Wall Street brokerages forecast that PRGX Global Inc (NASDAQ:PRGX) will report earnings of $0.14 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for PRGX Global’s earnings. The lowest EPS estimate is $0.12 and the highest is $0.15. PRGX Global posted earnings per share of $0.01 in the same quarter last year, which suggests a positive year-over-year growth rate of 1,300%. The company 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 $0.06 per share for the current year. For the next year, analysts anticipate that the business will post earnings of $0.14 per share, with EPS estimates ranging from $0.12 to $0.16. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for PRGX Global.
Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded PRGX Global from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. B. Riley set a $8.00 price objective on PRGX Global and gave the company a “buy” rating in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $7.00.
A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in PRGX Global by 5.0% during 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 purchasing an additional 34,620 shares during the last quarter. Thomson Horstmann & Bryant Inc. lifted its holdings in PRGX Global by 44.8% during 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 purchasing an additional 223,379 shares during the last quarter. Cadence Capital Management LLC lifted its holdings in PRGX Global by 9.2% during the 4th quarter. Cadence Capital Management LLC now owns 271,621 shares of the business services provider’s stock valued at $1,929,000 after purchasing an additional 22,783 shares during the last quarter. Millennium Management LLC acquired a new stake in PRGX Global during the 4th quarter valued at $713,000. Finally, GSA Capital Partners LLP lifted 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 purchasing an additional 1,584 shares during the last quarter. 70.83% of the stock is owned by institutional investors and hedge funds.
Shares of PRGX Global (NASDAQ:PRGX) opened at $7.95 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.25. PRGX Global has a twelve month low of $5.40 and a twelve month 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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