Wall Street analysts expect that GP Strategies Corp (NYSE:GPX) will announce earnings of $0.26 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for GP Strategies’ earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.17. GP Strategies reported earnings of $0.40 per share during the same quarter last year, which indicates a negative year over year growth rate of 35%. The business is scheduled to announce its next earnings results on Tuesday, February 27th.
On average, analysts expect that GP Strategies will report full-year earnings of $1.04 per share for the current financial year, with EPS estimates ranging from $0.96 to $1.13. For the next financial year, analysts forecast that the company will report earnings of $1.43 per share, with EPS estimates ranging from $1.27 to $1.61. Zacks’ EPS averages are an average based on a survey of analysts that cover GP Strategies.
GP Strategies (NYSE:GPX) last posted its quarterly 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. The business had revenue of $124.10 million for the quarter, compared to the consensus estimate of $125.01 million. GP Strategies had a return on equity of 12.16% and a net margin of 3.95%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 EPS.
Shares of GP Strategies (NYSE GPX) traded up $0.45 during mid-day trading on Thursday, hitting $25.80. The stock had a trading volume of 58,238 shares, compared to its average volume of 54,785. The firm has a market cap of $425.46, a PE ratio of 21.68, a PEG ratio of 1.17 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 declared that its Board of Directors has initiated a stock buyback plan on Wednesday, November 22nd that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
Several hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted 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 buying an additional 225 shares during the period. Rhumbline Advisers raised its holdings in GP Strategies by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 15,204 shares of the company’s stock worth $401,000 after purchasing an additional 255 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in GP Strategies by 1.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 71,564 shares of the company’s stock worth $1,890,000 after purchasing an additional 987 shares during the period. Northern Trust Corp raised its holdings in GP Strategies by 1.1% in the 2nd quarter. Northern Trust Corp now owns 180,640 shares of the company’s stock worth $4,768,000 after purchasing an additional 1,899 shares during the period. Finally, Vanguard Group Inc. raised its holdings in GP Strategies by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 582,633 shares of the company’s stock worth $15,381,000 after purchasing an additional 3,013 shares during the period. 88.99% of the stock is owned by institutional investors and hedge funds.
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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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