Equities research analysts expect GP Strategies Corporation (NYSE:GPX) to post sales of $125.47 million for the current quarter, Zacks reports. Three analysts have made estimates for GP Strategies Corporation’s earnings, with the highest sales estimate coming in at $129.01 million and the lowest estimate coming in at $123.40 million. GP Strategies Corporation posted sales of $121.98 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.9%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that GP Strategies Corporation will report full-year sales of $125.47 million for the current financial year, with estimates ranging from $512.61 million to $517.12 million. For the next fiscal year, analysts forecast that the company will report sales of $549.58 million per share, with estimates ranging from $538.24 million to $558.49 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow GP Strategies Corporation.

GP Strategies Corporation (NYSE:GPX) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The business had revenue of $131.16 million for the quarter, compared to the consensus estimate of $131.20 million. GP Strategies Corporation had a net margin of 4.27% and a return on equity of 12.56%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share.

Several brokerages have recently weighed in on GPX. Zacks Investment Research cut shares of GP Strategies Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. BidaskClub upgraded shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. B. Riley reiterated a “neutral” rating and set a $27.00 price target on shares of GP Strategies Corporation in a research note on Wednesday, August 2nd. TheStreet upgraded shares of GP Strategies Corporation from a “c+” rating to a “b-” rating in a research note on Monday, July 31st. Finally, Barrington Research lifted their price target on shares of GP Strategies Corporation from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $30.00.

In related news, VP Kenneth L. Crawford sold 3,000 shares of GP Strategies Corporation stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $28.77, for a total transaction of $86,310.00. Following the transaction, the vice president now owns 28,691 shares in the company, valued at approximately $825,440.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Marshall S. Geller sold 7,691 shares of GP Strategies Corporation stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $28.59, for a total transaction of $219,885.69. Following the transaction, the director now owns 141,051 shares in the company, valued at approximately $4,032,648.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,317 shares of company stock worth $608,101. 25.70% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GPX. Nationwide Fund Advisors lifted its stake in shares of GP Strategies Corporation by 1.1% during the 1st quarter. Nationwide Fund Advisors now owns 15,894 shares of the company’s stock valued at $402,000 after buying an additional 175 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of GP Strategies Corporation by 30.1% during the 1st quarter. Wells Fargo & Company MN now owns 15,053 shares of the company’s stock valued at $380,000 after buying an additional 3,486 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of GP Strategies Corporation by 1.5% during the 1st quarter. Bank of New York Mellon Corp now owns 59,438 shares of the company’s stock valued at $1,503,000 after buying an additional 871 shares in the last quarter. American International Group Inc. lifted its stake in shares of GP Strategies Corporation by 7.0% during the 1st quarter. American International Group Inc. now owns 7,838 shares of the company’s stock valued at $198,000 after buying an additional 516 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in shares of GP Strategies Corporation by 20.0% during the 1st quarter. Neuberger Berman Group LLC now owns 504,316 shares of the company’s stock valued at $12,759,000 after buying an additional 83,953 shares in the last quarter. Institutional investors own 88.39% of the company’s stock.

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About GP Strategies Corporation

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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Earnings History and Estimates for GP Strategies Corporation (NYSE:GPX)

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