Resources Connection (NASDAQ:RGP) Issues Earnings Results

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Resources Connection (NASDAQ:RGP) released its earnings results on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.10, Fidelity Earnings reports. The company had revenue of $156.60 million during the quarter, compared to the consensus estimate of $151.49 million. Resources Connection had a net margin of 1.90% and a return on equity of 7.25%. The company’s revenue was down 6.8% on a year-over-year basis.

RGP traded down $0.02 during trading on Thursday, hitting $13.63. The stock had a trading volume of 3,355 shares, compared to its average volume of 205,915. The firm has a market cap of $443.08 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 current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.22. The company has a 50 day simple moving average of $13.49 and a 200-day simple moving average of $12.72.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 18th. Investors of record on Thursday, February 18th were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, February 17th. This represents a $0.56 annualized dividend and a yield of 4.11%. Resources Connection’s dividend payout ratio (DPR) is presently 57.14%.

A number of research firms have recently weighed in on RGP. Zacks Investment Research upgraded shares of Resources Connection from a “sell” rating to a “hold” rating in a report on Wednesday, March 10th. TheStreet upgraded shares of Resources Connection from a “c+” rating to a “b-” rating in a report on Friday, December 11th.

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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