Resources Connection, Inc. (NASDAQ:RGP – Free Report) – Investment analysts at Noble Financial reduced their Q2 2027 EPS estimates for shares of Resources Connection in a research report issued to clients and investors on Friday, October 9th. Noble Financial analyst J. Gomes now forecasts that the company will earn ($0.29) per share for the quarter, down from their prior forecast of ($0.24). The consensus estimate for Resources Connection’s current full-year earnings is ($0.44) per share. Noble Financial also issued estimates for Resources Connection’s Q3 2027 earnings at ($0.23) EPS, Q4 2027 earnings at ($0.14) EPS, FY2027 earnings at ($0.87) EPS and FY2028 earnings at ($0.29) EPS.
Resources Connection (NASDAQ:RGP – Get Free Report) last announced its quarterly earnings results on Wednesday, October 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.01. Resources Connection had a negative net margin of 10.74% and a negative return on equity of 8.10%. The business had revenue of $98.09 million during the quarter, compared to the consensus estimate of $99.98 million.
Read Our Latest Stock Report on Resources Connection
Resources Connection Stock Down 2.8%
Shares of NASDAQ RGP opened at $2.73 on Wednesday. The stock has a market capitalization of $94.73 million, a price-to-earnings ratio of -2.01 and a beta of 0.56. Resources Connection has a 52 week low of $2.68 and a 52 week high of $5.36. The firm has a 50-day moving average price of $3.98 and a 200 day moving average price of $4.15.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Resources Connection during the 2nd quarter worth $4,825,000. Tieton Capital Management LLC acquired a new stake in Resources Connection in the 2nd quarter valued at about $11,975,000. Sei Investments Co. grew its stake in Resources Connection by 111.5% in the 1st quarter. Sei Investments Co. now owns 1,329,568 shares of the company’s stock valued at $4,959,000 after acquiring an additional 700,943 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Resources Connection during the 2nd quarter valued at about $830,000. Finally, North Star Investment Management Corp. increased its holdings in Resources Connection by 574.3% during the 1st quarter. North Star Investment Management Corp. now owns 236,000 shares of the company’s stock valued at $880,000 after acquiring an additional 201,000 shares in the last quarter. Hedge funds and other institutional investors own 93.23% of the company’s stock.
Resources Connection Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 3rd were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $0.28 annualized dividend and a yield of 10.3%. Resources Connection’s dividend payout ratio is -20.59%.
Resources Connection Company Profile
Resources Connection, Inc (NASDAQ:RGP), operating under the RGP brand, is a global consulting services company that helps organizations manage business-critical initiatives and transformation projects. The company provides experienced consultants and project teams to support clients on a flexible, project-based basis.
RGP’s services cover areas including finance and accounting, technology, supply chain and procurement, human resources, legal and compliance, risk management, and business transformation.
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