PRGX Global, Inc. (PRGX) to Release Earnings on Wednesday
PRGX Global, Inc. (NASDAQ:PRGX) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 25th. Analysts expect PRGX Global to post earnings of $0.06 per share for the quarter.
PRGX Global (NASDAQ:PRGX) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. The firm had revenue of $38.51 million during the quarter, compared to analysts’ expectations of $37.06 million. PRGX Global had a positive return on equity of 0.30% and a negative net margin of 0.55%. On average, analysts expect PRGX Global to post $0.09 EPS for the current fiscal year and $0.09 EPS for the next fiscal year.
Shares of PRGX Global, Inc. (NASDAQ PRGX) opened at 7.30 on Monday. PRGX Global, Inc. has a 52-week low of $4.25 and a 52-week high of $7.40. The company’s 50-day moving average price is $6.94 and its 200-day moving average price is $6.51. The firm’s market cap is $163.42 million.
A number of brokerages recently weighed in on PRGX. Zacks Investment Research lowered shares of PRGX Global from a “buy” rating to a “hold” rating in a research note on Friday. B. Riley reaffirmed a “buy” rating and issued a $8.00 target price on shares of PRGX Global in a research note on Saturday, August 5th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $6.88.
In other news, Director Matthew A. Drapkin acquired 37,370 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were acquired at an average cost of $6.35 per share, with a total value of $237,299.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Strategic Opportunit Headlands acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was purchased at an average cost of $6.13 per share, for a total transaction of $122,600.00. The disclosure for this purchase can be found here. Insiders have bought 95,510 shares of company stock worth $598,368 over the last ninety days. Insiders own 14.96% of the company’s stock.
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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