GP Strategies Corporation (GPX) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS
GP Strategies Corporation (NYSE:GPX) posted its earnings results on Thursday. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.26 by $0.03, Briefing.com reports. GP Strategies Corporation had a return on equity of 12.44% and a net margin of 3.95%. The firm had revenue of $124.10 million during the quarter, compared to the consensus estimate of $125.01 million. During the same period last year, the company earned $0.29 earnings per share. The business’s quarterly revenue was up 1.7% on a year-over-year basis.
Shares of GP Strategies Corporation (GPX) opened at $27.25 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market cap of $474.98 million, a P/E ratio of 22.11, a PEG ratio of 1.48 and a beta of 0.92.
GPX has been the subject of a number of research reports. BidaskClub upgraded GP Strategies Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. B. Riley restated a “neutral” rating and set a $27.00 price objective on shares of GP Strategies Corporation in a research report on Friday, July 28th. Zacks Investment Research upgraded GP Strategies Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. TheStreet upgraded GP Strategies Corporation from a “c+” rating to a “b-” rating in a research report on Monday, July 31st. Finally, ValuEngine upgraded GP Strategies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. GP Strategies Corporation has an average rating of “Hold” and an average price target of $30.00.
In related news, insider David A. Gugala sold 6,732 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $28.28, for a total value of $190,380.96. Following the transaction, the insider now directly owns 8,810 shares of the company’s stock, valued at approximately $249,146.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Marshall S. Geller sold 3,894 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $28.64, for a total value of $111,524.16. Following the sale, the director now directly owns 141,051 shares in the company, valued at $4,039,700.64. The disclosure for this sale can be found here. Insiders sold a total of 18,317 shares of company stock valued at $521,791 in the last three months. Corporate insiders own 25.70% of the company’s stock.
GP Strategies Corporation Company Profile
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.
Receive News & Ratings for GP Strategies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GP Strategies Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.