What is Noble Financial’s Estimate for RGP Q4 Earnings?

Resources Connection, Inc. (NASDAQ:RGP) – Equities researchers at Noble Financial issued their Q4 2027 earnings estimates for shares of Resources Connection in a note issued to investors on Friday, April 10th. Noble Financial analyst J. Gomes expects that the company will post earnings per share of $0.04 for the quarter.

Resources Connection (NASDAQ:RGP) last announced its quarterly earnings results on Wednesday, April 8th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). Resources Connection had a negative net margin of 20.16% and a negative return on equity of 0.55%. The company had revenue of $107.93 million during the quarter, compared to the consensus estimate of $108.19 million.

Separately, Wall Street Zen lowered shares of Resources Connection from a “hold” rating to a “sell” rating in a research note on Saturday. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.00.

Resources Connection Stock Performance

Shares of RGP opened at $3.77 on Tuesday. Resources Connection has a twelve month low of $3.06 and a twelve month high of $6.30. The firm’s 50 day moving average price is $3.76 and its two-hundred day moving average price is $4.40. The firm has a market cap of $129.42 million, a P/E ratio of -1.27 and a beta of 0.45.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. acquired a new stake in shares of Resources Connection in the fourth quarter valued at approximately $1,140,000. Brandes Investment Partners LP raised its holdings in shares of Resources Connection by 3.1% in the fourth quarter. Brandes Investment Partners LP now owns 1,442,645 shares of the company’s stock valued at $7,271,000 after purchasing an additional 43,369 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in shares of Resources Connection by 4.7% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 52,320 shares of the company’s stock valued at $264,000 after purchasing an additional 2,350 shares during the last quarter. Certior Financial Group LLC raised its holdings in shares of Resources Connection by 30.2% in the fourth quarter. Certior Financial Group LLC now owns 17,289 shares of the company’s stock valued at $87,000 after purchasing an additional 4,008 shares during the last quarter. Finally, Peapod Lane Capital LLC acquired a new stake in shares of Resources Connection in the fourth quarter valued at approximately $1,809,000. Institutional investors own 93.23% of the company’s stock.

Resources Connection Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, February 20th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.28 dividend on an annualized basis and a yield of 7.4%. Resources Connection’s payout ratio is presently -9.46%.

About Resources Connection

Resources Connection, Inc (NASDAQ: RGP) is a publicly traded professional services firm that specializes in providing independent consulting and project-based teams to help organizations manage critical business challenges. Operating under the RGP brand, the company connects highly skilled consultants with clients seeking support in areas such as finance and accounting, legal and risk management, supply chain optimization, technology implementation, and digital transformation.

RGP’s consultants bring specific industry and functional expertise to engagements, working on a flexible basis that allows clients to scale resources up or down as needed.