GP Strategies Corp (GPX) Expected to Announce Earnings of $0.12 Per Share

Brokerages expect GP Strategies Corp (NYSE:GPX) to post earnings per share (EPS) of $0.12 for the current quarter, Zacks reports. Three analysts have provided estimates for GP Strategies’ earnings. The lowest EPS estimate is $0.10 and the highest is $0.14. GP Strategies reported earnings of $0.23 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 47.8%. The business is expected to report its next earnings results before the market opens on Friday, May 10th.

On average, analysts expect that GP Strategies will report full-year earnings of $1.09 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.20. For the next year, analysts anticipate that the business will report earnings of $1.42 per share, with EPS estimates ranging from $1.34 to $1.50. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow GP Strategies.

GP Strategies (NYSE:GPX) last posted its quarterly earnings data on Monday, March 18th. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.18). The company had revenue of $132.87 million during the quarter, compared to the consensus estimate of $133.85 million. GP Strategies had a return on equity of 8.37% and a net margin of 1.91%.

Several research firms recently weighed in on GPX. Zacks Investment Research cut shares of GP Strategies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 6th. B. Riley set a $19.00 price objective on shares of GP Strategies and gave the stock a “buy” rating in a research report on Tuesday, March 19th.

Shares of GPX stock traded up $1.21 during trading on Friday, hitting $14.26. The company had a trading volume of 6,384 shares, compared to its average volume of 50,465. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.62. The stock has a market cap of $241.70 million, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 0.78 and a beta of 0.88. GP Strategies has a 52 week low of $11.77 and a 52 week high of $20.25.

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

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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