Wall Street brokerages expect PRGX Global Inc (NASDAQ:PRGX) to report earnings of $0.14 per share for the current quarter, Zacks reports. Two analysts have issued estimates for PRGX Global’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.12. PRGX Global reported earnings of $0.01 per share in the same quarter last year, which indicates a positive year over year growth rate of 1,300%. The company is expected to announce its next quarterly earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that PRGX Global will report full year earnings of $0.06 per share for the current fiscal year. For the next year, analysts forecast that the company will post earnings of $0.14 per share, with EPS estimates ranging from $0.12 to $0.16. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover PRGX Global.

PRGX has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of PRGX Global from a “hold” rating to a “buy” rating and set a $7.50 price objective on the stock in a report on Wednesday, October 18th. B. Riley set a $8.00 price objective on shares of PRGX Global and gave the company a “buy” rating in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. PRGX Global presently has a consensus rating of “Hold” and an average target price of $7.00.

In related 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 cost of $7.30 per share, for a total transaction of $255,500.00. The purchase was disclosed in a document filed with the SEC, which is available through this link. 14.96% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in PRGX. Thomson Horstmann & Bryant Inc. raised its stake in PRGX Global by 44.8% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 722,119 shares of the business services provider’s stock worth $5,127,000 after acquiring an additional 223,379 shares in the last quarter. Millennium Management LLC acquired a new stake in PRGX Global during the 4th quarter worth $713,000. Dimensional Fund Advisors LP raised its stake in PRGX Global by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 726,299 shares of the business services provider’s stock worth $4,721,000 after acquiring an additional 34,620 shares in the last quarter. Cadence Capital Management LLC raised its stake in PRGX Global by 9.2% during the 4th quarter. Cadence Capital Management LLC now owns 271,621 shares of the business services provider’s stock worth $1,929,000 after acquiring an additional 22,783 shares in the last quarter. Finally, Monashee Investment Management LLC acquired a new stake in PRGX Global during the 4th quarter worth $150,000. Hedge funds and other institutional investors own 70.83% of the company’s stock.

Shares of PRGX Global (NASDAQ:PRGX) opened at $7.60 on Thursday. PRGX Global has a fifty-two week low of $5.40 and a fifty-two week high of $8.00. The firm has a market cap of $166.84, a price-to-earnings ratio of -69.09 and a beta of 1.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.59 and a quick ratio of 1.59.

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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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