Resources Connection (NASDAQ:RGP) Issues Earnings Results

Resources Connection (NASDAQ:RGP) announced its quarterly earnings data on Wednesday. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.04), Zacks reports. Resources Connection had a negative net margin of 10.55% and a positive return on equity of 3.75%.

Resources Connection Trading Down 0.3 %

RGP stock traded down $0.02 during mid-day trading on Wednesday, hitting $6.63. The stock had a trading volume of 284,557 shares, compared to its average volume of 303,060. The firm has a fifty day simple moving average of $7.53 and a 200 day simple moving average of $8.23. Resources Connection has a 52 week low of $6.46 and a 52 week high of $12.61. The firm has a market capitalization of $219.39 million, a P/E ratio of -3.56 and a beta of 0.61.

Resources Connection Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.56 dividend on an annualized basis and a yield of 8.45%. Resources Connection’s payout ratio is -30.11%.

Resources Connection Company Profile

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.