Wall Street analysts forecast that PRGX Global Inc (NASDAQ:PRGX) will announce sales of $35.00 million for the current quarter, according to Zacks. Two analysts have made estimates for PRGX Global’s earnings, with the highest sales estimate coming in at $35.50 million and the lowest estimate coming in at $34.49 million. PRGX Global reported sales of $33.57 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The company is scheduled to announce its next earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that PRGX Global will report full-year sales of $35.00 million for the current financial year, with estimates ranging from $174.59 million to $174.75 million. For the next year, analysts expect that the firm will report sales of $190.38 million per share, with estimates ranging from $188.75 million to $192.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for PRGX Global.
PRGX Global (NASDAQ:PRGX) last released its earnings results on Thursday, March 1st. The business services provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. PRGX Global had a net margin of 1.97% and a return on equity of 5.65%. The company had revenue of $47.07 million for the quarter, compared to analysts’ expectations of $45.31 million.
A number of equities research analysts have commented on the stock. ValuEngine upgraded shares of PRGX Global from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research cut shares of PRGX Global from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. TheStreet upgraded shares of PRGX Global from a “c+” rating to a “b+” rating in a research note on Tuesday, March 6th. Finally, Barrington Research raised their target price on shares of PRGX Global to $11.00 and gave the stock an “outperform” rating in a research note on Friday, March 2nd. Four research analysts have rated the stock with a buy rating, PRGX Global currently has a consensus rating of “Buy” and a consensus target price of $8.00.
NASDAQ PRGX remained flat at $$9.50 on Monday. 28,195 shares of the company’s stock were exchanged, compared to its average volume of 58,805. PRGX Global has a 12 month low of $5.40 and a 12 month high of $9.90. The company has a market cap of $212.82, a PE ratio of 63.33, a price-to-earnings-growth ratio of 4.00 and a beta of 0.82. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.60 and a current ratio of 1.60.
In other PRGX Global news, SVP Victor A. Allums sold 10,003 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $9.00, for a total transaction of $90,027.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 66,701 shares of company stock worth $589,968. 14.96% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in PRGX. Monashee Investment Management LLC bought a new stake in shares of PRGX Global during the fourth quarter valued at approximately $150,000. Millennium Management LLC bought a new stake in shares of PRGX Global during the fourth quarter valued at approximately $713,000. Cadence Capital Management LLC raised its position in shares of PRGX Global by 9.2% during the fourth quarter. Cadence Capital Management LLC now owns 271,621 shares of the business services provider’s stock valued at $1,929,000 after buying an additional 22,783 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. raised its position in shares of PRGX Global by 44.8% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 722,119 shares of the business services provider’s stock valued at $5,127,000 after buying an additional 223,379 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.
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PRGX Global Company Profile
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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