Equities research analysts expect GP Strategies Corp (NYSE:GPX) to report $133.85 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for GP Strategies’ earnings. The highest sales estimate is $135.95 million and the lowest is $132.00 million. GP Strategies reported sales of $131.50 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.8%. The company is scheduled to announce its next quarterly earnings results on Thursday, March 7th.
On average, analysts expect that GP Strategies will report full-year sales of $516.14 million for the current year, with estimates ranging from $514.29 million to $518.23 million. For the next financial year, analysts forecast that the company will post sales of $560.60 million, with estimates ranging from $541.00 million to $597.50 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow GP Strategies.
Get GP Strategies alerts:A number of equities analysts recently issued reports on the stock. B. Riley set a $24.00 target price on shares of GP Strategies and gave the company a “buy” rating in a research report on Friday, November 2nd. Barrington Research reiterated a “buy” rating and issued a $20.00 target price on shares of GP Strategies in a research report on Thursday, December 6th. Finally, Zacks Investment Research lowered shares of GP Strategies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday.
GPX traded up $0.05 on Tuesday, reaching $15.04. The company had a trading volume of 19,079 shares, compared to its average volume of 48,790. The firm has a market capitalization of $249.14 million, a PE ratio of 11.14, a P/E/G ratio of 0.76 and a beta of 0.89. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.13. GP Strategies has a one year low of $11.77 and a one year high of $23.75.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royce & Associates LP increased its holdings in GP Strategies by 36.1% in the third quarter. Royce & Associates LP now owns 651,758 shares of the company’s stock worth $10,982,000 after buying an additional 173,000 shares during the last quarter. Teton Advisors Inc. increased its holdings in GP Strategies by 11.0% in the 4th quarter. Teton Advisors Inc. now owns 141,793 shares of the company’s stock worth $1,788,000 after purchasing an additional 14,000 shares in the last quarter. Cubic Asset Management LLC increased its holdings in GP Strategies by 12.1% in the 4th quarter. Cubic Asset Management LLC now owns 13,890 shares of the company’s stock worth $175,000 after purchasing an additional 1,500 shares in the last quarter. Bridgeway Capital Management Inc. acquired a new stake in shares of GP Strategies in the third quarter valued at about $388,000. Finally, BlackRock Inc. increased its stake in shares of GP Strategies by 5.2% in the second quarter. BlackRock Inc. now owns 731,786 shares of the company’s stock valued at $12,881,000 after buying an additional 36,380 shares during the period. 88.78% of the stock is owned by institutional investors.
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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