PRG-Schultz International Inc (PRGX)

[trendzone]

Shorty is going to pay for their manipulation actions.

[whytestocks]

News: $PRGX PRGX President and CEO Ron Stewart to Receive Legacy Award from Big Brothers Big Sisters of Metro Atlanta

ATLANTA, Sept. 06, 2019 (GLOBE NEWSWIRE) -- PRGX Global, Inc. (Nasdaq: PRGX), a global leader in Recovery Audit and Spend Analytics services, today announced that President and CEO Ron Stewart will be recognized by Big Brothers Big Sisters of Metro Atlanta (BBBSMA) with a Legacy Award for h...

Read the whole news PRGX - PRGX President and CEO Ron Stewart to Receive Legacy Award from Big Brothers Big Sisters of Metro Atlanta

[Golden Cross]

Revenues increase to $161.6 million in 17'

[Golden Cross]

PRGX Global, Inc. Announces Fourth Quarter and Full Year 2017 Financial Results
Date : 03/01/2018 @ 4:02PM
Source : GlobeNewswire Inc.
Stock : Prgx Global, Inc. (PRGX)
Quote : 8.5 0.55 (6.92%) @ 4:16PM

PRGX Global, Inc. Announces Fourth Quarter and Full Year 2017 Financial Results

PRG Schultz (NASDAQ:PRGX)

PRGX Global, Inc. (Nasdaq:PRGX), a global leader in Recovery Audit and Spend Analytics services, today announced its unaudited financial results for the fourth quarter and year ended December 31, 2017.
“We are pleased to report a strong finish for 2017, with fourth quarter revenue and adjusted EBITDA from continuing operations growing 17% and 41%, respectively, on a year-over-year, constant dollar basis. These results mark our sixth consecutive quarter of revenue and adjusted EBITDA growth. For the year, we grew revenue by over 14% and adjusted EBITDA from continuing operations by over 25% on a year-over-year, constant dollar basis, with each service line and region showing revenue growth on a constant dollar basis. Cash flow from operations in 2017 exceeded $13 million, an increase of over 30% compared to the prior year,” said Ron Stewart, president and chief executive officer.

“Four years ago, we laid out a strategy to refocus on our core recovery audit business and invest in people, processes and technology to drive growth and extend our client value proposition. Our 2017 performance confirms that we are making significant progress in our transformation journey, delivering meaningful, sustainable and more predictable growth,” continued Stewart.

“Looking ahead, we believe our ability to generate meaningful operating cash flow, coupled with our increasing financial strength and flexibility, positions us to continue growing in 2018 and beyond. For 2018, we are projecting continued growth, including year-over-year revenue growth in the range of 8% to 10% and adjusted EBITDA growth in the range of 17% to 22%,” concluded Stewart.

Consolidated Results from Continuing Operations for the Three Months Ended December 31, 2017

Consolidated revenue from continuing operations for the fourth quarter of 2017 was $47.1 million, compared to $39.2 million for the same period last year, an increase of 20.2%. Fourth quarter 2017 revenue from the Recovery Audit Services segments was $46.4 million compared to $38.1 million in the prior year, and from the Adjacent Services segment was $0.7 million compared to $1.1 million in 2016. On a constant dollar basis adjusted for changes in foreign exchange rates, revenue increased by 17.0% in the fourth quarter of 2017, compared to the same period in the prior year. On a constant dollar basis, revenue from the Recovery Audit Services segments increased 18.7% in the fourth quarter of 2017 compared to the same period in 2016.

Total cost of revenue from continuing operations for the fourth quarter of 2017 was $26.7 million, or 56.8% of revenue, compared to $23.9 million, or 60.9% of revenue, in the same period last year, representing a 4.1 % improvement as a percentage of revenue.

SG&A expenses from continuing operations for the fourth quarter of 2017 were $12.8 million, compared to $11.0 million in the prior year period. The increase in SG&A expenses was primarily attributable to operating costs associated with the Cost & Compliance Associates (“C&CA”) acquired business that was not in the prior year and incentive-based compensation expense.

Consolidated net income from continuing operations for the fourth quarter of 2017 was $5.7 million, or $0.26 per basic and diluted share, compared to net income of $0.2 million, or $0.01 per basic and diluted share, for the same period in 2016. The year-over-year change was primarily driven by the increase in revenue and improvement in cost of revenue and a $2.3 million acquisition-related income item resulting from an earn-out adjustment.

Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) from continuing operations for the fourth quarter of 2017 was $9.3 million, or 19.8% of revenue, compared to Adjusted EBITDA of $6.3 million, or 16.2% of revenue, in the fourth quarter of 2016, an increase of $3.0 million or 46.8%. Schedule 3 attached to this press release provides a reconciliation of net income (loss) to each of EBIT (Earnings Before Interest and Taxes), EBITDA and Adjusted EBITDA.

Consolidated Results from Continuing Operations for the Year Ended December 31, 2017

Consolidated revenue from continuing operations for the year ended December 31, 2017 was $161.6 million, compared to $140.8 million in 2016, an increase of 14.8%. On a constant dollar basis adjusted for changes in foreign exchange rates, revenue increased by 14.1% in the year ended December 31, 2017, compared to the prior year. On a constant dollar basis, revenue from the Recovery Audit Services segments increased 14.2% in the year ended December 31, 2017 compared to 2016. Revenue from the Adjacent Services segment increased 11.5% on a constant dollar basis for the year ended December 31, 2017 compared to the prior year.

Total cost of revenue from continuing operations for the year ended December 31, 2017 was $102.1 million, or 63.1% of revenue, compared to $91.3 million, or 64.8% of revenue, in 2016, an improvement of 1.7% as a percentage of revenue.

SG&A expenses from continuing operations for the year ended December 31, 2017 were $46.9 million, compared to $39.4 million in the prior year. The increase in SG&A expenses was primarily attributable to operating costs associated with the Lavante and C&CA acquired businesses that were not in the prior year and an increase in our stock-based compensation. The increase was partially offset by other cost reductions.

Consolidated net income from continuing operations for the year ended December 31, 2017 was $4.6 million, or $0.21 per basic and diluted share, compared to net income of $2.2 million, or $0.10 per basic and diluted share, for the prior year.

Adjusted EBITDA from continuing operations for the year ended December 31, 2017 was $21.3 million, or 13.2% of revenue, compared to Adjusted EBITDA of $16.6 million, or 11.8% of revenue, for the prior year, an increase of $4.8 million or 28.6%. Schedule 3 attached to this press release provides a reconciliation of net income (loss) to each of EBIT, EBITDA and Adjusted EBITDA.

Cash Flow and Liquidity

Net cash provided by operating activities for the fourth quarter of 2017 was $10.0 million, compared to $3.9 million in the fourth quarter of the prior year, and $13.5 million for the year ended December 31, 2017 compared to $10.1 million in in the prior year.

At December 31, 2017, the Company had unrestricted cash and cash equivalents of $18.8 million, and borrowings of $13.6 million against its $35.0 million revolving credit facility.

Fourth Quarter Earnings Call

As previously announced, management will hold a conference call later today at 5:00 PM (Eastern time) to discuss the Company’s fourth quarter and full year 2017 financial results. To access the conference call, listeners in the U.S. and Canada should dial [phone] at least 5 minutes prior to the start of the conference. Listeners outside the U.S. and Canada should dial [phone]. To be admitted to the call, listeners should use passcode 4470009.

This teleconference will also be audiocast on the Internet at www.prgx.com (click on "Events & Presentations" under "Investors"). A replay of the audiocast will be available at the same location on www.prgx.com beginning approximately two hours after the conclusion of the live audiocast, extending through June 30, 2018. Please note that the Internet audiocast is “listen-only.” Microsoft Windows Media Player is required to access the live audiocast and the replay and can be downloaded from www.microsoft.com/en-us/downloads.

About PRGX

PRGX Global, Inc. is a global leader in Recovery Audit and Spend Analytics services. With over 1,500 employees, the Company serves clients in more than 30 countries and provides its services to 75% of the top 20 global retailers and over 30% of the top 50 companies in the Fortune 500. PRGX delivers more than $1 billion in cash flow improvement for its clients each year. The creator of the recovery audit industry more than 40 years ago, PRGX continues to innovate through technology and expanded service offerings. In addition to Recovery Audit, PRGX provides Contract Compliance, Spend Analytics and Supplier Information Management services to improve clients' financial performance and manage risk. For additional information on PRGX, please visit www.prgx.com

[Golden Cross]

RSI ready to break into super powerzone

[Golden Cross]

New 52 week high today!

