Zacks: Brokerages Anticipate PRGX Global Inc (PRGX) to Post $0.03 EPS

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Equities analysts expect PRGX Global Inc (NASDAQ:PRGX) to post earnings per share of $0.03 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for PRGX Global’s earnings, with estimates ranging from $0.01 to $0.04. PRGX Global posted earnings of $0.05 per share during the same quarter last year, which would suggest a negative year over year growth rate of 40%. The company is scheduled to report its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that PRGX Global will report full year earnings of $0.04 per share for the current year, with EPS estimates ranging from ($0.02) to $0.09. For the next financial year, analysts expect that the company will post earnings of $0.29 per share, with EPS estimates ranging from $0.28 to $0.29. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow PRGX Global.

PRGX Global (NASDAQ:PRGX) last announced its quarterly earnings data on Thursday, August 9th. The business services provider reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.08). The firm had revenue of $42.10 million for the quarter, compared to analysts’ expectations of $39.70 million. PRGX Global had a net margin of 0.28% and a return on equity of 0.06%.

Several equities analysts have recently issued reports on PRGX shares. Barrington Research reaffirmed a “buy” rating and issued a $13.00 price target on shares of PRGX Global in a research report on Wednesday, September 19th. Zacks Investment Research lowered PRGX Global from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 15th. ValuEngine raised PRGX Global from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 28th. Finally, TheStreet lowered PRGX Global from a “b” rating to a “c+” rating in a research report on Friday, August 31st. One research analyst has rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the stock. PRGX Global presently has a consensus rating of “Buy” and a consensus price target of $12.00.

In related news, Director Matthew A. Drapkin purchased 7,310 shares of the stock in a transaction dated Thursday, August 16th. The stock was purchased at an average price of $8.95 per share, with a total value of $65,424.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Strategic Opportunit Headlands purchased 13,959 shares of the stock in a transaction dated Thursday, September 27th. The stock was bought at an average cost of $8.56 per share, with a total value of $119,489.04. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 87,672 shares of company stock valued at $798,900. 17.10% of the stock is owned by insiders.

Large investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its position in PRGX Global by 1.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,842,550 shares of the business services provider’s stock worth $17,873,000 after buying an additional 31,950 shares during the last quarter. ClariVest Asset Management LLC raised its position in PRGX Global by 357.3% in the 2nd quarter. ClariVest Asset Management LLC now owns 147,353 shares of the business services provider’s stock worth $1,429,000 after buying an additional 115,131 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in PRGX Global in the 2nd quarter worth about $857,000. Algert Global LLC raised its position in PRGX Global by 108.4% in the 2nd quarter. Algert Global LLC now owns 169,798 shares of the business services provider’s stock worth $1,647,000 after buying an additional 88,330 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in PRGX Global by 608.1% in the 1st quarter. JPMorgan Chase & Co. now owns 17,823 shares of the business services provider’s stock worth $168,000 after buying an additional 15,306 shares during the last quarter. 79.51% of the stock is owned by institutional investors and hedge funds.

PRGX Global stock traded up $0.10 on Friday, hitting $8.45. 69,432 shares of the stock traded hands, compared to its average volume of 65,437. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $204.59 million, a P/E ratio of 40.24, a P/E/G ratio of 7.73 and a beta of 0.75. PRGX Global has a 1 year low of $6.65 and a 1 year high of $10.30.

PRGX Global Company Profile

PRGX Global, Inc, together with its subsidiaries, provides recovery audit services to businesses and government agencies having payment transactions and procurement environments. It operates through three segments: Recovery Audit Services ? Americas, Recovery Audit Services – Europe/Asia-Pacific, and Adjacent Services.

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

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