Resources Connection (NASDAQ:RGP) Announces Earnings Results, Beats Estimates By $0.10 EPS

Resources Connection (NASDAQ:RGP) issued its quarterly earnings data 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. The firm had revenue of $156.60 million during the quarter, compared to analysts’ expectations of $151.49 million. Resources Connection had a net margin of 1.90% and a return on equity of 7.25%. The business’s quarterly revenue was down 6.8% on a year-over-year basis.

Shares of Resources Connection stock traded down $0.02 on Thursday, hitting $13.63. The company had a trading volume of 3,355 shares, compared to its average volume of 205,915. The firm has a market capitalization of $443.08 million, a P/E ratio of 35.92 and a beta of 1.04. Resources Connection has a twelve month low of $9.46 and a twelve month high of $14.56. 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 stock has a 50-day moving average of $13.49 and a 200-day moving average of $12.72.

The business also recently declared 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 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend was Wednesday, February 17th. Resources Connection’s dividend payout ratio (DPR) is presently 57.14%.

A number of research analysts recently issued reports on RGP shares. 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.

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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