Resources Connection (NASDAQ:RGP) Announces Quarterly Earnings Results

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Resources Connection (NASDAQ:RGP) announced its earnings results on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.10, Fidelity Earnings reports. The business had revenue of $156.60 million during the quarter, compared to analysts’ expectations of $151.49 million. Resources Connection had a net margin of 1.90% and a return on equity of 7.25%. The company’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 company’s 50 day moving average is $13.49 and its 200-day moving average is $12.72. Resources Connection has a 12-month low of $9.46 and a 12-month high of $14.56. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. The firm has a market cap of $443.73 million, a P/E ratio of 35.92 and a beta of 1.04.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 18th. Investors of record on Thursday, February 18th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.10%. The ex-dividend date was Wednesday, February 17th. Resources Connection’s dividend payout ratio (DPR) is presently 57.14%.

Several analysts recently commented on RGP shares. TheStreet raised Resources Connection from a “c+” rating to a “b-” rating in a research note on Friday, December 11th. Zacks Investment Research upgraded shares of Resources Connection from a “sell” rating to a “hold” rating in a research note on Wednesday, March 10th.

About Resources Connection

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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