Resources Connection (NASDAQ:RGP) Releases Earnings Results, Beats Expectations By $0.10 EPS


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Resources Connection (NASDAQ:RGP) announced its earnings results on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.10, Fidelity Earnings reports. Resources Connection had a net margin of 1.90% and a return on equity of 7.25%. The firm had revenue of $156.60 million during the quarter, compared to analyst estimates of $151.49 million. The business’s quarterly revenue was down 6.8% compared to the same quarter last year.

NASDAQ RGP opened at $13.65 on Thursday. 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 stock has a market capitalization of $443.73 million, a PE ratio of 35.92 and a beta of 1.04. Resources Connection has a 12-month low of $9.46 and a 12-month high of $14.56. The company has a 50 day moving average price of $13.49 and a two-hundred day moving average price of $12.72.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 18th. Stockholders of record on Thursday, February 18th were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, February 17th. This represents a $0.56 annualized dividend and a dividend yield of 4.10%. Resources Connection’s dividend payout ratio is 57.14%.

Several brokerages recently commented on RGP. Zacks Investment Research raised Resources Connection from a “sell” rating to a “hold” rating in a report on Wednesday, March 10th. TheStreet raised Resources Connection from a “c+” rating to a “b-” rating in a research note on Friday, December 11th.

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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Earnings History for Resources Connection (NASDAQ:RGP)

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