Resources Connection (RGP) Set to Announce Quarterly Earnings on Tuesday

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

Resources Connection (NASDAQ:RGP) last announced its quarterly earnings results on Thursday, July 18th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.18. Resources Connection had a return on equity of 6.19% and a net margin of 3.32%. The business had revenue of $148.20 million for the quarter, compared to the consensus estimate of $140.59 million. During the same period last year, the business posted $0.39 EPS. The business’s revenue was down 19.7% compared to the same quarter last year. 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 Price Performance

Shares of RGP stock opened at $9.59 on Tuesday. Resources Connection has a 1-year low of $9.44 and a 1-year high of $15.44. The company has a market cap of $324.21 million, a P/E ratio of 14.53, a PEG ratio of 1.49 and a beta of 0.65. The stock’s 50-day moving average is $10.45 and its 200 day moving average is $11.13.

Resources Connection Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 23rd were paid a $0.14 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.56 annualized dividend and a yield of 5.84%. Resources Connection’s dividend payout ratio (DPR) is 84.85%.

Insider Activity at Resources Connection

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

Analyst Ratings Changes

Several brokerages recently issued reports on RGP. Noble Financial assumed coverage on Resources Connection in a research report on Wednesday, May 29th. They set an “outperform” rating and a $15.00 target price on the stock. StockNews.com cut Resources Connection from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Resources Connection from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Resources Connection presently has a consensus rating of “Hold” and an average target price of $13.00.

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.