Equities research analysts expect PRGX Global Inc (NASDAQ:PRGX) to announce earnings of $0.24 per share for the current fiscal quarter, Zacks reports. Two analysts have made 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 $0.19 in the same quarter last year, which indicates a positive year-over-year growth rate of 26.3%. The business is expected to announce its next quarterly earnings report on Thursday, March 7th.

On average, analysts expect that PRGX Global will report full-year earnings of $0.12 per share for the current year, with EPS estimates ranging from $0.08 to $0.16. For the next financial year, analysts forecast that the business will report earnings of $0.26 per share, with EPS estimates ranging from $0.22 to $0.29. Zacks’ earnings per share averages are an average based on a survey of research firms that follow PRGX Global.

PRGX Global (NASDAQ:PRGX) last issued its earnings results on Thursday, November 1st. The business services provider reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $43.32 million for the quarter, compared to analyst estimates of $44.80 million. PRGX Global had a net margin of 1.21% and a return on equity of 0.49%.

Several equities research analysts have commented on PRGX shares. Zacks Investment Research lowered shares of PRGX Global from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 15th. TheStreet lowered shares of PRGX Global from a “b” rating to a “c+” rating in a research report on Friday, August 31st. Barrington Research reaffirmed a “buy” rating and set a $13.00 price target on shares of PRGX Global in a research note on Wednesday, September 19th. Finally, B. Riley set a $12.00 price target on PRGX Global and gave the stock a “buy” rating in a research note on Friday, November 2nd. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $11.67.

In other news, major shareholder Strategic Opportunit Headlands purchased 13,959 shares of the business’s stock in a transaction dated Thursday, September 27th. The stock was acquired at an average price of $8.56 per share, with a total value of $119,489.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Matthew A. Drapkin purchased 24,600 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were purchased at an average cost of $9.17 per share, with a total value of $225,582.00. The disclosure for this purchase can be found here. Insiders have bought a total of 112,272 shares of company stock valued at $1,024,482 in the last ninety days. Corporate insiders own 17.10% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Ramsey Quantitative Systems raised its stake in PRGX Global by 110.4% in the 3rd quarter. Ramsey Quantitative Systems now owns 16,583 shares of the business services provider’s stock valued at $144,000 after purchasing an additional 8,700 shares during the last quarter. Macquarie Group Ltd. raised its stake in PRGX Global by 68.0% in the 2nd quarter. Macquarie Group Ltd. now owns 15,790 shares of the business services provider’s stock valued at $153,000 after purchasing an additional 6,390 shares during the last quarter. Rhumbline Advisers acquired a new position in PRGX Global in the 2nd quarter valued at about $165,000. JPMorgan Chase & Co. raised its stake in PRGX Global by 608.1% in the 1st quarter. JPMorgan Chase & Co. now owns 17,823 shares of the business services provider’s stock valued at $168,000 after purchasing an additional 15,306 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in PRGX Global in the 2nd quarter valued at about $175,000. 80.08% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ PRGX opened at $9.28 on Wednesday. The firm has a market cap of $215.88 million, a price-to-earnings ratio of 44.19, a P/E/G ratio of 6.44 and a beta of 0.61. PRGX Global has a one year low of $6.95 and a one year high of $10.30. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.57 and a current ratio of 1.57.

About PRGX Global

PRGX Global, Inc, together with its subsidiaries, provides recovery audit services to businesses and government agencies having payment transactions and procurement environments. It operates through three segments: Recovery Audit Services – Americas, Recovery Audit Services – Europe/Asia-Pacific, and Adjacent Services.

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

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