Q1 2025 EPS Estimates for Resources Connection, Inc. (NASDAQ:RGP) Lowered by Noble Financial

Resources Connection, Inc. (NASDAQ:RGP) – Noble Financial cut their Q1 2025 earnings estimates for Resources Connection in a research report issued on Monday, July 22nd. Noble Financial analyst J. Gomes now forecasts that the company will post earnings of ($0.04) per share for the quarter, down from their prior forecast of $0.02. Noble Financial has a “Outperform” rating and a $15.00 price objective on the stock. The consensus estimate for Resources Connection’s current full-year earnings is $0.69 per share. Noble Financial also issued estimates for Resources Connection’s Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.25 EPS and FY2025 earnings at $0.40 EPS.

RGP has been the topic of several other research reports. StockNews.com raised shares of Resources Connection from a “hold” rating to a “buy” rating in a report on Friday, July 19th. Robert W. Baird lowered their price target on shares of Resources Connection from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Resources Connection from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.00.

Resources Connection Stock Up 3.8 %

NASDAQ:RGP opened at $11.46 on Thursday. Resources Connection has a 12 month low of $9.70 and a 12 month high of $17.00. The firm has a market cap of $384.60 million, a price-to-earnings ratio of 17.36, a P/E/G ratio of 1.07 and a beta of 0.67. The company’s 50 day moving average is $10.84 and its 200-day moving average is $12.04.

Resources Connection (NASDAQ:RGP) last released its quarterly earnings results on Thursday, July 18th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was down 19.7% compared to the same quarter last year.

Institutional Trading of Resources Connection

Several institutional investors and hedge funds have recently added to or reduced their stakes in RGP. Circumference Group LLC bought a new stake in Resources Connection during the 4th quarter worth about $6,376,000. Invenomic Capital Management LP bought a new stake in shares of Resources Connection in the 1st quarter valued at about $3,855,000. Horrell Capital Management Inc. increased its stake in shares of Resources Connection by 45.6% in the 1st quarter. Horrell Capital Management Inc. now owns 655,000 shares of the company’s stock valued at $8,620,000 after acquiring an additional 205,000 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Resources Connection by 53.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 394,820 shares of the company’s stock valued at $5,196,000 after acquiring an additional 137,604 shares during the last quarter. Finally, Access Investment Management LLC increased its stake in shares of Resources Connection by 18,060.8% in the 1st quarter. Access Investment Management LLC now owns 88,080 shares of the company’s stock valued at $1,159,000 after acquiring an additional 87,595 shares during the last quarter. 93.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Roger D. Carlile purchased 25,000 shares of Resources Connection stock in a transaction that occurred on Monday, July 22nd. The shares were acquired at an average price of $11.25 per share, for a total transaction of $281,250.00. Following the transaction, the director now directly owns 25,000 shares in the company, valued at $281,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.36% of the stock is owned by corporate insiders.

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.