Wall Street brokerages expect PRGX Global Inc (NASDAQ:PRGX) to post $45.31 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for PRGX Global’s earnings, with estimates ranging from $45.00 million to $45.62 million. PRGX Global posted sales of $39.18 million in the same quarter last year, which would indicate a positive year over year growth rate of 15.6%. The company is expected to report its next earnings report on Tuesday, February 27th.
According to Zacks, analysts expect that PRGX Global will report full year sales of $45.31 million for the current year, with estimates ranging from $159.55 million to $160.17 million. For the next financial year, analysts expect that the firm will report sales of $168.50 million per share, with estimates ranging from $167.00 million to $170.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover PRGX Global.
PRGX Global (NASDAQ:PRGX) last posted its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). PRGX Global had a negative net margin of 1.53% and a negative return on equity of 1.75%. The business had revenue of $42.47 million during the quarter, compared to analysts’ expectations of $40.56 million.
Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of PRGX Global from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a report on Wednesday, November 8th. B. Riley set a $8.00 price target on shares of PRGX Global and gave the company a “buy” rating in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $7.00.
PRGX Global (PRGX) opened at $7.55 on Wednesday. PRGX Global has a 1-year low of $5.35 and a 1-year high of $8.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.59 and a quick ratio of 1.59. The company has a market cap of $172.44, a P/E ratio of -68.64 and a beta of 1.08.
In other PRGX Global news, Director Matthew A. Drapkin purchased 35,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average price of $7.30 per share, for a total transaction of $255,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tushar K. Sachdev sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $7.01, for a total transaction of $70,100.00. The disclosure for this sale can be found here. Insiders purchased 71,942 shares of company stock worth $522,898 in the last 90 days. 14.96% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. OxFORD Asset Management LLP raised its stake in shares of PRGX Global by 74.7% during the second quarter. OxFORD Asset Management LLP now owns 18,858 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 8,063 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of PRGX Global by 161.4% during the second quarter. Tower Research Capital LLC TRC now owns 18,999 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 11,730 shares during the period. GSA Capital Partners LLP raised its stake in shares of PRGX Global by 3.7% during the second quarter. GSA Capital Partners LLP now owns 44,014 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 1,584 shares during the period. Cadence Capital Management LLC raised its stake in shares of PRGX Global by 5.1% during the third quarter. Cadence Capital Management LLC now owns 248,838 shares of the business services provider’s stock valued at $1,742,000 after purchasing an additional 12,063 shares during the period. Finally, Thomson Horstmann & Bryant Inc. raised its stake in shares of PRGX Global by 33.6% during the third quarter. Thomson Horstmann & Bryant Inc. now owns 498,740 shares of the business services provider’s stock valued at $3,491,000 after purchasing an additional 125,398 shares during the period. Institutional investors own 71.07% of the company’s stock.
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About PRGX Global
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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