$131.87 Million in Sales Expected for GP Strategies Corp (GPX) This Quarter

Analysts expect GP Strategies Corp (NYSE:GPX) to announce $131.87 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for GP Strategies’ earnings. The highest sales estimate is $132.65 million and the lowest is $130.96 million. GP Strategies posted sales of $127.28 million during the same quarter last year, which suggests a positive year over year growth rate of 3.6%. The company is scheduled to issue 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 year, with estimates ranging from $508.66 million to $510.36 million. For the next year, analysts expect that the business will post sales of $540.99 million per share, with estimates ranging from $535.19 million to $548.60 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for GP Strategies.

Several research firms recently issued reports on GPX. Zacks Investment Research cut GP Strategies from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. B. Riley set a $27.00 target price on GP Strategies and gave the company a “hold” rating in a research note on Tuesday, October 31st. Finally, TheStreet lowered GP Strategies from a “b-” rating to a “c” rating in a research note on Friday, November 17th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. GP Strategies presently has a consensus rating of “Buy” and an average target price of $29.67.

A number of large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its stake in GP Strategies by 2.3% in the second 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. Schwab Charles Investment Management Inc. lifted its stake in GP Strategies by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 71,564 shares of the company’s stock valued at $1,890,000 after buying an additional 987 shares during the period. Northern Trust Corp lifted its stake in GP Strategies by 1.1% in the second quarter. Northern Trust Corp now owns 180,640 shares of the company’s stock valued at $4,768,000 after buying an additional 1,899 shares during the period. Bessemer Group Inc. lifted its stake in GP Strategies by 11.1% in the fourth quarter. Bessemer Group Inc. now owns 27,950 shares of the company’s stock valued at $649,000 after buying an additional 2,800 shares during the period. Finally, Vanguard Group Inc. lifted its stake in GP Strategies by 0.5% in the second quarter. Vanguard Group Inc. now owns 582,633 shares of the company’s stock valued at $15,381,000 after buying an additional 3,013 shares during the period. 88.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of GP Strategies (GPX) opened at $23.40 on Tuesday. The company has a market capitalization of $392.74, a price-to-earnings ratio of 19.66, a PEG ratio of 1.08 and a beta of 0.86. GP Strategies has a 1-year low of $22.30 and a 1-year high of $31.25. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.40 and a current ratio of 1.40.

GP Strategies declared that its board has authorized a stock repurchase plan on Wednesday, November 22nd that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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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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