Resources Connection (NASDAQ:RGP) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Resources Connection (NASDAQ:RGP) released its quarterly earnings results on Tuesday. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02), Fidelity Earnings reports. The company had revenue of $153.22 million for the quarter, compared to the consensus estimate of $153.32 million. Resources Connection had a return on equity of 9.70% and a net margin of 3.78%. The company’s revenue was down 17.0% on a year-over-year basis.

Resources Connection stock traded down $1.12 during trading hours on Thursday, hitting $12.15. The stock had a trading volume of 11,955 shares, compared to its average volume of 234,979. The company has a 50-day moving average of $12.60 and a two-hundred day moving average of $12.02. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.28. The company has a market cap of $393.96 million, a PE ratio of 15.51 and a beta of 1.09. Resources Connection has a fifty-two week low of $8.66 and a fifty-two week high of $16.79.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 17th. Investors of record on Thursday, November 19th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, November 18th. This represents a $0.56 annualized dividend and a yield of 4.61%. Resources Connection’s payout ratio is 57.14%.

RGP has been the subject of several recent analyst reports. ValuEngine upgraded Resources Connection from a “sell” rating to a “hold” rating in a research note on Tuesday, December 1st. BidaskClub upgraded Resources Connection from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, TheStreet upgraded Resources Connection from a “c+” rating to a “b-” rating in a research note on Friday, December 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $12.33.

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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