Wall Street analysts predict that PRGX Global Inc (NASDAQ:PRGX) will report $52.44 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for PRGX Global’s earnings, with the highest sales estimate coming in at $52.50 million and the lowest estimate coming in at $52.38 million. PRGX Global posted sales of $47.07 million during the same quarter last year, which would indicate a positive year over year growth rate of 11.4%. The business is expected to announce its next quarterly earnings results on Thursday, March 7th.

On average, analysts expect that PRGX Global will report full-year sales of $174.58 million for the current fiscal year, with estimates ranging from $174.52 million to $174.64 million. For the next fiscal year, analysts expect that the firm will report sales of $188.79 million, with estimates ranging from $188.57 million to $189.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow PRGX Global.

PRGX Global (NASDAQ:PRGX) last posted its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. PRGX Global had a return on equity of 0.48% and a net margin of 1.21%. The firm had revenue of $43.32 million during the quarter, compared to the consensus estimate of $44.80 million.

PRGX has been the subject of several analyst reports. TheStreet raised PRGX Global from a “c+” rating to a “b” rating in a research report on Friday, November 2nd. B. Riley set a $12.00 target price on PRGX Global and gave the stock a “buy” rating in a research report on Friday, November 2nd. Barrington Research reaffirmed a “buy” rating and issued a $13.00 target price on shares of PRGX Global in a research report on Wednesday, September 19th. Finally, Zacks Investment Research raised PRGX Global from a “strong sell” rating to a “hold” rating and set a $10.00 target price for the company in a research report on Saturday, November 3rd. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. PRGX Global has a consensus rating of “Buy” and an average target price of $11.67.

In other PRGX Global news, Director Matthew A. Drapkin purchased 25,278 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The shares were acquired at an average price of $9.27 per share, for a total transaction of $234,327.06. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Strategic Opportunit Headlands purchased 13,959 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The stock was acquired at an average price of $8.56 per share, for a total transaction of $119,489.04. The disclosure for this purchase can be found here. Insiders bought 112,487 shares of company stock valued at $1,019,914 in the last ninety days. Company insiders own 17.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its stake in shares of PRGX Global by 1.8% in the second quarter. Renaissance Technologies LLC now owns 1,842,550 shares of the business services provider’s stock worth $17,873,000 after acquiring an additional 31,950 shares in the last quarter. BlackRock Inc. raised its stake in PRGX Global by 122.5% during the second quarter. BlackRock Inc. now owns 1,686,979 shares of the business services provider’s stock valued at $16,365,000 after buying an additional 928,628 shares in the last quarter. Vanguard Group Inc. raised its stake in PRGX Global by 3.9% during the third quarter. Vanguard Group Inc. now owns 1,140,649 shares of the business services provider’s stock valued at $9,923,000 after buying an additional 42,627 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in PRGX Global by 5.5% during the third quarter. Dimensional Fund Advisors LP now owns 801,603 shares of the business services provider’s stock valued at $6,974,000 after buying an additional 41,740 shares in the last quarter. Finally, 22NW LP raised its stake in PRGX Global by 9.5% during the second quarter. 22NW LP now owns 594,018 shares of the business services provider’s stock valued at $5,762,000 after buying an additional 51,556 shares in the last quarter. Institutional investors and hedge funds own 77.95% of the company’s stock.

PRGX stock traded down $0.11 during trading on Friday, reaching $9.25. 98,385 shares of the stock traded hands, compared to its average volume of 55,981. PRGX Global has a 52-week low of $6.95 and a 52-week high of $10.30. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.28. The company has a market cap of $220.35 million, a PE ratio of 44.05, a price-to-earnings-growth ratio of 6.57 and a beta of 0.67.

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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