Equities analysts predict that Resources Connection, Inc. (NASDAQ:RGP) will post earnings of $0.27 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Resources Connection’s earnings. Resources Connection reported earnings of $0.14 per share during the same quarter last year, which indicates a positive year over year growth rate of 92.9%. The firm is scheduled to issue its next earnings report on Wednesday, October 6th.
According to Zacks, analysts expect that Resources Connection will report full year earnings of $1.08 per share for the current year. For the next year, analysts anticipate that the company will post earnings of $1.15 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Resources Connection.
Resources Connection (NASDAQ:RGP) last announced its earnings results on Tuesday, July 20th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.53. Resources Connection had a return on equity of 11.55% and a net margin of 4.01%. The firm had revenue of $172.32 million for the quarter, compared to the consensus estimate of $165.68 million. During the same quarter in the previous year, the business earned $0.13 EPS. The company’s revenue was down 3.5% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently made changes to their positions in RGP. Lazard Asset Management LLC bought a new stake in shares of Resources Connection during the first quarter valued at approximately $42,000. Metropolitan Life Insurance Co NY boosted its holdings in Resources Connection by 54,187.5% in the second quarter. Metropolitan Life Insurance Co NY now owns 4,343 shares of the company’s stock worth $62,000 after purchasing an additional 4,335 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Resources Connection by 15.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,306 shares of the company’s stock worth $85,000 after purchasing an additional 843 shares during the last quarter. Fieldpoint Private Securities LLC boosted its holdings in Resources Connection by 11.5% in the second quarter. Fieldpoint Private Securities LLC now owns 6,597 shares of the company’s stock worth $95,000 after purchasing an additional 679 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Resources Connection in the second quarter worth approximately $174,000. 75.79% of the stock is owned by institutional investors and hedge funds.
Shares of Resources Connection stock traded up $0.05 during trading on Friday, hitting $15.15. The stock had a trading volume of 768 shares, compared to its average volume of 190,049. The firm has a market cap of $502.78 million, a price-to-earnings ratio of 19.87 and a beta of 1.03. Resources Connection has a 12 month low of $10.61 and a 12 month high of $16.50. The business’s 50-day moving average is $15.05 and its 200 day moving average is $14.53. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 23rd. Shareholders of record on Thursday, August 26th will be issued a $0.14 dividend. The ex-dividend date is Wednesday, August 25th. This represents a $0.56 annualized dividend and a yield of 3.70%. Resources Connection’s dividend payout ratio (DPR) is presently 49.12%.
About Resources Connection
Resources Connection Inc engages in the provision of business consulting services. It offers consulting and business initiative support services to its global client base in the areas of accounting, finance, corporate governance risk and compliance management, corporate advisory strategic communications and restructuring, information management, human capital, supply chain management, healthcare solutions, and legal and regulatory.
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