Barrington Research Comments on GP Strategies Corp’s FY2019 Earnings (NYSE:GPX)

GP Strategies Corp (NYSE:GPX) – Equities researchers at Barrington Research decreased their FY2019 earnings per share (EPS) estimates for shares of GP Strategies in a report released on Wednesday, May 29th, according to Zacks Investment Research. Barrington Research analyst A. Paris. Jr now anticipates that the company will post earnings per share of $1.15 for the year, down from their previous estimate of $1.17.

Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of GP Strategies from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st. ValuEngine upgraded shares of GP Strategies from a “strong sell” rating to a “sell” rating in a research report on Friday, May 10th. Finally, B. Riley set a $19.00 target price on shares of GP Strategies and gave the stock a “buy” rating in a research report on Tuesday, March 19th.

NYSE:GPX traded down $0.05 on Monday, reaching $14.49. The stock had a trading volume of 20,963 shares, compared to its average volume of 59,972. The firm has a market cap of $249.67 million, a P/E ratio of 16.10, a P/E/G ratio of 0.85 and a beta of 0.74. GP Strategies has a 1-year low of $11.77 and a 1-year high of $19.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.83 and a quick ratio of 1.83. The stock’s fifty day simple moving average is $14.57.

GP Strategies (NYSE:GPX) last posted its earnings results on Friday, May 10th. The company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.04. The business had revenue of $139.47 million for the quarter, compared to analysts’ expectations of $137.09 million. GP Strategies had a net margin of 1.42% and a return on equity of 7.70%.

A number of hedge funds have recently made changes to their positions in GPX. Rutabaga Capital Management LLC MA acquired a new stake in shares of GP Strategies during the 1st quarter worth about $5,168,000. Cove Street Capital LLC lifted its position in shares of GP Strategies by 3.8% during the first quarter. Cove Street Capital LLC now owns 2,297,922 shares of the company’s stock worth $27,920,000 after purchasing an additional 84,138 shares in the last quarter. Royce & Associates LP lifted its position in shares of GP Strategies by 12.6% during the fourth quarter. Royce & Associates LP now owns 733,739 shares of the company’s stock worth $9,252,000 after purchasing an additional 81,981 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of GP Strategies during the fourth quarter worth approximately $542,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of GP Strategies during the fourth quarter worth approximately $541,000. Hedge funds and other institutional investors own 89.20% of the company’s stock.

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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