Analysts expect that PRGX Global Inc (NASDAQ:PRGX) will announce earnings of $0.03 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for PRGX Global’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.04. PRGX Global reported earnings per share of $0.05 during the same quarter last year, which suggests a negative year over year growth rate of 40%. The company is expected to issue its next earnings results on Thursday, November 1st.
According to Zacks, analysts expect that PRGX Global will report full year earnings of $0.04 per share for the current fiscal year, with EPS estimates ranging from ($0.02) to $0.09. For the next fiscal year, analysts forecast that the company will report earnings of $0.29 per share, with EPS estimates ranging from $0.28 to $0.29. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover PRGX Global.
PRGX Global (NASDAQ:PRGX) last issued its earnings results on Thursday, August 9th. The business services provider reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). The business had revenue of $42.10 million for the quarter, compared to the consensus estimate of $39.70 million. PRGX Global had a return on equity of 0.06% and a net margin of 0.28%.
PRGX has been the subject of a number of research reports. Barrington Research reiterated a “buy” rating and set a $13.00 target price on shares of PRGX Global in a research report on Wednesday, September 19th. Zacks Investment Research lowered shares of PRGX Global from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 15th. ValuEngine upgraded shares of PRGX Global from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 28th. Finally, TheStreet lowered shares of PRGX Global from a “b” rating to a “c+” rating in a research report on Friday, August 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. PRGX Global presently has an average rating of “Buy” and a consensus price target of $12.00.
NASDAQ:PRGX traded up $0.10 on Friday, reaching $8.45. 69,432 shares of the company’s stock were exchanged, compared to its average volume of 65,437. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $204.59 million, a PE ratio of 40.24, a P/E/G ratio of 7.73 and a beta of 0.75. PRGX Global has a 52 week low of $6.65 and a 52 week high of $10.30.
In other news, major shareholder Strategic Opportunit Headlands acquired 13,959 shares of the business’s stock in a transaction dated Thursday, September 27th. The stock was bought at an average cost of $8.56 per share, for a total transaction of $119,489.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew A. Drapkin acquired 10,200 shares of the business’s stock in a transaction dated Wednesday, September 12th. The stock was purchased at an average price of $9.48 per share, with a total value of $96,696.00. The disclosure for this purchase can be found here. Insiders bought 87,672 shares of company stock valued at $798,900 over the last 90 days. 17.10% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in PRGX. BlackRock Inc. boosted its position in shares of PRGX Global by 122.5% in the second quarter. BlackRock Inc. now owns 1,686,979 shares of the business services provider’s stock valued at $16,365,000 after acquiring an additional 928,628 shares during the period. Millennium Management LLC boosted its position in shares of PRGX Global by 256.5% in the first quarter. Millennium Management LLC now owns 358,118 shares of the business services provider’s stock valued at $3,384,000 after acquiring an additional 257,675 shares during the period. Northern Trust Corp boosted its position in shares of PRGX Global by 495.5% in the second quarter. Northern Trust Corp now owns 230,457 shares of the business services provider’s stock valued at $2,236,000 after acquiring an additional 191,758 shares during the period. ClariVest Asset Management LLC boosted its position in shares of PRGX Global by 357.3% in the second quarter. ClariVest Asset Management LLC now owns 147,353 shares of the business services provider’s stock valued at $1,429,000 after acquiring an additional 115,131 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new stake in PRGX Global in the second quarter valued at approximately $857,000. Institutional investors own 79.51% of the company’s stock.
PRGX Global Company Profile
PRGX Global, Inc, together with its subsidiaries, provides recovery audit services to businesses and government agencies having payment transactions and procurement environments. It operates through three segments: Recovery Audit Services ? Americas, Recovery Audit Services – Europe/Asia-Pacific, and Adjacent Services.
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