12.82% and a net margin of 3.81%. GP Strategies Corp.’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share.
A number of institutional investors have recently modified their holdings of GPX. Cove Street Capital LLC raised 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 during the period. Schwab Charles Investment Management Inc. raised its position in shares of GP Strategies Corp. by 2.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 59,062 shares of the company’s stock valued at $1,282,000 after buying an additional 1,368 shares during the period. Ativo Capital Management LLC raised its position in shares of GP Strategies Corp. by 59.9% in the second quarter. Ativo Capital Management LLC now owns 32,485 shares of the company’s stock valued at $705,000 after buying an additional 12,166 shares during the period. Rhumbline Advisers raised its position in shares of GP Strategies Corp. by 19.5% in the second quarter. Rhumbline Advisers now owns 15,447 shares of the company’s stock valued at $335,000 after buying an additional 2,522 shares during the period. Finally, Teachers Advisors Inc. raised its position in shares of GP Strategies Corp. by 4.9% in the second quarter. Teachers Advisors Inc. now owns 21,414 shares of the company’s stock valued at $464,000 after buying an additional 1,001 shares during the period. 88.88% of the stock is currently owned by hedge funds and other institutional investors.
In other GP Strategies Corp. news, insider Deborah Ung sold 1,164 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $24.55, for a total value of $28,576.20. Following the transaction, the insider now directly owns 15,435 shares of the company’s stock, valued at $378,929.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director A Marvin Strait purchased 1,500 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was acquired 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 owns 29,933 shares of the company’s stock, valued at approximately $674,989.15. The disclosure for this purchase can be found here. 24.90% of the stock is owned by company insiders.
GP Strategies Corp. Company Profile
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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