Equities research analysts forecast that PRGX Global, Inc. (NASDAQ:PRGX) will announce sales of $40.53 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for PRGX Global’s earnings. The lowest sales estimate is $40.49 million and the highest is $40.56 million. PRGX Global posted sales of $35.14 million during the same quarter last year, which suggests a positive year over year growth rate of 15.3%. The firm is expected to announce its next quarterly earnings results on Thursday, October 26th.

On average, analysts expect that PRGX Global will report full-year sales of $40.53 million for the current financial year, with estimates ranging from $157.21 million to $158.27 million. For the next financial year, analysts expect that the business will post sales of $168.00 million per share, with estimates ranging from $167.00 million to $168.99 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow PRGX Global.

PRGX Global (NASDAQ:PRGX) last posted its earnings results on Tuesday, August 1st. The business services provider reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.06. PRGX Global had a negative net margin of 0.55% and a positive return on equity of 0.30%. The firm had revenue of $38.51 million for the quarter, compared to analysts’ expectations of $37.06 million.

Several equities analysts have commented on the stock. B. Riley reissued a “buy” rating and set a $8.00 target price on shares of PRGX Global in a research report on Saturday, August 5th. ValuEngine raised shares of PRGX Global from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research raised shares of PRGX Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. PRGX Global presently has a consensus rating of “Buy” and a consensus target price of $6.31.

In other PRGX Global news, Director Matthew A. Drapkin bought 13,947 shares of the stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average price of $6.34 per share, with a total value of $88,423.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Strategic Opportunit Headlands bought 10,000 shares of the stock in a transaction on Thursday, August 3rd. The shares were acquired at an average cost of $6.16 per share, for a total transaction of $61,600.00. The disclosure for this purchase can be found here. Insiders purchased a total of 95,510 shares of company stock worth $598,368 in the last ninety days. 14.96% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP raised its holdings in PRGX Global by 3.7% during the 2nd quarter. GSA Capital Partners LLP now owns 44,014 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 1,584 shares during the period. Dimensional Fund Advisors LP raised its holdings in PRGX Global by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 691,679 shares of the business services provider’s stock valued at $4,427,000 after acquiring an additional 3,993 shares during the period. OxFORD Asset Management LLP raised its holdings in PRGX Global by 74.7% during the 2nd quarter. OxFORD Asset Management LLP now owns 18,858 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 8,063 shares during the period. Cadence Capital Management LLC raised its holdings in PRGX Global by 4.4% during the 1st quarter. Cadence Capital Management LLC now owns 223,852 shares of the business services provider’s stock valued at $1,433,000 after acquiring an additional 9,429 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in PRGX Global by 161.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 18,999 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 11,730 shares during the period. 70.76% of the stock is currently owned by institutional investors and hedge funds.

PRGX Global (NASDAQ:PRGX) opened at 7.05 on Thursday. The company’s market cap is $157.82 million. The firm’s 50 day moving average is $6.31 and its 200 day moving average is $6.35. PRGX Global has a 52-week low of $4.25 and a 52-week high of $7.25.

ILLEGAL ACTIVITY WARNING: This piece was reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/09/07/zacks-analysts-expect-prgx-global-inc-prgx-will-post-quarterly-sales-of-40-53-million.html.

PRGX Global Company Profile

PRGX Global, Inc (PRGX), together with its subsidiaries, provides recovery audit and spend analytics services. The Company provides recovery audit, procure-to-pay performance improvement, spend analytics and risk management services principally to large businesses and government agencies. The Company operates through three segments: Recovery Audit Services-Americas, Recovery Audit Services-Europe/Asia-Pacific and Adjacent Services.

Get a free copy of the Zacks research report on PRGX Global (PRGX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for PRGX Global (NASDAQ:PRGX)

Receive News & Ratings for PRGX Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PRGX Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.