Resources Connection Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Resources Connection in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Resources Connection stock.
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Wall Street analysts have given Resources Connection a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Resources Connection wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Resources Connection saw a increase in short interest in the month of February. As of February 26th, there was short interest totaling 373,100 shares, an increase of 38.0% from the February 11th total of 270,400 shares. Based on an average trading volume of 210,700 shares, the short-interest ratio is presently 1.8 days. Approximately 1.2% of the company's shares are short sold.
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Resources Connection is scheduled to release its next quarterly earnings announcement on Wednesday, July 28th 2021.
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Resources Connection, Inc. (NASDAQ:RGP) released its quarterly earnings data on Tuesday, April, 6th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.04) by $0.10. The company had revenue of $156.60 million for the quarter, compared to analysts' expectations of $151.49 million. Resources Connection had a net margin of 1.90% and a trailing twelve-month return on equity of 7.25%. The company's revenue was down 6.8% on a year-over-year basis.
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Resources Connection announced a quarterly dividend on Monday, January 25th. Stockholders of record on Thursday, February 18th will be paid a dividend of $0.14 per share on Thursday, March 18th. This represents a $0.56 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Wednesday, February 17th.
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Resources Connection pays an annual dividend of $0.56 per share and currently has a dividend yield of 3.92%. The dividend payout ratio of Resources Connection is 57.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Resources Connection will have a dividend payout ratio of 64.37% next year. This indicates that Resources Connection will be able to sustain or increase its dividend.
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1 Wall Street analysts have issued 12 month target prices for Resources Connection's shares. Their forecasts range from $15.00 to $15.00. On average, they expect Resources Connection's stock price to reach $15.00 in the next twelve months. This suggests a possible upside of 6.5% from the stock's current price.
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2 employees have rated Resources Connection CEO Michael J. (Mike) Bradley on Glassdoor.com. Michael J. (Mike) Bradley has an approval rating of 100% among Resources Connection's employees. This puts Michael J. (Mike) Bradley in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Resources Connection include CBIZ (CBZ), Cardtronics (CATM), B. Riley Financial (RILY), Conduent (CNDT), Radware (RDWR), GreenSky (GSKY), Tabula Rasa HealthCare (TRHC), QuinStreet (QNST), Capita (CTAGY), i3 Verticals (IIIV), Gravity (GRVY), OptimizeRx (OPRX), Viad (VVI), Advantage Solutions (ADV) and Qiwi (QIWI).
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Resources Connection trades on the NASDAQ under the ticker symbol "RGP."

Resources Connection's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (1.14%) and State of Alaska Department of Revenue (0.06%). Company insiders that own Resources Connection stock include Jennifer Y Ryu and Kate W Duchene.
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RGP stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue.
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RGP stock was acquired by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC.
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Shares of RGP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RGP stock can currently be purchased for approximately $14.09.

Resources Connection has a market capitalization of $458.04 million and generates $703.35 million in revenue each year. The company earns $28.28 million in net income (profit) each year or $0.98 on an earnings per share basis.

Resources Connection employs 2,347 workers across the globe.

The official website for Resources Connection is www.rgp.com.

Resources Connection is headquartered at 17101 ARMSTRONG AVENUE, IRVINE CA, 92614.

Resources Connection's mailing address is 17101 ARMSTRONG AVENUE, IRVINE CA, 92614. The company can be reached via phone at 714 430 6400 or via email at [email protected]