Resources Connection, Inc. (NASDAQ:RGP – Free Report) – Analysts at Noble Financial reduced their Q1 2027 earnings per share estimates for shares of Resources Connection in a report released on Friday, July 24th. Noble Financial analyst J. Gomes now anticipates that the company will earn ($0.26) per share for the quarter, down from their previous estimate of ($0.08). The consensus estimate for Resources Connection’s current full-year earnings is ($0.22) per share. Noble Financial also issued estimates for Resources Connection’s Q2 2027 earnings at ($0.24) EPS, Q3 2027 earnings at ($0.21) EPS, Q4 2027 earnings at ($0.05) EPS, FY2027 earnings at ($0.76) EPS and FY2028 earnings at ($0.30) EPS.
A number of other research analysts also recently issued reports on RGP. Zacks Research upgraded shares of Resources Connection from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. Weiss Ratings upgraded shares of Resources Connection from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 15th. Finally, Wall Street Zen raised shares of Resources Connection from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.00.
Resources Connection Price Performance
RGP stock opened at $4.07 on Thursday. Resources Connection has a 1-year low of $3.06 and a 1-year high of $5.55. The firm has a fifty day moving average price of $4.41 and a two-hundred day moving average price of $4.16. The firm has a market cap of $140.17 million, a price-to-earnings ratio of -3.39 and a beta of 0.55.
Resources Connection (NASDAQ:RGP – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.01. The firm had revenue of $106.11 million for the quarter, compared to analysts’ expectations of $106.76 million. Resources Connection had a negative return on equity of 4.63% and a negative net margin of 8.98%.
Institutional Investors Weigh In On Resources Connection
A number of institutional investors have recently added to or reduced their stakes in RGP. Marquette Asset Management LLC acquired a new position in shares of Resources Connection during the 2nd quarter valued at $309,000. Royal Bank of Canada lifted its holdings in shares of Resources Connection by 81.3% in the first quarter. Royal Bank of Canada now owns 35,224 shares of the company’s stock valued at $131,000 after buying an additional 15,796 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Resources Connection by 10.7% in the first quarter. Renaissance Technologies LLC now owns 311,200 shares of the company’s stock valued at $1,161,000 after buying an additional 30,000 shares during the period. Sei Investments Co. boosted its stake in Resources Connection by 111.5% during the first quarter. Sei Investments Co. now owns 1,329,568 shares of the company’s stock valued at $4,959,000 after buying an additional 700,943 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Resources Connection by 58.5% during the first quarter. PNC Financial Services Group Inc. now owns 24,636 shares of the company’s stock valued at $92,000 after buying an additional 9,094 shares in the last quarter. 93.23% of the stock is currently owned by institutional investors and hedge funds.
About Resources Connection
Resources Connection, Inc (NASDAQ: RGP) is a publicly traded professional services firm that specializes in providing independent consulting and project-based teams to help organizations manage critical business challenges. Operating under the RGP brand, the company connects highly skilled consultants with clients seeking support in areas such as finance and accounting, legal and risk management, supply chain optimization, technology implementation, and digital transformation.
RGP’s consultants bring specific industry and functional expertise to engagements, working on a flexible basis that allows clients to scale resources up or down as needed.
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