Zacks: Analysts Expect GP Strategies Corp (GPX) Will Post Quarterly Sales of $133.62 Million

Equities research analysts forecast that GP Strategies Corp (NYSE:GPX) will post sales of $133.62 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for GP Strategies’ earnings. The highest sales estimate is $137.26 million and the lowest is $131.60 million. GP Strategies posted sales of $131.50 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.6%. The business is expected to announce its next quarterly earnings report on Thursday, March 7th.

According to Zacks, analysts expect that GP Strategies will report full-year sales of $517.71 million for the current financial year, with estimates ranging from $513.89 million to $524.95 million. For the next year, analysts forecast that the company will post sales of $546.24 million, with estimates ranging from $541.00 million to $550.22 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover GP Strategies.

GP Strategies (NYSE:GPX) last posted its quarterly earnings results on Tuesday, November 6th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. GP Strategies had a net margin of 1.77% and a return on equity of 10.76%. The firm had revenue of $123.57 million during the quarter, compared to the consensus estimate of $127.97 million.

Several research firms have recently weighed in on GPX. Zacks Investment Research downgraded shares of GP Strategies from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. B. Riley set a $24.00 price target on shares of GP Strategies and gave the company a “buy” rating in a research note on Wednesday, October 3rd. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $26.00.

Shares of GP Strategies stock traded down $0.11 on Monday, hitting $14.14. 40,358 shares of the company traded hands, compared to its average volume of 57,739. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.12 and a current ratio of 1.10. GP Strategies has a 52 week low of $13.62 and a 52 week high of $26.80. The company has a market capitalization of $239.86 million, a PE ratio of 10.47, a P/E/G ratio of 0.87 and a beta of 0.85.

In other GP Strategies news, Director Marshall S. Geller acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The shares were bought at an average cost of $16.57 per share, with a total value of $33,140.00. Following the completion of the acquisition, the director now directly owns 148,254 shares in the company, valued at approximately $2,456,568.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 25.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of GPX. BlackRock Inc. increased its holdings in GP Strategies by 0.8% during the first quarter. BlackRock Inc. now owns 695,406 shares of the company’s stock valued at $15,751,000 after buying an additional 5,678 shares during the period. JPMorgan Chase & Co. increased its holdings in GP Strategies by 39.7% during the first quarter. JPMorgan Chase & Co. now owns 45,771 shares of the company’s stock valued at $1,036,000 after buying an additional 12,997 shares during the period. Dimensional Fund Advisors LP increased its holdings in GP Strategies by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,007,039 shares of the company’s stock valued at $22,809,000 after buying an additional 6,775 shares during the period. Millennium Management LLC increased its holdings in GP Strategies by 88.6% during the first quarter. Millennium Management LLC now owns 37,900 shares of the company’s stock valued at $858,000 after buying an additional 17,809 shares during the period. Finally, IndexIQ Advisors LLC increased its holdings in GP Strategies by 6.4% during the second quarter. IndexIQ Advisors LLC now owns 96,574 shares of the company’s stock valued at $1,700,000 after buying an additional 5,807 shares during the period. 87.20% of the stock is currently owned by institutional investors.

About GP Strategies

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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