Noble Financial Issues Pessimistic Forecast for RGP Earnings

Resources Connection, Inc. (NASDAQ:RGP) – Equities researchers at Noble Financial lowered their Q2 2026 EPS estimates for Resources Connection in a research note issued to investors on Monday, October 13th. Noble Financial analyst J. Gomes now forecasts that the company will post earnings per share of ($0.05) for the quarter, down from their previous estimate of $0.04. Noble Financial currently has a “Outperform” rating on the stock. Noble Financial also issued estimates for Resources Connection’s Q3 2026 earnings at ($0.16) EPS, Q4 2026 earnings at $0.09 EPS, FY2026 earnings at ($0.16) EPS and FY2027 earnings at $0.29 EPS.

RGP has been the topic of several other reports. Wall Street Zen raised shares of Resources Connection from a “strong sell” rating to a “hold” rating in a report on Saturday, July 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Resources Connection in a report on Wednesday, October 8th. Finally, Northcoast Research initiated coverage on shares of Resources Connection in a report on Wednesday, September 24th. They set a “buy” rating and a $7.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $6.00.

Resources Connection Trading Up 4.3%

Shares of RGP opened at $4.59 on Thursday. Resources Connection has a 12 month low of $4.23 and a 12 month high of $9.96. The firm’s 50 day moving average is $4.92 and its 200-day moving average is $5.24. The stock has a market capitalization of $153.26 million, a PE ratio of -0.80, a P/E/G ratio of 9.78 and a beta of 0.62.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RGP. Royce & Associates LP boosted its position in Resources Connection by 9.1% in the first quarter. Royce & Associates LP now owns 2,063,619 shares of the company’s stock valued at $13,496,000 after buying an additional 172,158 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Resources Connection by 3.6% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,187,901 shares of the company’s stock valued at $7,769,000 after buying an additional 41,800 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Resources Connection by 13.6% in the first quarter. Russell Investments Group Ltd. now owns 946,400 shares of the company’s stock valued at $6,189,000 after buying an additional 113,614 shares in the last quarter. Invenomic Capital Management LP boosted its position in Resources Connection by 30.5% in the first quarter. Invenomic Capital Management LP now owns 788,952 shares of the company’s stock valued at $5,160,000 after buying an additional 184,335 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Resources Connection by 13.0% in the first quarter. AQR Capital Management LLC now owns 714,138 shares of the company’s stock valued at $4,670,000 after buying an additional 82,099 shares in the last quarter. 93.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Kate W. Duchene acquired 23,015 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were acquired at an average cost of $4.36 per share, with a total value of $100,345.40. Following the completion of the purchase, the chief executive officer directly owned 590,234 shares of the company’s stock, valued at $2,573,420.24. The trade was a 4.06% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony Cherbak sold 10,000 shares of Resources Connection stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $4.50, for a total transaction of $45,000.00. Following the completion of the transaction, the director directly owned 15,000 shares in the company, valued at $67,500. This trade represents a 40.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.91% of the company’s stock.

Resources Connection Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend was Friday, August 29th. Resources Connection’s dividend payout ratio (DPR) is -4.90%.

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 transactions, including integration and divestitures, bankruptcy/restructuring, going public readiness and support, financial process optimization, and system implementation; and regulations, such as accounting regulations, internal audit and compliance, data privacy and security, healthcare compliance, and regulatory compliance.