Barrington Research Comments on GP Strategies Corp’s Q1 2018 Earnings (GPX)
GP Strategies Corp (NYSE:GPX) – Barrington Research issued their Q1 2018 earnings per share (EPS) estimates for GP Strategies in a note issued to investors on Wednesday. Barrington Research analyst A. Paris. Jr expects that the company will post earnings of $0.23 per share for the quarter. Barrington Research also issued estimates for GP Strategies’ Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.31 EPS and Q4 2018 earnings at $0.34 EPS.
GP Strategies (NYSE:GPX) last posted its earnings results on Thursday, November 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. GP Strategies had a return on equity of 12.16% and a net margin of 3.95%. The firm had revenue of $124.10 million for the quarter, compared to analysts’ expectations of $125.01 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year.
GP Strategies (NYSE:GPX) remained flat at $$23.60 during midday trading on Thursday. 46,300 shares of the company traded hands, compared to its average volume of 34,562. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.10. GP Strategies has a 52-week low of $22.30 and a 52-week high of $31.25. The company has a market capitalization of $396.09, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in GP Strategies during the third quarter valued at approximately $106,000. First Interstate Bank boosted its stake in GP Strategies by 102.2% during the second quarter. First Interstate Bank now owns 7,785 shares of the company’s stock valued at $206,000 after buying an additional 3,935 shares during the last quarter. Alliancebernstein L.P. bought a new position in GP Strategies during the second quarter valued at approximately $214,000. Susquehanna International Group LLP bought a new position in GP Strategies during the second quarter valued at approximately $222,000. Finally, Bessemer Group Inc. boosted its stake in GP Strategies by 24.7% during the second quarter. Bessemer Group Inc. now owns 8,950 shares of the company’s stock valued at $236,000 after buying an additional 1,770 shares during the last quarter. 88.87% of the stock is owned by hedge funds and other institutional investors.
GP Strategies announced that its board has initiated a stock repurchase plan on Wednesday, November 22nd that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
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About GP Strategies
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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