Resources Connection (RGP) Set to Announce Earnings on Tuesday

Resources Connection (NASDAQ:RGP) will be releasing its earnings data after the market closes on Tuesday, October 1st. Analysts expect Resources Connection to post earnings of $0.04 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Resources Connection (NASDAQ:RGP) last posted its quarterly earnings results on Thursday, July 18th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.18. The business had revenue of $148.20 million for the quarter, compared to analyst estimates of $140.59 million. Resources Connection had a return on equity of 6.19% and a net margin of 3.32%. Resources Connection’s revenue for the quarter was down 19.7% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. On average, analysts expect Resources Connection to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Resources Connection Stock Down 3.5 %

Shares of RGP opened at $9.59 on Tuesday. The stock has a market capitalization of $324.21 million, a P/E ratio of 14.53, a PEG ratio of 1.49 and a beta of 0.65. The firm has a fifty day simple moving average of $10.45 and a two-hundred day simple moving average of $11.13. Resources Connection has a twelve month low of $9.44 and a twelve month high of $15.44.

Resources Connection Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.56 annualized dividend and a dividend yield of 5.84%. Resources Connection’s dividend payout ratio (DPR) is presently 84.85%.

Insider Buying and Selling at Resources Connection

In related news, Director Roger D. Carlile acquired 25,000 shares of the stock in a transaction dated Monday, July 22nd. The shares were purchased at an average cost of $11.25 per share, with a total value of $281,250.00. Following the transaction, the director now directly owns 25,000 shares in the company, valued at $281,250. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Resources Connection news, Director Roger D. Carlile bought 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were bought at an average price of $11.25 per share, with a total value of $281,250.00. Following the purchase, the director now owns 25,000 shares of the company’s stock, valued at $281,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jennifer Y. Ryu sold 11,650 shares of Resources Connection stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $11.25, for a total transaction of $131,062.50. Following the sale, the chief financial officer now owns 84,481 shares in the company, valued at approximately $950,411.25. The disclosure for this sale can be found here. Corporate insiders own 7.36% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on RGP shares. JPMorgan Chase & Co. lowered their price objective on shares of Resources Connection from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Tuesday, July 23rd. Noble Financial began coverage on Resources Connection in a research note on Wednesday, May 29th. They set an “outperform” rating and a $15.00 target price on the stock. Finally, StockNews.com downgraded Resources Connection from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Resources Connection has a consensus rating of “Hold” and a consensus price target of $13.00.

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 transactions, including integration and divestitures, bankruptcy/restructuring, going public readiness and support, financial process optimization, and system implementation; and regulations, such as accounting regulations, internal audit and compliance, data privacy and security, healthcare compliance, and regulatory compliance.