GP Strategies Corporation (GPX) Expected to Post Quarterly Sales of $126.50 Million
Brokerages forecast that GP Strategies Corporation (NYSE:GPX) will post $126.50 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for GP Strategies Corporation’s earnings, with the highest sales estimate coming in at $129.01 million and the lowest estimate coming in at $124.00 million. GP Strategies Corporation reported sales of $121.98 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.7%. The company is scheduled to report its next earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that GP Strategies Corporation will report full-year sales of $126.50 million for the current financial year, with estimates ranging from $512.61 million to $522.65 million. For the next fiscal year, analysts forecast that the business will report sales of $554.98 million per share, with estimates ranging from $538.24 million to $568.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover GP Strategies Corporation.
GP Strategies Corporation (NYSE:GPX) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $131.16 million for the quarter, compared to analysts’ expectations of $131.20 million. GP Strategies Corporation had a return on equity of 12.56% and a net margin of 4.27%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 EPS.
Several equities analysts have issued reports on GPX shares. B. Riley reaffirmed a “neutral” rating and issued a $27.00 price target on shares of GP Strategies Corporation in a report on Friday, April 28th. Zacks Investment Research lowered shares of GP Strategies Corporation from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. TheStreet lowered shares of GP Strategies Corporation from a “b” rating to a “c+” rating in a report on Thursday, May 25th. BidaskClub raised shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Finally, ValuEngine raised shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. GP Strategies Corporation presently has a consensus rating of “Buy” and a consensus price target of $30.00.
GP Strategies Corporation (GPX) opened at 28.05 on Tuesday. The stock’s 50 day moving average price is $27.37 and its 200 day moving average price is $25.70. GP Strategies Corporation has a 12-month low of $22.70 and a 12-month high of $30.00. The company has a market capitalization of $469.14 million, a PE ratio of 21.91 and a beta of 0.93.
In related news, CEO Scott N. Greenberg acquired 1,666 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was acquired at an average cost of $23.21 per share, for a total transaction of $38,667.86. Following the completion of the purchase, the chief executive officer now owns 149,388 shares of the company’s stock, valued at approximately $3,467,295.48. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Karl Baer sold 6,435 shares of GP Strategies Corporation stock in a transaction on Friday, May 26th. The stock was sold at an average price of $24.78, for a total transaction of $159,459.30. Following the sale, the insider now owns 16,205 shares of the company’s stock, valued at $401,559.90. The disclosure for this sale can be found here. Insiders have sold 10,996 shares of company stock valued at $284,872 over the last quarter. Insiders own 25.70% of the company’s stock.
Several large investors have recently bought and sold shares of the company. First Interstate Bank increased its stake in GP Strategies Corporation by 102.2% in the second quarter. First Interstate Bank now owns 7,785 shares of the company’s stock valued at $206,000 after buying an additional 3,935 shares during the last quarter. American International Group Inc. increased its stake in GP Strategies Corporation by 7.0% in the first quarter. American International Group Inc. now owns 7,838 shares of the company’s stock valued at $198,000 after buying an additional 516 shares during the last quarter. Alliancebernstein L.P. bought a new stake in GP Strategies Corporation during the second quarter valued at approximately $214,000. Bessemer Group Inc. increased its stake in GP Strategies Corporation by 24.7% in the second quarter. Bessemer Group Inc. now owns 8,950 shares of the company’s stock valued at $236,000 after buying an additional 1,770 shares during the last quarter. Finally, Credit Suisse AG bought a new stake in GP Strategies Corporation during the first quarter valued at approximately $339,000. Institutional investors and hedge funds own 88.32% of the company’s stock.
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GP Strategies Corporation 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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