Brokerages Expect GP Strategies Co. (NYSE:GPX) Will Post Earnings of $0.24 Per Share

Brokerages predict that GP Strategies Co. (NYSE:GPX) will report $0.24 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for GP Strategies’ earnings. The highest EPS estimate is $0.25 and the lowest is $0.22. GP Strategies also reported earnings per share of $0.24 during the same quarter last year. The firm is scheduled to issue its next quarterly earnings report on Thursday, November 4th.

On average, analysts expect that GP Strategies will report full year earnings of $1.04 per share for the current year, with EPS estimates ranging from $1.00 to $1.08. For the next fiscal year, analysts anticipate that the company will post earnings of $1.20 per share, with EPS estimates ranging from $1.20 to $1.21. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover GP Strategies.

GP Strategies (NYSE:GPX) last issued its quarterly earnings data on Sunday, August 8th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.10. GP Strategies had a net margin of 2.73% and a return on equity of 9.09%. The company had revenue of $128.78 million for the quarter, compared to analysts’ expectations of $127.29 million.

Several equities analysts recently issued reports on GPX shares. Zacks Investment Research lowered shares of GP Strategies from a “buy” rating to a “hold” rating in a report on Thursday, July 8th. TheStreet lowered shares of GP Strategies from a “b-” rating to a “c” rating in a report on Tuesday, June 1st. Roth Capital lowered shares of GP Strategies from a “buy” rating to a “neutral” rating in a report on Thursday, July 15th. Barrington Research lowered shares of GP Strategies from an “outperform” rating to a “market perform” rating in a report on Thursday, July 15th. Finally, B. Riley lowered shares of GP Strategies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $21.50 to $20.85 in a report on Friday, July 16th. Four analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $19.96.

A number of hedge funds have recently modified their holdings of GPX. Lazard Asset Management LLC bought a new position in shares of GP Strategies during the 1st quarter valued at approximately $43,000. Advisor Group Holdings Inc. grew its position in shares of GP Strategies by 75.7% during the 2nd quarter. Advisor Group Holdings Inc. now owns 3,822 shares of the company’s stock valued at $61,000 after acquiring an additional 1,647 shares during the period. Victory Capital Management Inc. bought a new position in shares of GP Strategies during the 1st quarter valued at approximately $101,000. BNP Paribas Arbitrage SA grew its position in shares of GP Strategies by 75.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,786 shares of the company’s stock valued at $118,000 after acquiring an additional 2,917 shares during the period. Finally, Squarepoint Ops LLC grew its position in shares of GP Strategies by 7.4% during the 2nd quarter. Squarepoint Ops LLC now owns 10,754 shares of the company’s stock valued at $169,000 after acquiring an additional 744 shares during the period. 61.97% of the stock is owned by institutional investors and hedge funds.

Shares of GP Strategies stock traded up $0.01 during trading on Thursday, hitting $20.72. The company’s stock had a trading volume of 100 shares, compared to its average volume of 106,732. The stock has a market cap of $363.66 million, a price-to-earnings ratio of 28.37, a price-to-earnings-growth ratio of 1.32 and a beta of 1.64. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.97 and a quick ratio of 1.97. GP Strategies has a 52 week low of $8.38 and a 52 week high of $20.91. The stock has a 50-day moving average price of $20.34 and a two-hundred day moving average price of $17.67.

GP Strategies Company Profile

GP Strategies Corp. provides training, e-Learning solutions, management consulting and engineering services. It operates through the following Geographic Segments: North America, EMEA and Emerging Markets (Latin America and Asia Pacific countries). It provides Workforce Transformation Services into three primary solution sets: Organizational Performance Solutions (OPS), Technical Performance Solutions (TPS) and Automotive Performance Solutions (APS).

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