GP Strategies Corporation (GPX) Announces Earnings Results, Beats Expectations By $0.03 EPS
GP Strategies Corporation (NYSE:GPX) released its quarterly earnings data on Thursday. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03, Briefing.com reports. The firm had revenue of $124.10 million during the quarter, compared to analysts’ expectations of $125.01 million. GP Strategies Corporation had a return on equity of 12.56% and a net margin of 4.27%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 earnings per share.
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In related news, Director Marshall S. Geller sold 7,691 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $28.59, for a total value of $219,885.69. Following the completion of the sale, the director now directly owns 141,051 shares in the company, valued at approximately $4,032,648.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marshall S. Geller sold 3,894 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $28.64, for a total transaction of $111,524.16. Following the completion of the sale, the director now owns 141,051 shares of the company’s stock, valued at $4,039,700.64. The disclosure for this sale can be found here. Insiders sold a total of 18,317 shares of company stock valued at $521,791 in the last 90 days. 25.70% of the stock is owned by corporate insiders.
GPX has been the subject of a number of research reports. TheStreet raised GP Strategies Corporation from a “c+” rating to a “b-” rating in a research report on Monday, July 31st. Zacks Investment Research raised GP Strategies Corporation from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Monday, July 31st. BidaskClub raised GP Strategies Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. ValuEngine raised GP Strategies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. Finally, B. Riley set a $27.00 price target on GP Strategies Corporation and gave the stock a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $30.00.
About GP Strategies Corporation
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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