GP Strategies Corp (NYSE:GPX) – Investment analysts at B. Riley lifted their Q1 2018 earnings estimates for GP Strategies in a research report issued to clients and investors on Thursday. B. Riley analyst K. Liu now expects that the company will post earnings per share of $0.23 for the quarter, up from their prior estimate of $0.22. B. Riley currently has a “Buy” rating and a $28.00 price target on the stock. B. Riley also issued estimates for GP Strategies’ Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.50 EPS, FY2018 earnings at $1.61 EPS and FY2019 earnings at $1.81 EPS.

GP Strategies (NYSE:GPX) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. The firm had revenue of $124.10 million for the quarter, compared to analysts’ expectations of $125.01 million. GP Strategies had a net margin of 3.95% and a return on equity of 12.16%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share.

A number of other analysts have also weighed in on the stock. TheStreet lowered shares of GP Strategies from a “b-” rating to a “c” rating in a research note on Friday, November 17th. Zacks Investment Research lowered shares of GP Strategies from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $29.67.

GP Strategies (NYSE:GPX) traded up $1.05 during midday trading on Monday, hitting $26.30. 117,000 shares of the stock were exchanged, compared to its average volume of 60,840. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $441.41, a PE ratio of 22.10, a PEG ratio of 1.18 and a beta of 0.83. GP Strategies has a 12-month low of $22.30 and a 12-month high of $31.25.

A number of large investors have recently added to or reduced their stakes in GPX. SG Americas Securities LLC purchased a new stake in GP Strategies in the third quarter worth about $106,000. Alliancebernstein L.P. purchased a new stake in GP Strategies in the second quarter worth about $214,000. Susquehanna International Group LLP purchased a new stake in GP Strategies in the second quarter worth about $222,000. The Manufacturers Life Insurance Company lifted its stake in GP Strategies by 2.3% in the second quarter. The Manufacturers Life Insurance Company now owns 10,091 shares of the company’s stock worth $267,000 after acquiring an additional 225 shares during the period. Finally, Rhumbline Advisers lifted its stake in GP Strategies by 1.7% in the second quarter. Rhumbline Advisers now owns 15,204 shares of the company’s stock worth $401,000 after acquiring an additional 255 shares during the period. 88.87% of the stock is owned by institutional investors.

GP Strategies announced that its board has authorized a share buyback program on Wednesday, November 22nd that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication 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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