Wall Street analysts expect that GP Strategies Corp (NYSE:GPX) will post earnings of $0.26 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for GP Strategies’ earnings, with estimates ranging from $0.17 to $0.35. GP Strategies reported earnings per share of $0.40 during the same quarter last year, which suggests a negative year over year growth rate of 35%. The firm is expected to report its next quarterly earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that GP Strategies will report full-year earnings of $1.04 per share for the current year, with EPS estimates ranging from $0.96 to $1.13. For the next financial year, analysts forecast that the firm will post earnings of $1.43 per share, with EPS estimates ranging from $1.27 to $1.61. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow GP Strategies.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded GP Strategies from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. B. Riley set a $27.00 target price on GP Strategies and gave the company a “hold” rating in a research note on Tuesday, October 31st. Finally, TheStreet downgraded GP Strategies from a “b-” rating to a “c” rating in a research note on Friday, November 17th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $29.67.
Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in GP Strategies during the 3rd quarter valued at $106,000. Alliancebernstein L.P. purchased a new stake in GP Strategies during the 2nd quarter valued at $214,000. Susquehanna International Group LLP purchased a new stake in GP Strategies during the 2nd quarter valued at $222,000. Citadel Advisors LLC purchased a new stake in GP Strategies during the 4th quarter valued at $251,000. Finally, The Manufacturers Life Insurance Company boosted its stake in GP Strategies by 2.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,091 shares of the company’s stock valued at $267,000 after purchasing an additional 225 shares during the last quarter. Institutional investors and hedge funds own 88.94% of the company’s stock.
GP Strategies (NYSE GPX) traded up $0.45 during trading on Friday, hitting $23.25. The company had a trading volume of 39,934 shares, compared to its average volume of 48,526. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $390.23, a P/E ratio of 19.70, a P/E/G ratio of 1.08 and a beta of 0.86. GP Strategies has a 52 week low of $22.30 and a 52 week high of $31.25.
GP Strategies announced that its Board of Directors has approved a stock repurchase plan on Wednesday, November 22nd that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
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About GP Strategies
GP Strategies Corporation (GP Strategies) is a global performance improvement solutions provider of sales and technical training, e-learning solutions, management consulting and engineering services. The Company operates in five segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, RWD and Energy Services.
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