Resources Connection (NASDAQ:RGP) Announces Quarterly Earnings Results, Beats Estimates By $0.53 EPS

Resources Connection (NASDAQ:RGP) released its quarterly earnings data on Tuesday. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.53, Fidelity Earnings reports. Resources Connection had a net margin of 0.95% and a return on equity of 5.37%. The business had revenue of $172.32 million for the quarter, compared to analyst estimates of $165.68 million. During the same quarter last year, the firm earned $0.13 EPS. Resources Connection’s quarterly revenue was down 3.5% compared to the same quarter last year.

RGP stock traded up $1.91 during mid-day trading on Thursday, hitting $15.67. 18,871 shares of the company were exchanged, compared to its average volume of 110,444. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.17. The company has a market cap of $514.29 million, a price-to-earnings ratio of 72.42 and a beta of 1.01. The business has a 50 day simple moving average of $14.38. Resources Connection has a 1-year low of $10.61 and a 1-year high of $15.45.

Separately, Zacks Investment Research lowered shares of Resources Connection from a “buy” rating to a “hold” rating in a research note on Thursday, June 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.

Further Reading: Dollar Cost Averaging

Earnings History for Resources Connection (NASDAQ:RGP)

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