Resources Connection (NASDAQ:RGP) Issues Earnings Results

Resources Connection (NASDAQ:RGP) released its quarterly earnings data on Tuesday. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.02), Fidelity Earnings reports. The firm had revenue of $153.22 million for the quarter, compared to the consensus estimate of $153.32 million. Resources Connection had a net margin of 3.78% and a return on equity of 9.70%. The business’s revenue for the quarter was down 17.0% compared to the same quarter last year.

RGP stock traded down $1.23 during midday trading on Thursday, hitting $12.04. The company’s stock had a trading volume of 8,447 shares, compared to its average volume of 234,979. The stock’s 50-day moving average price is $12.60 and its 200 day moving average price is $12.02. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.28. Resources Connection has a 1 year low of $8.66 and a 1 year high of $16.79. The stock has a market cap of $390.40 million, a price-to-earnings ratio of 15.51 and a beta of 1.09.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 17th. Shareholders of record on Thursday, November 19th were given a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, November 18th. This represents a $0.56 annualized dividend and a yield of 4.65%. Resources Connection’s dividend payout ratio is currently 57.14%.

RGP has been the subject of several recent research reports. TheStreet upgraded Resources Connection from a “c+” rating to a “b-” rating in a report on Friday, December 11th. BidaskClub upgraded Resources Connection from a “sell” rating to a “hold” rating in a report on Thursday. Finally, ValuEngine upgraded Resources Connection from a “sell” rating to a “hold” rating in a report on Tuesday, December 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $12.33.

Resources Connection Company Profile

Resources Connection, Inc provides consulting services to business customers under the Resources Global Professionals name in North America, Europe, and the Asia Pacific. The company offers services in the areas of business strategy and transformation, including program and project management, change management, transaction advisory, restructuring and bankruptcy advisory, executive search, human resources, supply chain, and legal services; and risk and compliance, such as information security and privacy, internal audit and compliance, and operational risk management areas.

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Earnings History for Resources Connection (NASDAQ:RGP)

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