PRGX Global (PRGX) Releases Earnings Results, Misses Expectations By $0.08 EPS

PRGX Global (NASDAQ:PRGX) announced its quarterly earnings results on Thursday. The business services provider reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08), Fidelity Earnings reports. The company had revenue of $42.10 million during the quarter, compared to the consensus estimate of $39.70 million. PRGX Global had a net margin of 1.64% and a return on equity of 4.60%.

Shares of PRGX stock traded down $0.15 on Friday, reaching $9.10. The company had a trading volume of 33,900 shares, compared to its average volume of 67,633. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market cap of $211.91 million, a PE ratio of 43.33, a price-to-earnings-growth ratio of 3.57 and a beta of 0.73. PRGX Global has a 12 month low of $5.78 and a 12 month high of $10.30.

A number of analysts have recently commented on PRGX shares. Barrington Research reaffirmed a “buy” rating on shares of PRGX Global in a research note on Friday, April 27th. ValuEngine raised PRGX Global from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. B. Riley upped their price target on PRGX Global from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research cut PRGX Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 3rd. Two equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. PRGX Global presently has a consensus rating of “Strong Buy” and a consensus target price of $11.33.

In other news, SVP Victor A. Allums sold 35,240 shares of the company’s stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $9.64, for a total value of $339,713.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew A. Drapkin bought 35,766 shares of the stock in a transaction that occurred on Thursday, May 31st. The shares were acquired at an average cost of $9.64 per share, with a total value of $344,784.24. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 138,118 shares of company stock valued at $1,316,511. 17.10% of the stock is currently owned by company insiders.

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 for PRGX Global (NASDAQ:PRGX)

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