Resources Connection (RGP) Stock Price, News & Analysis

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Resources Connection in the last year. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" RGP shares.
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2 brokers have issued twelve-month price objectives for Resources Connection's stock. Their RGP share price targets range from $13.00 to $14.00. On average, they predict the company's share price to reach $13.50 in the next year. This suggests a possible upside of 19.8% from the stock's current price.
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Resources Connection's stock was trading at $14.17 on January 1st, 2024. Since then, RGP stock has decreased by 20.5% and is now trading at $11.27.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 22nd 2024.
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Resources Connection, Inc. (NASDAQ:RGP) announced its quarterly earnings data on Wednesday, April, 3rd. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.18. The business earned $151.31 million during the quarter, compared to the consensus estimate of $152.77 million. Resources Connection had a trailing twelve-month return on equity of 6.86% and a net margin of 3.34%. The business's quarterly revenue was down 19.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 earnings per share.

Resources Connection announced a quarterly dividend on Thursday, January 18th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.14 per share on Thursday, March 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date is Wednesday, February 14th.
Read our dividend analysis for RGP.

Resources Connection (NASDAQ:RGP) pays an annual dividend of $0.56 per share and currently has a dividend yield of 5.09%. RGP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 84.85%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, RGP will have a dividend payout ratio of 60.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RGP.

Invesco S&P SmallCap High Dividend Low Volatility ETF holds 28,783 shares of RGP stock, representing 1.16% of its portfolio.

Resources Connection issued an update on its fourth quarter 2024 earnings guidance on Thursday, April, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $137.0 million-$142.0 million, compared to the consensus revenue estimate of $161.2 million.

2 employees have rated Resources Connection Chief Executive Officer Michael J. (Mike) Bradley on Glassdoor.com. Michael J. (Mike) Bradley has an approval rating of 100% among the company's employees. This puts Michael J. (Mike) Bradley in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Resources Connection's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.03%). Insiders that own company stock include Anthony Cherbak, David P White, Donald B Murray, Kate W Duchene, Maltzan Marco Von and Timothy L Brackney.
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Shares of RGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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