Resources Connection (NASDAQ:RGP) posted its quarterly earnings data on Tuesday. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.02), Fidelity Earnings reports. Resources Connection had a net margin of 3.78% and a return on equity of 9.70%. The business had revenue of $153.22 million during the quarter, compared to analysts’ expectations of $153.32 million. Resources Connection’s revenue for the quarter was down 17.0% compared to the same quarter last year.
Resources Connection stock traded down $1.23 during trading on Thursday, reaching $12.04. The stock had a trading volume of 7,240 shares, compared to its average volume of 234,979. Resources Connection has a 52-week low of $8.66 and a 52-week high of $16.79. The business has a 50 day moving average price of $12.60 and a 200 day moving average price of $12.02. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.28. The stock has a market cap of $390.40 million, a PE ratio of 15.51 and a beta of 1.09.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 17th. Investors of record on Thursday, November 19th were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, November 18th. This represents a $0.56 dividend on an annualized basis and a yield of 4.65%. Resources Connection’s dividend payout ratio is currently 57.14%.
Several research firms have recently commented on RGP. BidaskClub raised shares of Resources Connection from a “sell” rating to a “hold” rating in a research note on Thursday. TheStreet raised shares of Resources Connection from a “c+” rating to a “b-” rating in a research note on Friday, December 11th. Finally, ValuEngine raised shares of Resources Connection from a “sell” rating to a “hold” rating in a research note on Tuesday, December 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.33.
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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