Resources Connection (NASDAQ:RGP) Posts Earnings Results, Beats Expectations By $0.10 EPS

Resources Connection (NASDAQ:RGP) announced its quarterly earnings data on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.10, Fidelity Earnings reports. Resources Connection had a return on equity of 7.25% and a net margin of 1.90%. The company had revenue of $156.60 million for the quarter, compared to analysts’ expectations of $151.49 million. The business’s quarterly revenue was down 6.8% on a year-over-year basis.

Shares of NASDAQ RGP opened at $13.65 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.39. The stock’s fifty day moving average price is $13.49 and its two-hundred day moving average price is $12.72. Resources Connection has a one year low of $9.46 and a one year high of $14.56. The firm has a market cap of $443.73 million, a price-to-earnings ratio of 35.92 and a beta of 1.04.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 18th. Shareholders of record on Thursday, February 18th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date was Wednesday, February 17th. Resources Connection’s dividend payout ratio is 57.14%.

A number of equities research analysts recently weighed in on RGP shares. TheStreet upgraded Resources Connection from a “c+” rating to a “b-” rating in a research note on Friday, December 11th. Zacks Investment Research raised Resources Connection from a “sell” rating to a “hold” rating in a report on Wednesday, March 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.

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Earnings History for Resources Connection (NASDAQ:RGP)

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