PRGX Global (PRGX) Releases Earnings Results, Beats Estimates By $0.05 EPS
PRGX Global (NASDAQ:PRGX) posted its quarterly earnings data on Thursday. The business services provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05, Bloomberg Earnings reports. The firm had revenue of $47.07 million during the quarter, compared to analysts’ expectations of $45.31 million. PRGX Global had a return on equity of 5.87% and a net margin of 1.97%.
Shares of PRGX Global (PRGX) opened at $7.95 on Friday. The firm has a market capitalization of $167.96, a PE ratio of 56.79 and a beta of 1.06. PRGX Global has a fifty-two week low of $5.40 and a fifty-two week high of $8.20. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.25.
PRGX has been the subject of several analyst reports. Zacks Investment Research upgraded PRGX Global from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a report on Wednesday, November 8th. Barrington Research increased their target price on PRGX Global to $11.00 and gave the company an “outperform” rating in a report on Friday.
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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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