Resources Connection (NASDAQ:RGP) posted its quarterly earnings results on Tuesday. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.02), Fidelity Earnings reports. Resources Connection had a return on equity of 9.70% and a net margin of 3.78%. The company had revenue of $153.22 million during the quarter, compared to the consensus estimate of $153.32 million. The business’s quarterly revenue was down 17.0% on a year-over-year basis.
Shares of RGP traded down $1.12 during midday trading on Thursday, hitting $12.15. The stock had a trading volume of 11,955 shares, compared to its average volume of 234,979. The company has a 50 day simple moving average of $12.60 and a two-hundred day simple moving average of $12.02. Resources Connection has a twelve month low of $8.66 and a twelve month high of $16.79. The firm has a market cap of $393.96 million, a price-to-earnings ratio of 15.51 and a beta of 1.09. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.63 and a quick ratio of 2.63.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 17th. Shareholders of record on Thursday, November 19th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, November 18th. This represents a $0.56 annualized dividend and a yield of 4.61%. Resources Connection’s dividend payout ratio is presently 57.14%.
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.
Further Reading: How mutual funds make money
Receive News & Ratings for Resources Connection Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resources Connection and related companies with MarketBeat.com's FREE daily email newsletter.