$0.24 Earnings Per Share Expected for GP Strategies Corp (NYSE:GPX) This Quarter

Wall Street brokerages expect that GP Strategies Corp (NYSE:GPX) will report earnings of $0.24 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for GP Strategies’ earnings. GP Strategies reported earnings of $0.27 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 11.1%. The company is expected to report its next quarterly earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that GP Strategies will report full-year earnings of $0.97 per share for the current year. For the next financial year, analysts anticipate that the company will post earnings of $1.24 per share, with EPS estimates ranging from $1.22 to $1.25. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for GP Strategies.

GP Strategies (NYSE:GPX) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.04). GP Strategies had a net margin of 1.32% and a return on equity of 6.65%. The firm had revenue of $149.41 million for the quarter, compared to the consensus estimate of $149.01 million.

A number of equities research analysts recently commented on GPX shares. ValuEngine lowered shares of GP Strategies from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Barrington Research reiterated a “buy” rating and set a $20.00 price target on shares of GP Strategies in a report on Tuesday. Finally, Zacks Investment Research lowered shares of GP Strategies from a “hold” rating to a “strong sell” rating in a report on Tuesday.

NYSE:GPX traded down $0.36 during midday trading on Monday, reaching $13.63. 33,458 shares of the stock traded hands, compared to its average volume of 41,536. The business has a fifty day moving average of $15.24. GP Strategies has a 12 month low of $11.77 and a 12 month high of $19.55. The company has a quick ratio of 1.83, a current ratio of 1.93 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $231.12 million, a PE ratio of 15.14, a P/E/G ratio of 0.94 and a beta of 0.82.

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of GP Strategies by 2.3% during the 4th quarter. BlackRock Inc. now owns 753,873 shares of the company’s stock worth $9,508,000 after purchasing an additional 17,253 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of GP Strategies by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 69,105 shares of the company’s stock worth $871,000 after buying an additional 865 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of GP Strategies by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,120,417 shares of the company’s stock worth $14,129,000 after buying an additional 28,556 shares during the period. Geode Capital Management LLC lifted its position in shares of GP Strategies by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 138,380 shares of the company’s stock worth $1,744,000 after buying an additional 5,684 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of GP Strategies by 8.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 123,414 shares of the company’s stock worth $1,556,000 after buying an additional 9,407 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

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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