GP Strategies (GPX) Issues Earnings Results

GP Strategies (NYSE:GPX) released its quarterly earnings data on Friday. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04, MarketWatch Earnings reports. The company had revenue of $139.47 million for the quarter, compared to the consensus estimate of $137.09 million. GP Strategies had a return on equity of 8.37% and a net margin of 1.91%.

Shares of GPX opened at $15.60 on Friday. The company has a market capitalization of $260.36 million, a PE ratio of 17.33, a price-to-earnings-growth ratio of 0.80 and a beta of 0.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.89 and a current ratio of 1.89. GP Strategies has a one year low of $11.77 and a one year high of $20.25.

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its holdings in shares of GP Strategies by 442.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,597 shares of the company’s stock worth $32,000 after acquiring an additional 2,118 shares in the last quarter. Heritage Investors Management Corp acquired a new position in shares of GP Strategies in the 1st quarter worth approximately $124,000. Stone Ridge Asset Management LLC acquired a new position in shares of GP Strategies in the 4th quarter worth approximately $130,000. Cubic Asset Management LLC boosted its holdings in shares of GP Strategies by 12.1% in the 4th quarter. Cubic Asset Management LLC now owns 13,890 shares of the company’s stock worth $175,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of GP Strategies by 42.3% in the 4th quarter. Rhumbline Advisers now owns 17,998 shares of the company’s stock worth $227,000 after acquiring an additional 5,346 shares in the last quarter. 88.85% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the company. ValuEngine raised GP Strategies from a “strong sell” rating to a “sell” rating in a report on Friday. B. Riley set a $19.00 price objective on GP Strategies and gave the company a “buy” rating in a report on Tuesday, March 19th. Finally, Zacks Investment Research raised GP Strategies from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th.

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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 for GP Strategies (NYSE:GPX)

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