Resources Connection (NASDAQ:RGP) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Resources Connection (NASDAQ:RGP) announced its quarterly earnings results on Wednesday. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.01, FiscalAI reports. Resources Connection had a negative return on equity of 4.63% and a negative net margin of 8.98%.

Resources Connection Stock Performance

Shares of RGP stock traded up $0.05 during midday trading on Wednesday, hitting $3.74. 754,771 shares of the company were exchanged, compared to its average volume of 426,577. The firm’s 50 day moving average price is $4.11 and its two-hundred day moving average price is $4.17. Resources Connection has a 52 week low of $3.06 and a 52 week high of $5.36. The firm has a market capitalization of $129.78 million, a P/E ratio of -3.12 and a beta of 0.56.

Resources Connection Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 3rd were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Thursday, September 3rd. Resources Connection’s dividend payout ratio is presently -23.33%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wall Street Zen raised shares of Resources Connection from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research raised Resources Connection from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Resources Connection in a research note on Friday, September 11th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Resources Connection Company Profile

Resources Connection, Inc (NASDAQ:RGP), operating under the RGP brand, is a global consulting services company that helps organizations manage business-critical initiatives and transformation projects. The company provides experienced consultants and project teams to support clients on a flexible, project-based basis.

RGP’s services cover areas including finance and accounting, technology, supply chain and procurement, human resources, legal and compliance, risk management, and business transformation.