Wall Street brokerages expect PRGX Global Inc (NASDAQ:PRGX) to post $0.24 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for PRGX Global’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.26. PRGX Global posted earnings per share of $0.26 in the same quarter last year, which would indicate a negative year-over-year growth rate of 7.7%. The company is scheduled to announce its next earnings results on Thursday, March 5th.
On average, analysts expect that PRGX Global will report full-year earnings of ($0.20) per share for the current financial year, with EPS estimates ranging from ($0.23) to ($0.17). For the next fiscal year, analysts anticipate that the company will post earnings of $0.23 per share, with EPS estimates ranging from $0.21 to $0.24. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover PRGX Global.
PRGX Global (NASDAQ:PRGX) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.04). PRGX Global had a negative net margin of 0.84% and a negative return on equity of 6.66%. The firm had revenue of $42.29 million for the quarter, compared to analysts’ expectations of $42.11 million.
Shares of PRGX opened at $4.22 on Friday. The stock has a market capitalization of $103.99 million, a price-to-earnings ratio of 30.14 and a beta of 0.59. PRGX Global has a 1 year low of $4.14 and a 1 year high of $9.68. The business’s 50 day simple moving average is $4.88 and its 200-day simple moving average is $5.75. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.16 and a quick ratio of 2.16.
In related news, Director Joseph E. Whitters acquired 5,000 shares of PRGX Global stock in a transaction on Tuesday, September 10th. The shares were bought at an average cost of $5.97 per share, with a total value of $29,850.00. Following the completion of the purchase, the director now directly owns 130,653 shares of the company’s stock, valued at approximately $779,998.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 17.75% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Zebra Capital Management LLC purchased a new stake in shares of PRGX Global in the third quarter valued at $71,000. Trellus Management Company LLC bought a new stake in shares of PRGX Global in the 3rd quarter worth about $796,000. California Public Employees Retirement System boosted its stake in shares of PRGX Global by 5.8% during the 3rd quarter. California Public Employees Retirement System now owns 96,607 shares of the business services provider’s stock worth $498,000 after purchasing an additional 5,300 shares during the period. BlackRock Inc. boosted its stake in shares of PRGX Global by 0.3% during the 2nd quarter. BlackRock Inc. now owns 1,658,623 shares of the business services provider’s stock worth $11,146,000 after purchasing an additional 5,683 shares during the period. Finally, Parametric Portfolio Associates LLC bought a new position in PRGX Global during the 2nd quarter valued at about $96,000. 73.43% of the stock is owned by institutional investors.
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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