Zacks: Analysts Anticipate PRGX Global Inc (NASDAQ:PRGX) to Post $0.03 EPS

Equities research analysts forecast that PRGX Global Inc (NASDAQ:PRGX) will post $0.03 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for PRGX Global’s earnings. The highest EPS estimate is $0.08 and the lowest is ($0.02). PRGX Global reported earnings of $0.06 per share in the same quarter last year, which would indicate a negative year over year growth rate of 50%. The business is expected to report its next quarterly earnings results on Thursday, November 7th.

According to Zacks, analysts expect that PRGX Global will report full-year earnings of ($0.03) per share for the current year, with EPS estimates ranging from ($0.13) to $0.07. For the next year, analysts expect that the company will post earnings of $0.30 per share, with EPS estimates ranging from $0.22 to $0.37. Zacks’ EPS averages are an average based on a survey of research firms that cover PRGX Global.

PRGX Global (NASDAQ:PRGX) last announced its earnings results on Tuesday, July 30th. The business services provider reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.13). PRGX Global had a negative return on equity of 1.86% and a net margin of 0.85%. The firm had revenue of $41.97 million for the quarter, compared to analyst estimates of $44.96 million.



PRGX has been the topic of a number of analyst reports. Barrington Research restated a “buy” rating and set a $13.00 target price on shares of PRGX Global in a research report on Monday, April 29th. TheStreet lowered shares of PRGX Global from a “b” rating to a “c” rating in a report on Wednesday, May 1st. ValuEngine lowered shares of PRGX Global from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, Zacks Investment Research lowered shares of PRGX Global from a “hold” rating to a “strong sell” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.00.

In related news, Director Joseph E. Whitters purchased 5,000 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were bought at an average price of $6.93 per share, for a total transaction of $34,650.00. Following the acquisition, the director now directly owns 125,653 shares in the company, valued at $870,775.29. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders acquired 14,000 shares of company stock worth $96,180. 17.75% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. THB Asset Management increased its stake in PRGX Global by 8.6% during the 1st quarter. THB Asset Management now owns 1,185,899 shares of the business services provider’s stock worth $9,392,000 after buying an additional 94,100 shares during the period. Martingale Asset Management L P purchased a new stake in PRGX Global during the 1st quarter worth $264,000. Wells Fargo & Company MN increased its stake in PRGX Global by 44.4% during the 2nd quarter. Wells Fargo & Company MN now owns 81,153 shares of the business services provider’s stock worth $545,000 after buying an additional 24,946 shares during the period. Dimensional Fund Advisors LP increased its stake in PRGX Global by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 823,978 shares of the business services provider’s stock worth $7,803,000 after buying an additional 22,375 shares during the period. Finally, Wedge Capital Management L L P NC increased its stake in PRGX Global by 18.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 102,722 shares of the business services provider’s stock worth $814,000 after buying an additional 15,885 shares during the period. Institutional investors and hedge funds own 74.94% of the company’s stock.

NASDAQ PRGX traded down $0.06 during mid-day trading on Friday, reaching $5.10. 47,400 shares of the stock were exchanged, compared to its average volume of 39,262. PRGX Global has a 1-year low of $4.67 and a 1-year high of $10.02. The business’s fifty day simple moving average is $6.24 and its 200 day simple moving average is $7.47. The stock has a market capitalization of $125.83 million, a PE ratio of 36.43 and a beta of 0.63. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.94 and a current ratio of 1.97.

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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Earnings History and Estimates for PRGX Global (NASDAQ:PRGX)

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