-$0.11 Earnings Per Share Expected for PRGX Global Inc (PRGX) This Quarter

Equities research analysts expect that PRGX Global Inc (NASDAQ:PRGX) will post earnings of ($0.11) per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for PRGX Global’s earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.14). PRGX Global reported earnings per share of ($0.10) in the same quarter last year, which would suggest a negative year over year growth rate of 10%. The business is scheduled to issue its next quarterly earnings results on Tuesday, May 7th.

According to Zacks, analysts expect that PRGX Global will report full-year earnings of $0.28 per share for the current fiscal year, with EPS estimates ranging from $0.20 to $0.35. For the next year, analysts anticipate that the business will post earnings of $0.36 per share, with EPS estimates ranging from $0.28 to $0.44. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover PRGX Global.

PRGX Global (NASDAQ:PRGX) last posted its quarterly earnings data on Thursday, March 7th. The business services provider reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. PRGX Global had a net margin of 2.67% and a return on equity of 3.34%. The business had revenue of $49.63 million during the quarter, compared to analyst estimates of $52.44 million.

Several research analysts have recently commented on PRGX shares. B. Riley set a $12.00 price objective on shares of PRGX Global and gave the company a “buy” rating in a research note on Friday, March 8th. ValuEngine downgraded shares of PRGX Global from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Zacks Investment Research upgraded shares of PRGX Global from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Wednesday, January 2nd. Finally, Barrington Research reiterated an “outperform” rating on shares of PRGX Global in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $12.00.

In other news, Director Matthew A. Drapkin purchased 21,300 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $8.44 per share, for a total transaction of $179,772.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.10% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in PRGX Global by 20.2% in the fourth quarter. Bank of America Corp DE now owns 24,312 shares of the business services provider’s stock worth $230,000 after acquiring an additional 4,078 shares during the last quarter. Rhumbline Advisers raised its holdings in PRGX Global by 53.3% during the fourth quarter. Rhumbline Advisers now owns 26,633 shares of the business services provider’s stock worth $252,000 after purchasing an additional 9,262 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in PRGX Global by 14.5% during the fourth quarter. Bank of New York Mellon Corp now owns 76,465 shares of the business services provider’s stock worth $725,000 after purchasing an additional 9,704 shares in the last quarter. Geode Capital Management LLC raised its holdings in PRGX Global by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 240,963 shares of the business services provider’s stock worth $2,281,000 after purchasing an additional 11,833 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in PRGX Global by 0.8% during the fourth quarter. BlackRock Inc. now owns 1,694,213 shares of the business services provider’s stock worth $16,043,000 after purchasing an additional 13,111 shares in the last quarter. Institutional investors own 78.45% of the company’s stock.

NASDAQ PRGX opened at $7.65 on Wednesday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.32. PRGX Global has a one year low of $7.17 and a one year high of $10.30. The company has a market capitalization of $176.80 million, a PE ratio of 54.64, a price-to-earnings-growth ratio of 1.86 and a beta of 0.51.

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 worldwide. Its recovery audit services are based on the mining of clients' purchasing-related data for overpayments to the third-party suppliers.

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