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

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

Shares of RGP stock opened at $13.65 on Thursday. Resources Connection has a 1 year low of $9.46 and a 1 year high of $14.56. The firm has a market capitalization of $443.73 million, a P/E ratio of 35.92 and a beta of 1.04. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average price is $13.49 and its two-hundred day moving average price is $12.72.

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

A number of research firms recently issued reports on RGP. Zacks Investment Research raised Resources Connection from a “sell” rating to a “hold” rating in a report on Wednesday, March 10th. TheStreet upgraded shares of Resources Connection from a “c+” rating to a “b-” rating in a research report on Friday, December 11th.

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 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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