Brokerages Anticipate PRGX Global Inc (PRGX) Will Post Earnings of $0.14 Per Share

Wall Street brokerages forecast that PRGX Global Inc (NASDAQ:PRGX) will post earnings of $0.14 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for PRGX Global’s earnings, with estimates ranging from $0.12 to $0.15. PRGX Global posted earnings per share of $0.01 in the same quarter last year, which would suggest a positive year over year growth rate of 1,300%. The firm is scheduled to issue its next earnings results on Tuesday, February 27th.

According to Zacks, 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 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 EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for PRGX Global.

A number of brokerages have issued reports on PRGX. B. Riley set a $8.00 target price on shares of PRGX Global and gave the company a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised shares of PRGX Global from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $7.00.

In other news, SVP Tushar K. Sachdev sold 10,000 shares of the business’s 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Matthew A. Drapkin acquired 35,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were bought at an average price of $7.30 per share, for a total transaction of $255,500.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 71,942 shares of company stock valued at $522,898. 14.96% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in shares of PRGX Global by 161.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 18,999 shares of the business services provider’s stock worth $123,000 after purchasing an additional 11,730 shares during the period. OxFORD Asset Management LLP increased its holdings 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 worth $123,000 after purchasing an additional 8,063 shares during the period. GSA Capital Partners LLP increased its holdings 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 worth $286,000 after purchasing an additional 1,584 shares during the period. Cadence Capital Management LLC increased its holdings 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 purchasing an additional 12,063 shares during the period. Finally, Thomson Horstmann & Bryant Inc. increased its holdings in shares of PRGX Global by 33.6% during the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 498,740 shares of the business services provider’s stock worth $3,491,000 after purchasing an additional 125,398 shares during the period. Institutional investors own 70.09% of the company’s stock.

Shares of PRGX Global (NASDAQ PRGX) opened at $7.85 on Friday. The stock has a market cap of $176.92, a price-to-earnings ratio of -196.25 and a beta of 1.08. PRGX Global has a 52 week low of $5.35 and a 52 week high of $8.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.59 and a current ratio of 1.59.

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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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