Resources Connection (NASDAQ:RGP) Issues Earnings Results

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

Shares of Resources Connection stock traded up $0.07 on Thursday, reaching $13.72. The company had a trading volume of 3,504 shares, compared to its average volume of 205,915. The firm has a market cap of $446.01 million, a price-to-earnings ratio of 35.92 and a beta of 1.04. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.39. The firm’s 50-day moving average price is $13.49 and its two-hundred day moving average price is $12.72. Resources Connection has a 1 year low of $9.46 and a 1 year high of $14.56.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 18th. Stockholders of record on Thursday, February 18th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Wednesday, February 17th. Resources Connection’s dividend payout ratio (DPR) is 57.14%.

A number of analysts have issued reports on the company. Zacks Investment Research raised Resources Connection from a “sell” rating to a “hold” rating in a research note 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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