Analysts expect that GP Strategies Corp (NYSE:GPX) will announce $131.87 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for GP Strategies’ earnings. The highest sales estimate is $132.65 million and the lowest is $130.96 million. GP Strategies reported sales of $127.28 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.6%. The company is expected to report its next 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 year, analysts anticipate that the company will post sales of $540.99 million per share, with estimates ranging from $535.19 million to $548.60 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover GP Strategies.

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

Several analysts have recently weighed in on GPX shares. Zacks Investment Research upgraded shares of GP Strategies from a “strong sell” rating to a “hold” rating and set a $29.00 price objective for the company in a research report on Wednesday, January 3rd. B. Riley restated a “hold” rating and set a $24.50 price objective on shares of GP Strategies in a research report on Tuesday, December 12th. Finally, TheStreet downgraded shares of GP Strategies from a “b-” rating to a “c” rating in a research report on Friday, November 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. GP Strategies presently has a consensus rating of “Buy” and a consensus target price of $29.67.

Shares of GP Strategies (NYSE GPX) traded down $0.65 during trading hours on Wednesday, hitting $25.65. 57,000 shares of the stock traded hands, compared to its average volume of 60,200. The stock has a market cap of $430.50, a P/E ratio of 21.55, a PEG ratio of 1.18 and a beta of 0.83. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.10. GP Strategies has a twelve month low of $22.30 and a twelve month high of $31.25.

GP Strategies declared that its Board of Directors has approved a share repurchase plan on Wednesday, November 22nd that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of GP Strategies in the 3rd quarter valued at $106,000. Alliancebernstein L.P. acquired a new position in shares of GP Strategies in the 2nd quarter valued at $214,000. Susquehanna International Group LLP acquired a new position in shares of GP Strategies in the 2nd quarter valued at $222,000. The Manufacturers Life Insurance Company increased its holdings in shares of GP Strategies by 2.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,091 shares of the company’s stock valued at $267,000 after acquiring an additional 225 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of GP Strategies by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 15,204 shares of the company’s stock valued at $401,000 after acquiring an additional 255 shares during the period. 88.87% of the stock is currently owned by institutional investors and hedge funds.

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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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