[UNDAUNTED]

Look at GOODWILL on the balance sheet, it represents over 21% of Assets. This is preposterous!

[UNDAUNTED]

10-Q is out...Another dismal qtr for the bottom line!

[UNDAUNTED]

Another anemic qtr with an EPS of $.05 cents! Share price is ridiculously inflated!

[UNDAUNTED]

3rd QTR numbers out, revenues are up 20% but costs have gone up dramatically too. When it is all said and done, the bottom line (Net Profit) is pretty anemic, $0.05 cents per share...These result are pretty bad but this stock seems to be highly manipulated???

[UNDAUNTED]

Well, I've been following this stock for 12 months and it is as manipulated as ever.

[UNDAUNTED]

Well, I've been following this stock for 12 months and it is as manipulated as ever.

[UNDAUNTED]

Well, I've been following this stock for 6 months now & I have to say it is one of the most manipulated stocks on the exchange.

[UNDAUNTED]

I have been following this stock daily for 3 months and it is obvious to me it is being manipulated by the company. It is one thing to have a stock repurchase program, it is another to try & manipulate the price on a daily, even hourly basis. I'm thinking the SEC needs to look into this one.

[Penny Roger$]

~ $PRGX ~ Daily Par Sar Buy Signal ~ Criteria alert triggered during a recent trading session!

$PRGX has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~







For a more in Depth study and DD profile, similar to the one contained in this link: ~ http://tinyurl.com/DDexample ~
Click the following link and type ticker or brief message asking me about the DD: ~ http://tinyurl.com/GET-THE-DD ~

What does the scan "Parabolic SAR Buy Signals" mean? Below is an image example and study link.
~ http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar ~


To find other similar posts of "PRGX" utilize the links that follow.
Search MACDgyver's "Parabolic SAR Buy Signals" posts: ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=ParSarBuyScan ~
Search MACDgyver's posts for symbol "PRGX": ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=PRGX ~
Search Ihub for "PRGX" posts: ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=PRGX ~


For more in depth training and information visit Chartschool on the Stockcharts page.
~ http://stockcharts.com/school/doku.php?id=chart_school ~


Also don't forget the Ihub Edu Channel.
~ http://investorshub.advfn.com/boards/education.aspx ~


c

[Paul From Brooklyn]

This stock has gone up 5 days in a row. Why is it being ignored here???? It broke the 50dayMA at 6.43.....Going to 7.00 at least, maybe will test highs of a year ago (8.40!!)

[Paul From Brooklyn]

Oh boy, I was looking to buy PGRX, and bought this by accident.....At least this is going up... :)

GLTA....

[Penny Roger$]

~ Wednesday! $PRGX ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $PRGX ~ Earnings expected on Wednesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=PRGX&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=PRGX&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=PRGX
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=PRGX#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=PRGX+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=PRGX
Finviz: http://finviz.com/quote.ashx?t=PRGX
~ BusyStock: http://busystock.com/i.php?s=PRGX&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=PRGX >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

[conix]

Watching PRGX for its bottom, LandAgent

[conix]

PRGX chart

[xk2]

maybe it was a trading opportunity.

legislation has been introduced and not passed, so...nothing is final yet.





PRG-Schultz Off On Calif Audit-Program Halt Proposal
Thursday 11/08/2007 4:38 PM ET - Dow Jones News
(Updates with no comment from company in fifth paragraph.) By Aja Carmichael
Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--Shares of PRG-Shultz International Inc. (PRGX) fell more than 32% Thursday after legislation was introduced to Congress calling for a one-year halt to the Centers for Medicare and Medicaid Services' recovery audit contract program.
Rep. Lois Capps, D-Calif., on Wednesday had introduced the act, to put a one-year moratorium on the auditing program, which has allegedly hurt hospitals that care for the elderly in California. The program is carried out by PRG-Shultz in California.
The legislation comes more than a month after the Centers for Medicare and Medicare Services ordered a pause in the auditing program after the California congressional delegation raised concerns that Atlanta-based PRG-Shultz was rejecting large numbers of claims by rehabilitation hospitals, according an article in the Sacramento Bee.
The rejections allegedly cost the hospitals millions of dollars for providing services to elderly patients recovering from knee and hip replacements.
A spokesperson from PRG-Shultz declined to comment.
According to the Sacramento Bee, PRG-Schultz won a three-year contract in 2005 to review old California Medicare claims to determine whether there were overcharges. The paper said the company rejected more than 90% of the claims submitted by hospitals for rehabilitation services to knee and hip replacement patients. PRG-Schultz gets up to 30% of the claims money it recovers, the paper said in a Nov. 2 article.
"A delay in the Recovery Audit Program is necessary because it is essential that medical judgment not be superseded by the views of accountants who earn their income from contingency fees," Rep. Capps said in a press release Thursday.
Shares of PRG-Schultz closed down $5.14, or 32%, at $10.95 on volume of 3.2 million compared with average daily volume of 117,900.

