Equities analysts forecast that PRGX Global Inc (NASDAQ:PRGX) will post earnings per share of $0.04 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for PRGX Global’s earnings, with the highest EPS estimate coming in at $0.07 and the lowest estimate coming in at $0.01. PRGX Global posted earnings of $0.05 per share in the same quarter last year, which indicates a negative year over year growth rate of 20%. The firm is scheduled to issue its next quarterly earnings results on Thursday, November 1st.

According to Zacks, analysts expect that PRGX Global will report full-year earnings of $0.04 per share for the current fiscal year, with EPS estimates ranging from ($0.02) to $0.10. For the next year, analysts forecast that the business will report earnings of $0.30 per share, with EPS estimates ranging from $0.29 to $0.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for PRGX Global.

PRGX Global (NASDAQ:PRGX) last posted its earnings results on Thursday, August 9th. The business services provider reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.08). The company had revenue of $42.10 million for the quarter, compared to analyst estimates of $39.70 million. PRGX Global had a return on equity of 0.06% and a net margin of 0.28%.

Several research firms have recently issued reports on PRGX. ValuEngine upgraded PRGX Global from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 28th. TheStreet lowered PRGX Global from a “b” rating to a “c+” rating in a research report on Friday, August 31st. Finally, Zacks Investment Research lowered PRGX Global from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 15th. One research analyst has rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $11.33.

In related news, Director Matthew A. Drapkin bought 22,223 shares of the firm’s stock in a transaction dated Wednesday, June 13th. The stock was bought at an average cost of $9.30 per share, for a total transaction of $206,673.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought a total of 85,736 shares of company stock valued at $789,389 over the last 90 days. Corporate insiders own 17.10% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. boosted its position in PRGX Global by 68.0% during the 2nd quarter. Macquarie Group Ltd. now owns 15,790 shares of the business services provider’s stock worth $153,000 after acquiring an additional 6,390 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in PRGX Global by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 732,777 shares of the business services provider’s stock worth $6,925,000 after acquiring an additional 12,182 shares during the last quarter. JPMorgan Chase & Co. boosted its position in PRGX Global by 608.1% during the 1st quarter. JPMorgan Chase & Co. now owns 17,823 shares of the business services provider’s stock worth $168,000 after acquiring an additional 15,306 shares during the last quarter. Rhumbline Advisers acquired a new position in PRGX Global during the 2nd quarter worth approximately $165,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in PRGX Global during the 2nd quarter worth approximately $175,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

Shares of PRGX Global stock traded up $0.30 during trading on Friday, hitting $9.80. 97,176 shares of the company were exchanged, compared to its average volume of 52,645. The firm has a market capitalization of $230.46 million, a P/E ratio of 46.67, a PEG ratio of 19.60 and a beta of 0.74. PRGX Global has a 1-year low of $6.55 and a 1-year high of $10.30. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.30.

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. 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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