Brokerages Anticipate GP Strategies Corp. (NYSE:GPX) to Post $0.28 Earnings Per Share
Shares of GP Strategies Corp. (NYSE:GPX) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus price objective of $28.67 for the company and are predicting that the company will post $0.28 earnings per share for the current quarter, according to Zacks. Zacks has also given GP Strategies Corp. an industry rank of 198 out of 265 based on the ratings given to related companies.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of GP Strategies Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 28th. B. Riley reaffirmed a “buy” rating and set a $26.00 target price on shares of GP Strategies Corp. in a research note on Sunday, July 31st.
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GP Strategies Corp. (NYSE:GPX) traded up 2.56% on Monday, reaching $24.85. 5,080 shares of the company traded hands. The stock has a market capitalization of $413.18 million, a price-to-earnings ratio of 22.57 and a beta of 1.26. The stock has a 50 day moving average of $24.41 and a 200-day moving average of $23.72. GP Strategies Corp. has a 1-year low of $19.59 and a 1-year high of $28.59.
GP Strategies Corp. (NYSE:GPX) last released its quarterly 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. GP Strategies Corp. had a net margin of 3.81% and a return on equity of 12.82%. The company earned $125.50 million during the quarter, compared to analyst estimates of $127.96 million. During the same period in the prior year, the business posted $0.27 EPS. GP Strategies Corp.’s revenue was down .2% compared to the same quarter last year. On average, equities analysts anticipate that GP Strategies Corp. will post $1.19 EPS for the current year.
In other news, Director A Marvin Strait purchased 1,500 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were purchased at an average price of $22.55 per share, with a total value of $33,825.00. Following the transaction, the director now owns 29,933 shares in the company, valued at approximately $674,989.15. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Sagard Capital Partners, L.P. purchased 1,100 shares of the stock in a transaction dated Thursday, September 22nd. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $27,500.00. The disclosure for this purchase can be found here. Insiders own 24.90% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. NWQ Investment Management Company LLC boosted its position in shares of GP Strategies Corp. by 2.0% in the first quarter. NWQ Investment Management Company LLC now owns 787,331 shares of the company’s stock valued at $21,573,000 after buying an additional 15,520 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of GP Strategies Corp. by 10.8% in the first quarter. Renaissance Technologies LLC now owns 37,994 shares of the company’s stock valued at $1,041,000 after buying an additional 3,694 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of GP Strategies Corp. by 13.5% in the first quarter. Envestnet Asset Management Inc. now owns 27,238 shares of the company’s stock valued at $746,000 after buying an additional 3,245 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of GP Strategies Corp. by 6.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 9,228 shares of the company’s stock valued at $253,000 after buying an additional 527 shares during the last quarter. Finally, AlphaOne Investment Services LLC boosted its position in shares of GP Strategies Corp. by 4.1% in the first quarter. AlphaOne Investment Services LLC now owns 137,591 shares of the company’s stock valued at $3,771,000 after buying an additional 5,405 shares during the last quarter. 88.88% of the stock is currently owned by hedge funds and other institutional investors.
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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