Resources Connection (NASDAQ:RGP) released its quarterly earnings data on Tuesday. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $153.22 million for the quarter, compared to the consensus estimate of $153.32 million. The business’s revenue was down 17.0% compared to the same quarter last year.
RGP traded down $1.13 during midday trading on Thursday, reaching $12.14. 5,601 shares of the company were exchanged, compared to its average volume of 234,979. The company’s fifty day moving average price is $12.60 and its 200 day moving average price is $12.02. The company has a market cap of $393.64 million, a price-to-earnings ratio of 15.51 and a beta of 1.09. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.63 and a current ratio of 2.63. Resources Connection has a one year low of $8.66 and a one year high of $16.79.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 17th. Stockholders of record on Thursday, November 19th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, November 18th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.61%. Resources Connection’s dividend payout ratio (DPR) is presently 57.14%.
RGP has been the topic of a number of recent analyst reports. BidaskClub raised Resources Connection from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine raised Resources Connection from a “sell” rating to a “hold” rating in a research note on Tuesday, December 1st. Finally, TheStreet raised Resources Connection from a “c+” rating to a “b-” rating in a research note on Friday, December 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Resources Connection presently has an average rating of “Hold” and an average price target of $12.33.
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.
See Also: Investing in Growth Stocks
Receive News & Ratings for Resources Connection Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resources Connection and related companies with MarketBeat.com's FREE daily email newsletter.