GP Strategies Corp (GPX) to Post FY2017 Earnings of $0.96 Per Share, B. Riley Forecasts

GP Strategies Corp (NYSE:GPX) – Analysts at B. Riley lowered their FY2017 EPS estimates for shares of GP Strategies in a report released on Thursday. B. Riley analyst K. Liu now expects that the company will earn $0.96 per share for the year, down from their previous estimate of $1.06. B. Riley currently has a “Buy” rating and a $28.00 target price on the stock. B. Riley also issued estimates for GP Strategies’ Q4 2017 earnings at $0.17 EPS.

Several other analysts have also commented on GPX. Zacks Investment Research upgraded shares of GP Strategies from a “strong sell” rating to a “hold” rating in a research report on Wednesday. TheStreet lowered shares of GP Strategies from a “b-” rating to a “c” rating in a research report on Friday, November 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $30.33.

GP Strategies (NYSE GPX) opened at $25.40 on Friday. The stock has a market cap of $387.70, a price-to-earnings ratio of 21.53, a P/E/G ratio of 1.15 and a beta of 0.83. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.10. GP Strategies has a fifty-two week low of $22.30 and a fifty-two week high of $31.25.

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

GP Strategies declared that its Board of Directors has approved a share buyback program on Wednesday, November 22nd that permits the company to buyback $10.00 million in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in shares of GP Strategies in the 3rd quarter valued at approximately $106,000. Alliancebernstein L.P. acquired a new position in GP Strategies during the 2nd quarter worth approximately $214,000. Susquehanna International Group LLP acquired a new position in GP Strategies during the 2nd quarter worth approximately $222,000. The Manufacturers Life Insurance Company grew its holdings in GP Strategies by 2.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,091 shares of the company’s stock worth $267,000 after acquiring an additional 225 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in GP Strategies during the 3rd quarter worth approximately $408,000. 88.87% of the stock is currently owned by institutional investors.

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GP Strategies 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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