Zacks: Analysts Expect GP Strategies Corp (GPX) to Announce $0.24 EPS

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Wall Street analysts expect GP Strategies Corp (NYSE:GPX) to announce $0.24 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for GP Strategies’ earnings, with estimates ranging from $0.23 to $0.24. GP Strategies reported earnings per share of $0.29 in the same quarter last year, which would suggest a negative year-over-year growth rate of 17.2%. The company is scheduled to announce its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that GP Strategies will report full year earnings of $0.95 per share for the current year, with EPS estimates ranging from $0.93 to $0.97. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.40 per share, with EPS estimates ranging from $1.21 to $1.50. Zacks Investment Research’s 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 posted its quarterly earnings results on Tuesday, July 31st. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.13. The firm had revenue of $133.69 million for the quarter, compared to analyst estimates of $134.50 million. GP Strategies had a return on equity of 11.06% and a net margin of 1.78%.

Several research analysts have weighed in on GPX shares. Zacks Investment Research raised GP Strategies from a “sell” rating to a “hold” rating in a research report on Thursday, July 5th. B. Riley set a $24.00 target price on GP Strategies and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. GP Strategies currently has a consensus rating of “Hold” and an average target price of $26.00.

NYSE:GPX traded down $0.12 during trading hours on Wednesday, hitting $15.64. 55,220 shares of the company’s stock traded hands, compared to its average volume of 50,967. The firm has a market capitalization of $278.62 million, a price-to-earnings ratio of 11.59, a PEG ratio of 1.02 and a beta of 0.78. GP Strategies has a twelve month low of $15.52 and a twelve month high of $30.75. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.15.

In other news, Director Marshall S. Geller bought 2,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 148,254 shares in the company, valued at approximately $2,456,568.78. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 25.70% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Cove Street Capital LLC boosted its stake in shares of GP Strategies by 8.5% during the 2nd quarter. Cove Street Capital LLC now owns 1,613,637 shares of the company’s stock worth $28,400,000 after acquiring an additional 126,751 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of GP Strategies by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,056,073 shares of the company’s stock worth $18,587,000 after acquiring an additional 49,034 shares in the last quarter. BlackRock Inc. boosted its stake in shares of GP Strategies by 5.2% during the 2nd quarter. BlackRock Inc. now owns 731,786 shares of the company’s stock worth $12,881,000 after acquiring an additional 36,380 shares in the last quarter. Royce & Associates LP boosted its stake in shares of GP Strategies by 31.2% during the 2nd quarter. Royce & Associates LP now owns 478,758 shares of the company’s stock worth $8,426,000 after acquiring an additional 113,968 shares in the last quarter. Finally, Teton Advisors Inc. boosted its stake in shares of GP Strategies by 19.7% during the 2nd quarter. Teton Advisors Inc. now owns 121,271 shares of the company’s stock worth $2,134,000 after acquiring an additional 20,000 shares in the last quarter. 87.75% of the stock is currently owned by 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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