-$0.04 Earnings Per Share Expected for GP Strategies Corp (NYSE:GPX) This Quarter

Wall Street analysts expect GP Strategies Corp (NYSE:GPX) to announce earnings per share (EPS) of ($0.04) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for GP Strategies’ earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at ($0.03). GP Strategies reported earnings per share of $0.22 during the same quarter last year, which suggests a negative year-over-year growth rate of 118.2%. The business is expected to issue its next quarterly earnings results on Thursday, August 6th.

According to Zacks, analysts expect that GP Strategies will report full-year earnings of $0.22 per share for the current fiscal year, with EPS estimates ranging from $0.20 to $0.23. For the next fiscal year, analysts forecast that the firm will report earnings of $0.61 per share, with EPS estimates ranging from $0.46 to $0.75. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow GP Strategies.

GP Strategies (NYSE:GPX) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.12). The business had revenue of $128.28 million during the quarter, compared to the consensus estimate of $131.95 million. GP Strategies had a return on equity of 5.57% and a net margin of 2.37%.

A number of equities research analysts have recently issued reports on the stock. Roth Capital cut their price objective on shares of GP Strategies from $18.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. B. Riley lowered GP Strategies from a “buy” rating to a “neutral” rating and cut their price target for the company from $14.00 to $7.50 in a report on Friday, May 8th. Zacks Investment Research cut GP Strategies from a “hold” rating to a “sell” rating in a research report on Friday, June 12th. Barrington Research reaffirmed a “buy” rating and set a $10.00 price objective on shares of GP Strategies in a research report on Tuesday, June 16th. Finally, ValuEngine raised shares of GP Strategies from a “sell” rating to a “hold” rating in a report on Friday, May 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.38.

Shares of GP Strategies stock traded up $0.03 during trading hours on Friday, reaching $7.96. 121,907 shares of the stock traded hands, compared to its average volume of 74,856. GP Strategies has a one year low of $5.20 and a one year high of $16.68. The firm has a market capitalization of $136.18 million, a price-to-earnings ratio of 9.95, a P/E/G ratio of 3.78 and a beta of 1.52. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average price of $7.39 and a 200 day moving average price of $10.02.

Several institutional investors have recently made changes to their positions in GPX. Citigroup Inc. increased its position in GP Strategies by 49.0% in the fourth quarter. Citigroup Inc. now owns 2,562 shares of the company’s stock worth $34,000 after purchasing an additional 842 shares during the last quarter. Trexquant Investment LP lifted its holdings in GP Strategies by 38.0% during the first quarter. Trexquant Investment LP now owns 15,687 shares of the company’s stock worth $102,000 after buying an additional 4,322 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of GP Strategies during the 1st quarter valued at $130,000. Heritage Investors Management Corp lifted its holdings in shares of GP Strategies by 105.5% during the 1st quarter. Heritage Investors Management Corp now owns 21,010 shares of the company’s stock valued at $137,000 after purchasing an additional 10,785 shares during the last quarter. Finally, California Public Employees Retirement System purchased a new stake in shares of GP Strategies during the 4th quarter valued at $150,000. Institutional investors and hedge funds own 63.57% of the company’s stock.

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.

Read More: What is the Shanghai Stock Exchange Composite Index?

Get a free copy of the Zacks research report on GP Strategies (GPX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for GP Strategies (NYSE:GPX)

Receive News & Ratings for GP Strategies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GP Strategies and related companies with MarketBeat.com's FREE daily email newsletter.