Brokerages Anticipate PRGX Global Inc (PRGX) Will Post Earnings of $0.24 Per Share

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Brokerages expect that PRGX Global Inc (NASDAQ:PRGX) will announce earnings per share (EPS) of $0.24 for the current quarter, according to Zacks. Two analysts have made estimates for PRGX Global’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.21. PRGX Global reported earnings of $0.19 per share in the same quarter last year, which suggests a positive year over year growth rate of 26.3%. The business is scheduled to report its next quarterly earnings report on Thursday, March 7th.

According to Zacks, analysts expect that PRGX Global will report full-year earnings of $0.12 per share for the current financial year, with EPS estimates ranging from $0.08 to $0.16. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.26 per share, with EPS estimates ranging from $0.22 to $0.29. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow PRGX Global.

PRGX Global (NASDAQ:PRGX) last issued its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. PRGX Global had a return on equity of 0.49% and a net margin of 1.21%. The business had revenue of $43.32 million for the quarter, compared to the consensus estimate of $44.80 million.

PRGX has been the topic of a number of recent analyst reports. TheStreet downgraded PRGX Global from a “b” rating to a “c+” rating in a research note on Friday, August 31st. B. Riley set a $12.00 price objective on PRGX Global and gave the company a “buy” rating in a research note on Friday, November 2nd. Zacks Investment Research downgraded PRGX Global from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 15th. Finally, Barrington Research reissued a “buy” rating and issued a $13.00 price objective on shares of PRGX Global in a research note on Wednesday, September 19th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $11.67.

In other PRGX Global news, major shareholder Strategic Opportunit Headlands purchased 13,959 shares of the company’s stock in a transaction on Thursday, September 27th. The shares were bought at an average cost of $8.56 per share, with a total value of $119,489.04. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Matthew A. Drapkin purchased 7,310 shares of the company’s stock in a transaction on Thursday, August 16th. The stock was acquired at an average cost of $8.95 per share, for a total transaction of $65,424.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 112,272 shares of company stock worth $1,024,482. Company insiders own 17.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Ramsey Quantitative Systems increased its position in PRGX Global by 110.4% in the 3rd quarter. Ramsey Quantitative Systems now owns 16,583 shares of the business services provider’s stock worth $144,000 after buying an additional 8,700 shares during the period. Macquarie Group Ltd. grew its holdings in shares of PRGX Global by 68.0% during the 2nd quarter. Macquarie Group Ltd. now owns 15,790 shares of the business services provider’s stock worth $153,000 after purchasing an additional 6,390 shares in the last quarter. Rhumbline Advisers acquired a new stake in shares of PRGX Global during the 2nd quarter worth approximately $165,000. JPMorgan Chase & Co. grew its holdings in shares of PRGX Global by 608.1% during the 1st quarter. JPMorgan Chase & Co. now owns 17,823 shares of the business services provider’s stock worth $168,000 after purchasing an additional 15,306 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan acquired a new stake in shares of PRGX Global during the 2nd quarter worth approximately $175,000. 80.08% of the stock is currently owned by institutional investors.

Shares of PRGX stock opened at $9.28 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.30. PRGX Global has a twelve month low of $6.95 and a twelve month high of $10.30. The company has a market capitalization of $215.88 million, a P/E ratio of 44.19, a P/E/G ratio of 6.44 and a beta of 0.61.

About PRGX Global

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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