Analysts Expect PRGX Global Inc (PRGX) Will Announce Earnings of $0.14 Per Share

Wall Street analysts expect that PRGX Global Inc (NASDAQ:PRGX) will report earnings of $0.14 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for PRGX Global’s earnings, with estimates ranging from $0.12 to $0.15. PRGX Global posted earnings of $0.01 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 1,300%. The business is expected to report its next quarterly earnings report on Tuesday, February 27th.

On average, analysts expect that PRGX Global will report full year earnings of $0.07 per share for the current fiscal year, with EPS estimates ranging from $0.06 to $0.07. For the next financial year, analysts forecast that the business will report earnings of $0.14 per share, with EPS estimates ranging from $0.12 to $0.16. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow PRGX Global.

PRGX Global (NASDAQ:PRGX) last issued its earnings results on Thursday, November 2nd. The business services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $42.47 million during the quarter, compared to the consensus estimate of $40.56 million. PRGX Global had a negative return on equity of 1.75% and a negative net margin of 1.53%.

Several research analysts recently weighed in on PRGX shares. Zacks Investment Research downgraded shares of PRGX Global from a “strong-buy” rating to a “hold” rating in a report on Friday, October 6th. B. Riley set a $8.00 price objective on shares of PRGX Global and gave the company a “buy” rating in a report on Tuesday, October 31st. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $7.00.

In related news, Director Matthew A. Drapkin acquired 25,042 shares of the company’s stock in a transaction on Friday, November 10th. The stock was acquired at an average price of $7.19 per share, with a total value of $180,051.98. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Tushar K. Sachdev sold 10,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $7.01, for a total transaction of $70,100.00. The disclosure for this sale can be found here. Insiders have acquired a total of 71,942 shares of company stock valued at $522,898 in the last three months. Insiders own 14.96% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Thomson Horstmann & Bryant Inc. lifted its holdings in shares of PRGX Global by 44.8% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 722,119 shares of the business services provider’s stock valued at $5,127,000 after acquiring an additional 223,379 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of PRGX Global by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 726,299 shares of the business services provider’s stock valued at $4,721,000 after acquiring an additional 34,620 shares during the last quarter. Cadence Capital Management LLC lifted its holdings in shares of PRGX Global by 5.1% in the 3rd quarter. Cadence Capital Management LLC now owns 248,838 shares of the business services provider’s stock valued at $1,742,000 after acquiring an additional 12,063 shares during the last quarter. OxFORD Asset Management LLP lifted its holdings in shares of PRGX Global by 74.7% in 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 last quarter. Finally, GSA Capital Partners LLP lifted its holdings in shares of PRGX Global by 3.7% in 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 last quarter. 71.08% of the stock is owned by hedge funds and other institutional investors.

PRGX Global (NASDAQ:PRGX) opened at $7.70 on Monday. The firm has a market cap of $173.57, a price-to-earnings ratio of -192.50 and a beta of 1.08. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.25. PRGX Global has a 1-year low of $5.35 and a 1-year high of $8.00.

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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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