PRGX Global, Inc. (PRGX) Set to Announce Earnings on Thursday
PRGX Global, Inc. (NASDAQ:PRGX) is scheduled to release its earnings data on Thursday, November 2nd. Analysts expect PRGX Global to post earnings of $0.06 per share for the quarter.
PRGX Global (NASDAQ:PRGX) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.06. The company had revenue of $38.51 million for the quarter, compared to analyst estimates of $37.06 million. PRGX Global had a negative net margin of 0.55% and a positive return on equity of 0.30%. On average, analysts expect PRGX Global to post $0.10 EPS for the current fiscal year and $0.09 EPS for the next fiscal year.
PRGX Global, Inc. (NASDAQ:PRGX) traded up 5.48% on Friday, hitting $7.70. 15,696 shares of the stock traded hands. The stock has a 50 day moving average of $6.98 and a 200 day moving average of $6.54. The firm’s market capitalization is $172.37 million. PRGX Global, Inc. has a 52 week low of $4.45 and a 52 week high of $7.75.
Several brokerages have recently commented on PRGX. Zacks Investment Research upgraded shares of PRGX Global from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a report on Wednesday. B. Riley reiterated a “buy” rating and issued a $8.00 target price on shares of PRGX Global in a report on Tuesday, August 22nd. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $7.06.
In related news, Director Matthew A. Drapkin acquired 37,370 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average price of $6.35 per share, for a total transaction of $237,299.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Strategic Opportunit Headlands acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were bought at an average price of $6.13 per share, with a total value of $122,600.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 95,510 shares of company stock valued at $598,368. 14.96% of the stock is currently owned by corporate insiders.
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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.
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