Resources Connection (RGP) Scheduled to Post Quarterly Earnings on Tuesday

Resources Connection (NASDAQ:RGP) will issue its quarterly earnings data after the market closes on Tuesday, October 1st. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Resources Connection (NASDAQ:RGP) last posted its quarterly earnings results on Thursday, July 18th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.18. The business had revenue of $148.20 million for the quarter, compared to the consensus estimate of $140.59 million. Resources Connection had a return on equity of 6.19% and a net margin of 3.32%. The firm’s revenue for the quarter was down 19.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 EPS. On average, analysts expect Resources Connection to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Resources Connection Stock Performance

Shares of RGP opened at $9.46 on Monday. The firm has a market capitalization of $319.81 million, a P/E ratio of 14.33, a P/E/G ratio of 1.42 and a beta of 0.65. The stock has a 50 day moving average price of $10.32 and a two-hundred day moving average price of $10.98. Resources Connection has a 52 week low of $9.26 and a 52 week high of $15.44.

Resources Connection Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.92%. The ex-dividend date was Friday, August 23rd. Resources Connection’s dividend payout ratio (DPR) is 84.85%.

Wall Street Analysts Forecast Growth

RGP has been the topic of a number of research analyst reports. StockNews.com cut Resources Connection from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. JPMorgan Chase & Co. lowered their target price on shares of Resources Connection from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.00.

Insiders Place Their Bets

In other Resources Connection news, CFO Jennifer Y. Ryu sold 11,650 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $11.25, for a total transaction of $131,062.50. Following the completion of the transaction, the chief financial officer now owns 84,481 shares of the company’s stock, valued at approximately $950,411.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Resources Connection news, CFO Jennifer Y. Ryu sold 11,650 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $11.25, for a total value of $131,062.50. Following the completion of the sale, the chief financial officer now owns 84,481 shares of the company’s stock, valued at $950,411.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Roger D. Carlile acquired 25,000 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was purchased at an average cost of $11.25 per share, with a total value of $281,250.00. Following the purchase, the director now owns 25,000 shares of the company’s stock, valued at $281,250. The disclosure for this purchase can be found here. 7.36% of the stock is currently owned by company insiders.

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 transactions, including integration and divestitures, bankruptcy/restructuring, going public readiness and support, financial process optimization, and system implementation; and regulations, such as accounting regulations, internal audit and compliance, data privacy and security, healthcare compliance, and regulatory compliance.