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.
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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