Resources Connection (NASDAQ:RGP) Issues Q4 2021 Earnings Guidance

Resources Connection (NASDAQ:RGP) updated its fourth quarter 2021 earnings guidance on Tuesday. The company provided EPS guidance of – for the period. The company issued revenue guidance of $164 million-$167 million, compared to the consensus revenue estimate of $168.89 million.

Shares of RGP traded up $0.22 during trading hours on Tuesday, reaching $14.69. The company’s stock had a trading volume of 168,245 shares, compared to its average volume of 217,309. The company has a 50 day moving average of $13.95 and a two-hundred day moving average of $12.98. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. The firm has a market cap of $482.17 million, a price-to-earnings ratio of 38.47 and a beta of 1.04. Resources Connection has a 1-year low of $9.46 and a 1-year high of $14.79.

Resources Connection (NASDAQ:RGP) last released its quarterly earnings data on Tuesday, April 6th. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.10. The firm had revenue of $156.60 million for the quarter, compared to analyst estimates of $151.49 million. Resources Connection had a net margin of 1.90% and a return on equity of 7.25%. The company’s quarterly revenue was down 6.8% on a year-over-year basis. As a group, analysts forecast that Resources Connection will post 0.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Thursday, May 13th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Wednesday, May 12th. Resources Connection’s payout ratio is currently 57.14%.

Separately, Zacks Investment Research upgraded shares of Resources Connection from a hold rating to a buy rating and set a $16.00 price target on the stock in a report on Saturday, April 17th.

About Resources Connection

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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