Q3 2016 EPS Estimates for GP Strategies Corp. Reduced by Analyst (GPX)
GP Strategies Corp. (NYSE:GPX) – Research analysts at Barrington Research dropped their Q3 2016 EPS estimates for shares of GP Strategies Corp. in a research report issued on Monday. Barrington Research analyst A. Paris. Jr now expects that the firm will earn $0.31 per share for the quarter, down from their previous forecast of $0.33. Barrington Research also issued estimates for GP Strategies Corp.’s FY2016 earnings at $1.24 EPS and FY2017 earnings at $1.46 EPS.
GP Strategies Corp. (NYSE:GPX) last issued its earnings results on Thursday, July 28th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.03. GP Strategies Corp. had a return on equity of 12.82% and a net margin of 3.81%. The company earned $125.50 million during the quarter, compared to analyst estimates of $127.96 million. During the same period in the previous year, the company posted $0.27 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis.
Other equities analysts have also recently issued research reports about the company. B. Riley reiterated a “buy” rating and set a $26.00 price target on shares of GP Strategies Corp. in a report on Sunday, July 31st. Zacks Investment Research cut GP Strategies Corp. from a “hold” rating to a “strong sell” rating in a report on Monday, August 1st.
GP Strategies Corp. (NYSE:GPX) opened at 24.76 on Tuesday. GP Strategies Corp. has a one year low of $19.59 and a one year high of $28.59. The firm has a market capitalization of $411.68 million, a PE ratio of 22.49 and a beta of 1.41. The stock has a 50 day moving average price of $23.98 and a 200-day moving average price of $23.89.
Large investors have recently added to or reduced their stakes in the stock. Cove Street Capital LLC increased its stake in GP Strategies Corp. by 45.6% in the second quarter. Cove Street Capital LLC now owns 1,108,546 shares of the company’s stock worth $24,045,000 after buying an additional 347,003 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in GP Strategies Corp. by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 925,765 shares of the company’s stock worth $20,080,000 after buying an additional 4,967 shares during the last quarter. NWQ Investment Management Company LLC increased its stake in GP Strategies Corp. by 2.0% in the first quarter. NWQ Investment Management Company LLC now owns 787,331 shares of the company’s stock worth $21,573,000 after buying an additional 15,520 shares during the last quarter. Vanguard Group Inc. increased its stake in GP Strategies Corp. by 3.2% in the second quarter. Vanguard Group Inc. now owns 556,631 shares of the company’s stock worth $12,073,000 after buying an additional 17,127 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. increased its stake in GP Strategies Corp. by 18.7% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 342,052 shares of the company’s stock worth $7,419,000 after buying an additional 53,980 shares during the last quarter. Institutional investors own 88.88% of the company’s stock.
In other news, insider Deborah Ung sold 1,164 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $24.55, for a total transaction of $28,576.20. Following the completion of the sale, the insider now owns 15,435 shares in the company, valued at $378,929.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Samuel D. Robinson acquired 9,414 shares of GP Strategies Corp. stock in a transaction dated Tuesday, September 13th. The shares were purchased at an average price of $24.45 per share, with a total value of $230,172.30. The disclosure for this purchase can be found here. Insiders own 24.90% of the company’s stock.
About GP Strategies Corp.
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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