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.
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.
TRADEMARK VIOLATION WARNING: This report was published by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/02/13/131-87-million-in-sales-expected-for-gp-strategies-corp-gpx-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GP Strategies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GP Strategies and related companies with MarketBeat.com's FREE daily email newsletter.