Wall Street brokerages forecast that GP Strategies Corp (NYSE:GPX) will report $131.87 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for GP Strategies’ earnings, with the lowest sales estimate coming in at $130.96 million and the highest estimate coming in at $132.65 million. GP Strategies posted sales of $127.28 million in the same quarter last year, which suggests a positive year over year growth rate of 3.6%. The company is expected to issue its next quarterly earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that GP Strategies will report full-year sales of $131.87 million for the current fiscal year, with estimates ranging from $508.66 million to $510.36 million. For the next fiscal year, analysts forecast that the firm will report sales of $539.32 million per share, with estimates ranging from $535.19 million to $543.60 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover GP Strategies.

GP Strategies (NYSE:GPX) last posted its earnings results on Thursday, November 2nd. The company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. GP Strategies had a return on equity of 12.16% and a net margin of 3.95%. The company had revenue of $124.10 million for the quarter, compared to analyst estimates of $125.01 million. During the same period last year, the company earned $0.29 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year.

Several research firms have weighed in on GPX. TheStreet lowered GP Strategies from a “b-” rating to a “c” rating in a report on Friday, November 17th. B. Riley set a $27.00 target price on GP Strategies and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Zacks Investment Research downgraded GP Strategies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, BidaskClub raised GP Strategies from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. 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 company’s stock. The stock has an average rating of “Hold” and a consensus price target of $30.00.

GP Strategies (NYSE GPX) remained flat at $$22.95 during midday trading on Thursday. 24,900 shares of the stock were exchanged, compared to its average volume of 32,586. GP Strategies has a 52 week low of $22.30 and a 52 week high of $31.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $385.18, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 1.42 and a beta of 0.83.

GP Strategies announced that its board has authorized a share repurchase program on Wednesday, November 22nd that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC boosted its holdings in GP Strategies by 9.7% during the third quarter. Neuberger Berman Group LLC now owns 570,797 shares of the company’s stock valued at $17,609,000 after purchasing an additional 50,636 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in GP Strategies by 23.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 41,529 shares of the company’s stock valued at $1,281,000 after purchasing an additional 7,785 shares in the last quarter. NWQ Investment Management Company LLC boosted its holdings in GP Strategies by 8.9% during the third quarter. NWQ Investment Management Company LLC now owns 1,264,418 shares of the company’s stock valued at $39,007,000 after purchasing an additional 103,140 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in GP Strategies by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 979,414 shares of the company’s stock valued at $30,215,000 after purchasing an additional 14,599 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in GP Strategies by 6.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 76,421 shares of the company’s stock valued at $2,358,000 after purchasing an additional 4,857 shares in the last quarter. 88.87% of the stock is currently owned by institutional investors.

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About GP Strategies

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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Earnings History and Estimates for GP Strategies (NYSE:GPX)

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