Resources Connection (NASDAQ:RGP) Posts 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, 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 company had revenue of $156.60 million during the quarter, compared to the consensus estimate of $151.49 million. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year.

NASDAQ RGP opened at $13.65 on Thursday. The business has a 50 day simple moving average of $13.49 and a 200 day simple moving average of $12.72. Resources Connection has a one year low of $9.46 and a one year high of $14.56. The stock has a market capitalization of $443.73 million, a P/E 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 also recently announced a quarterly dividend, which was paid on Thursday, March 18th. Investors of record on Thursday, February 18th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, February 17th. This represents a $0.56 annualized dividend and a yield of 4.10%. Resources Connection’s dividend payout ratio is currently 57.14%.

A number of brokerages have recently issued reports on RGP. Zacks Investment Research upgraded Resources Connection from a “sell” rating to a “hold” rating in a research report on Wednesday, March 10th. TheStreet raised Resources Connection from a “c+” rating to a “b-” rating in a research note on Friday, December 11th.

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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Earnings History for Resources Connection (NASDAQ:RGP)

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