Resources Connection (NASDAQ:RGP) Issues Earnings Results, Beats Expectations By $0.01 EPS

Resources Connection (NASDAQ:RGP) announced its quarterly earnings data on Wednesday. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.01, FiscalAI reports. Resources Connection had a negative return on equity of 4.63% and a negative net margin of 8.98%.

Resources Connection Stock Up 1.4%

Shares of RGP stock traded up $0.05 during trading on Wednesday, hitting $3.74. The company had a trading volume of 747,828 shares, compared to its average volume of 426,577. Resources Connection has a 52 week low of $3.06 and a 52 week high of $5.36. The stock has a market capitalization of $129.78 million, a price-to-earnings ratio of -3.12 and a beta of 0.56. The stock’s 50-day moving average is $4.11 and its two-hundred day moving average is $4.17.

Resources Connection Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 3rd were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $0.28 annualized dividend and a dividend yield of 7.5%. Resources Connection’s payout ratio is presently -23.33%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Resources Connection in a report on Friday, September 11th. Wall Street Zen upgraded Resources Connection from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Research raised Resources Connection from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About Resources Connection

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.