Resources Connection (RGP) Scheduled to Post Quarterly Earnings on Tuesday

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

Resources Connection (NASDAQ:RGP) last issued its earnings results on Thursday, July 18th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.10 by $0.18. Resources Connection had a net margin of 3.32% and a return on equity of 6.19%. The company had revenue of $148.20 million for the quarter, compared to analyst estimates of $140.59 million. During the same period in the previous year, the firm earned $0.39 EPS. The business’s revenue was down 19.7% on a year-over-year basis. 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 Up 0.6 %

Resources Connection stock opened at $9.46 on Monday. Resources Connection has a 52 week low of $9.26 and a 52 week high of $15.44. The firm’s 50-day simple moving average is $10.32 and its 200 day simple moving average is $10.98. The firm has a market capitalization of $319.81 million, a PE ratio of 14.33, a P/E/G ratio of 1.42 and a beta of 0.65.

Resources Connection Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 23rd were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.92%. The ex-dividend date of this dividend was Friday, August 23rd. Resources Connection’s payout ratio is 84.85%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RGP shares. StockNews.com cut Resources Connection from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. JPMorgan Chase & Co. dropped their price target on Resources Connection from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.00.

Insider Activity at Resources Connection

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

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 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.