GP Strategies Corp (NYSE:GPX) Expected to Announce Quarterly Sales of $107.92 Million

Wall Street analysts forecast that GP Strategies Corp (NYSE:GPX) will announce sales of $107.92 million for the current quarter, Zacks reports. Three analysts have provided estimates for GP Strategies’ earnings, with the highest sales estimate coming in at $115.00 million and the lowest estimate coming in at $100.00 million. GP Strategies posted sales of $149.41 million in the same quarter last year, which suggests a negative year-over-year growth rate of 27.8%. The company is expected to report its next quarterly earnings results on Thursday, August 6th.

According to Zacks, analysts expect that GP Strategies will report full-year sales of $498.41 million for the current financial year, with estimates ranging from $478.48 million to $513.58 million. For the next year, analysts forecast that the firm will post sales of $529.82 million, with estimates ranging from $528.33 million to $531.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover GP Strategies.

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

GPX has been the topic of several recent research reports. ValuEngine raised shares of GP Strategies from a “sell” rating to a “hold” rating in a report on Friday, May 15th. B. Riley lowered shares of GP Strategies from a “buy” rating to a “neutral” rating and cut their price target for the stock from $14.00 to $7.50 in a report on Friday, May 8th. Roth Capital cut their price target on shares of GP Strategies from $18.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Barrington Research reissued a “buy” rating and issued a $10.00 price target on shares of GP Strategies in a report on Tuesday, June 16th. Finally, TheStreet lowered shares of GP Strategies from a “c” rating to a “d+” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. GP Strategies currently has an average rating of “Hold” and a consensus price target of $10.38.

Shares of GPX stock traded up $0.73 on Monday, hitting $8.69. 83,380 shares of the company’s stock traded hands, compared to its average volume of 77,272. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 1.80. GP Strategies has a one year low of $5.20 and a one year high of $16.68. The company’s fifty day simple moving average is $7.39 and its 200 day simple moving average is $10.02. The stock has a market capitalization of $136.70 million, a price-to-earnings ratio of 10.79, a P/E/G ratio of 2.47 and a beta of 1.53.

Several large investors have recently bought and sold shares of the company. FMR LLC purchased a new position in GP Strategies during the 4th quarter valued at about $3,992,000. Hotchkis & Wiley Capital Management LLC raised its holdings in GP Strategies by 46.2% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 278,583 shares of the company’s stock worth $3,686,000 after buying an additional 88,090 shares during the last quarter. Minerva Advisors LLC raised its holdings in GP Strategies by 85.4% in the first quarter. Minerva Advisors LLC now owns 136,636 shares of the company’s stock worth $889,000 after buying an additional 62,953 shares during the last quarter. Cove Street Capital LLC raised its holdings in GP Strategies by 2.3% in the fourth quarter. Cove Street Capital LLC now owns 2,406,810 shares of the company’s stock worth $31,843,000 after buying an additional 54,231 shares during the last quarter. Finally, Invenomic Capital Management LP purchased a new position in GP Strategies in the first quarter worth about $219,000. 63.57% of the stock is owned by hedge funds and other 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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Earnings History and Estimates for GP Strategies (NYSE:GPX)

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