-By Aja Carmichael, Dow Jones Newswires; 201-938-5218; [e-mail]

[Land Agent]

They managed to lose millions of dollars -- IMHO --

[sam17]

What was reason for PPS falling down recently?? Any information please.

[Land Agent]

ALL bets are off -- the screwballs have run the pps down too much -- SORRY -- IMHO --

[Land Agent]

Perhaps $27.50 to $29.50 before XMAS -- IMHO --

[Land Agent]

$30.00 coming this FALL -- all aboard -- IMHO --

[Land Agent]

Only change -- AUGUST replaces July -- IMHO --

[Land Agent]

On TARGET for JULY and December -- great sponsorship -- IMHO --

[Land Agent]

PPS will SOAR -- $30.00 by JULY -- HOLD TIGHT -- $50.00 by DECEMBER -- IMHO --

[Buqqq]

So Bershire Fund sold out? and now the prise rises, why?

[Land Agent]

When they give us one share for our ten shares -- realism vanished for this company -- everything is big money now not pennies -- IMHO --

[labrador]

Please be realistic.

[Land Agent]

$30.00 just the same as $3. last year -- latest estimate $30.00 by XMAS -- IMHO --

[Land Agent]

$50.00 now is just the same as $5. last year -- not big money at all -- since we are reduced to just 10% of our last year's shares -- $50.00 by Mid-Year -- IMHO --

[Land Agent]

After January when the Demos take control of Congress -- watch this FLY -- IMHO --

[Land Agent]

If ANYONE knows of more potential ANYWHERE -- please do suggest same ????? -- For the next TWO years that is -- until the next national election -- IMHO --

[Land Agent]

Can you imagine $500.00 a share -- in 2008 -- with billions of revenue and 20% of all recoveries going to PRGX -- hard to imagine -- IMHO --

[Land Agent]

With the Democrats in control of Congress -- and DIANE a famous California Democrat and her husband BIG in PRGX -- can you imagine the GOVT. contracts coming to PRGX in 07 and 08 -- the SKY is the limit -- IMHO --

[fluxanimator]

Quarterly tomorrow morning. Look for relatively positive numbers. They are just about turned around.

[Land Agent]

Seems like few do right now -- when it hits $20.00 interest may pick-up -- IMHO --

[fluxanimator]

Nice pop yesterday. Anyone post here anymore?

[Land Agent]

$50.00 same as only $5. last year -- $100.00 same as $10. too -- BOTH coming in 07 -- IMHO --

[Land Agent]

MORE than that likely -- BIG profits are surely coming -- IMHO --

[shall143]

PRGX is going to the moon, enjoy the ride, $30 in six months.

[Land Agent]

Maybe $30.00 by January - Feb report -- same as $3.00 last year -- IMHO --

[Land Agent]

Next quarter is going up -- this is a gold mine in the making -- govt. contracts are beginning to pay off -- should be in double digits this Fall and Winter -- IMHO --

[Land Agent]

Between now and AUG this pps should wake up -- just a couple of weeks to go -- best wishes to all longs here -- IMHO --

[Land Agent]

With $300 million in annual revs. -- this is a $5. stock by such measure -- $5. will be a ten-bagger at these current prices -- time is running short -- a spike to $5. maybe in your future -- IMHO --

[Land Agent]

The company just put that in to cover all bases -- doesn't mean a thing -- don't believe everything you read -- IMHO --

[nofortunateson2]

Hot air?; the company has already stated that this may happen to avoid being delisted.