RGP Stock Earnings Estimates Decreased by Noble Financial

Resources Connection, Inc. (NASDAQ:RGP - Free Report) - Equities research analysts at Noble Financial lowered their Q2 2027 EPS estimates for Resources Connection in a research report issued to clients and investors on Friday, October 9th. Noble Financial analyst J. Gomes now expects that the company will earn ($0.29) per share for the quarter, down from their previous estimate of ($0.24). The consensus estimate for Resources Connection's current full-year earnings is ($0.44) per share. Noble Financial also issued estimates for Resources Connection's Q3 2027 earnings at ($0.23) EPS, Q4 2027 earnings at ($0.14) EPS, FY2027 earnings at ($0.87) EPS and FY2028 earnings at ($0.29) EPS.

Several other brokerages also recently weighed in on RGP. Weiss Ratings downgraded Resources Connection from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Thursday, October 8th. Wall Street Zen lowered Resources Connection from a "hold" rating to a "sell" rating in a report on Sunday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Reduce".

Resources Connection Stock Down 2.8%

RGP opened at $2.73 on Wednesday. Resources Connection has a 52 week low of $2.68 and a 52 week high of $5.36. The business has a 50 day moving average price of $3.98 and a two-hundred day moving average price of $4.15. The company has a market cap of $94.73 million, a PE ratio of -2.01 and a beta of 0.56.

Resources Connection (NASDAQ:RGP - Get Free Report) last released its quarterly earnings results on Wednesday, October 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.17) by $0.01. The firm had revenue of $98.09 million for the quarter, compared to analyst estimates of $99.98 million. Resources Connection had a negative return on equity of 8.10% and a negative net margin of 10.74%.

Resources Connection Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 3rd were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date was Thursday, September 3rd. Resources Connection's payout ratio is -20.59%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RGP. Tieton Capital Management LLC purchased a new position in shares of Resources Connection during the 2nd quarter worth approximately $11,975,000. Circumference Group LLC lifted its holdings in shares of Resources Connection by 7.8% in the 4th quarter. Circumference Group LLC now owns 1,389,243 shares of the company's stock valued at $7,002,000 after buying an additional 100,000 shares during the period. Sei Investments Co. lifted its holdings in shares of Resources Connection by 111.5% in the 1st quarter. Sei Investments Co. now owns 1,329,568 shares of the company's stock valued at $4,959,000 after buying an additional 700,943 shares during the period. BlackRock Inc. acquired a new stake in shares of Resources Connection in the 2nd quarter valued at approximately $4,825,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Resources Connection by 10.7% in the 1st quarter. Renaissance Technologies LLC now owns 311,200 shares of the company's stock valued at $1,161,000 after buying an additional 30,000 shares during the period. 93.23% of the stock is currently owned by institutional investors and hedge funds.

Resources Connection Company Profile

Resources Connection, Inc NASDAQ: RGP, operating under the RGP brand, is a global consulting services company that helps organizations manage business-critical initiatives and transformation projects. The company provides experienced consultants and project teams to support clients on a flexible, project-based basis.

RGP's services cover areas including finance and accounting, technology, supply chain and procurement, human resources, legal and compliance, risk management, and business transformation.

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