PRGX Global Inc (PRGX) Expected to Post Earnings of $0.14 Per Share

Wall Street analysts expect PRGX Global Inc (NASDAQ:PRGX) to announce $0.14 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for PRGX Global’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.15. PRGX Global reported earnings per share of $0.01 during the same quarter last year, which indicates a positive year-over-year growth rate of 1,300%. The company is scheduled to report its next earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that PRGX Global will report full year earnings of $0.06 per share for the current year. For the next financial year, analysts expect that the firm will report earnings of $0.14 per share, with EPS estimates ranging from $0.12 to $0.16. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for PRGX Global.

A number of analysts have recently weighed in on PRGX shares. Zacks Investment Research upgraded PRGX Global from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a research report on Wednesday, October 18th. B. Riley set a $8.00 target price on PRGX Global and gave the company a “buy” rating in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $7.00.

In related news, Director Matthew A. Drapkin bought 35,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was purchased at an average cost of $7.30 per share, for a total transaction of $255,500.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 14.96% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. OxFORD Asset Management LLP lifted its position in shares of 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. Monashee Investment Management LLC bought a new stake in shares of PRGX Global during the 4th quarter valued at $150,000. GSA Capital Partners LLP lifted its position in shares of 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. Millennium Management LLC bought a new stake in shares of PRGX Global during the 4th quarter worth $713,000. Finally, Cadence Capital Management LLC lifted its position in shares of PRGX Global by 5.1% during the 3rd quarter. Cadence Capital Management LLC now owns 248,838 shares of the business services provider’s stock worth $1,742,000 after buying an additional 12,063 shares during the last quarter. Hedge funds and other institutional investors own 70.83% of the company’s stock.

PRGX Global (PRGX) opened at $7.60 on Thursday. The company has a market capitalization of $166.84, a price-to-earnings ratio of -69.09 and a beta of 1.10. 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 $5.40 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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