GP Strategies Corp (NYSE:GPX) Expected to Post Quarterly Sales of $107.92 Million

Analysts expect that GP Strategies Corp (NYSE:GPX) will post $107.92 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for GP Strategies’ earnings, with the lowest sales estimate coming in at $100.00 million and the highest estimate coming in at $115.00 million. GP Strategies reported sales of $149.41 million in the same quarter last year, which would suggest a negative year over year growth rate of 27.8%. The company is scheduled to issue its next quarterly earnings results on Thursday, August 6th.

According to Zacks, analysts expect that GP Strategies will report full-year sales of $498.41 million for the current year, with estimates ranging from $478.48 million to $513.58 million. For the next year, analysts anticipate that the firm will report sales of $529.82 million, with estimates ranging from $528.33 million to $531.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover GP Strategies.

GP Strategies (NYSE:GPX) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.12). GP Strategies had a net margin of 2.37% and a return on equity of 5.57%. The company had revenue of $128.28 million during the quarter, compared to the consensus estimate of $131.95 million.

Several research analysts have recently commented on the company. ValuEngine raised GP Strategies from a “sell” rating to a “hold” rating in a report on Friday, May 15th. Zacks Investment Research downgraded GP Strategies from a “hold” rating to a “sell” rating in a report on Friday, June 12th. Barrington Research reissued a “buy” rating and issued a $10.00 target price on shares of GP Strategies in a report on Tuesday, June 16th. B. Riley downgraded GP Strategies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $14.00 to $7.50 in a report on Friday, May 8th. Finally, Roth Capital reduced their target price on GP Strategies from $18.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $10.38.

Shares of GPX stock traded up $0.73 during trading hours on Monday, hitting $8.69. The company had a trading volume of 83,380 shares, compared to its average volume of 77,272. The firm has a market capitalization of $136.70 million, a price-to-earnings ratio of 10.79, a PEG ratio of 2.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 1.80. GP Strategies has a 12 month low of $5.20 and a 12 month high of $16.68. The firm’s fifty day moving average is $7.39 and its 200 day moving average is $10.02.

A number of large investors have recently bought and sold shares of GPX. California Public Employees Retirement System acquired a new position in shares of GP Strategies in the 4th quarter valued at $150,000. State Street Corp lifted its stake in shares of GP Strategies by 3.3% in the 4th quarter. State Street Corp now owns 236,525 shares of the company’s stock valued at $3,129,000 after purchasing an additional 7,631 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of GP Strategies by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 81,455 shares of the company’s stock valued at $1,078,000 after purchasing an additional 2,449 shares during the period. FMR LLC acquired a new position in shares of GP Strategies in the 4th quarter valued at $3,992,000. Finally, Barclays PLC lifted its stake in shares of GP Strategies by 92.0% in the 4th quarter. Barclays PLC now owns 13,036 shares of the company’s stock valued at $172,000 after purchasing an additional 6,247 shares during the period. 63.57% of the stock is currently owned by hedge funds and other institutional investors.

GP Strategies Company Profile

GP Strategies Corporation provides performance improvement and learning solutions worldwide. It operates through four segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, and Performance Readiness Solutions. The Learning Solutions segment delivers training, curriculum design and development, digital learning, system hosting, managed learning, and consulting services to electronics and semiconductors, healthcare, software, financial services, and other industries, as well as government agencies; and provides apprenticeship and vocational skills training services.

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Earnings History and Estimates for GP Strategies (NYSE:GPX)

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