Resources Connection (RGP) Stock Price, News & Analysis

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Resources Connection in the last twelve months. 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 12-month price objectives for Resources Connection's stock. Their RGP share price targets range from $13.00 to $14.00. On average, they expect the company's share price to reach $13.50 in the next year. This suggests a possible upside of 20.4% from the stock's current price.
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Resources Connection's stock was trading at $14.17 at the start of the year. Since then, RGP shares have decreased by 20.9% and is now trading at $11.21.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 22nd 2024.
View our RGP earnings forecast.

Resources Connection, Inc. (NASDAQ:RGP) announced its quarterly earnings results on Wednesday, April, 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.18. The company 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 firm's quarterly revenue was down 19.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 earnings per share.

Resources Connection announced a quarterly dividend on Thursday, January 18th. Shareholders 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 5.00%. The ex-dividend date of this dividend 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 4.82%. 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 updated its fourth quarter 2024 earnings guidance on Thursday, April, 4th. The company provided 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.

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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