Resources Connection (RGP) Stock Price, News & Analysis

Company Overview

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. It provides transformations services comprising finance transformation, digital transformation, supply chain management, cloud migration, and data design and analytics. The company was formerly known as RC Transaction Corp. and changed its name to Resources Connection, Inc. in August 2000. Resources Connection, Inc. was founded in 1996 and is headquartered in Irvine, California.

Key Stats

• Today's Range: $9.90 to $10.18
• 50-Day Range: $9.56 to $11.94
• 52-Week Range: $9.44 to $15.44
• Volume: 208,625 shs
• Average Volume: 461,684 shs
• Market Capitalization: $333.70 million
• P/E Ratio: 15.11
• Dividend Yield: 5.62%
• Price Target: $13.00
• Consensus Rating: Hold

Resources Connection Stock Analysis - MarketRank™

Resources Connection scored higher than 94% of companies evaluated by MarketBeat, and ranked 20th out of 348 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Resources Connection has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Resources Connection has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 4.4 / 5
• Proj. Earnings Growth: 119.40%

Earnings Growth

Earnings for Resources Connection are expected to grow by 119.40% in the coming year, from $0.67 to $1.47 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Resources Connection is 15.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.60.

Price to Earnings Ratio vs. Sector

The P/E ratio of Resources Connection is 15.11, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 42.14.

Price to Earnings Growth Ratio

Resources Connection has a PEG Ratio of 0.99. PEG Ratios around 1 indicate that a company is correctly valued.

Price to Book Value per Share Ratio

Resources Connection has a P/B Ratio of 0.80. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.50% of the float of Resources Connection has been sold short.

Short Interest Ratio / Days to Cover

Resources Connection has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Resources Connection has recently increased by 30.36%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Resources Connection is a leading dividend payer. It pays a dividend yield of 5.68%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Resources Connection does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Resources Connection is 84.85%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Resources Connection will have a dividend payout ratio of 38.10% next year. This indicates that Resources Connection will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.50% of the float of Resources Connection has been sold short.

Short Interest Ratio / Days to Cover

Resources Connection has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Resources Connection has recently increased by 30.36%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.35

News Sentiment

Resources Connection has a news sentiment score of 0.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Resources Connection this week, compared to 2 articles on an average week.

Search Interest

Only 3 people have searched for RGP on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Resources Connection insiders have bought 114.59% more of their company's stock than they have sold. Specifically, they have bought $281,250.00 in company stock and sold $131,062.00 in company stock.

Percentage Held by Insiders

Only 7.36% of the stock of Resources Connection is held by insiders.

Percentage Held by Institutions

93.23% of the stock of Resources Connection is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

RGP Stock Analysis - Frequently Asked Questions

How have RGP shares performed this year?

Resources Connection's stock was trading at $14.17 at the beginning of the year. Since then, RGP shares have decreased by 29.6% and is now trading at $9.97.
View the best growth stocks for 2024 here.

How were Resources Connection's earnings last quarter?

Resources Connection, Inc. (NASDAQ:RGP) posted its quarterly earnings results on Thursday, July, 18th. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.19. The business's quarterly revenue was down 19.7% on a year-over-year basis.

Who are Resources Connection's major shareholders?

Top institutional shareholders of Resources Connection include Dimensional Fund Advisors LP (6.39%), AQR Capital Management LLC (2.49%), Millennium Management LLC (1.60%) and Bank of New York Mellon Corp (1.46%). Insiders that own company stock include Timothy L Brackney, Jennifer Y Ryu, Anthony Cherbak, Roger D Carlile, Donald B Murray, David P White, Maltzan Marco Von and Kate W Duchene.
View institutional ownership trends.

How do I buy shares of Resources Connection?

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.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 7/18/2024
• Ex-Dividend for 9/20 Dividend: 8/23/2024
• Today: 9/16/2024
• Dividend Payable: 9/20/2024
• Next Earnings (Estimated): 10/02/2024
• Fiscal Year End: 5/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Business services, not elsewhere classified
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:RGP
• CUSIP: N/A
• CIK: 1084765
• Web: www.rgp.com
• Phone: (714) 430-6400
• Fax: 714-428-6090
• Employees: 3,376
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $13.00
• High Stock Price Target: $15.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: +30.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.66
• Trailing P/E Ratio: 15.11
• Forward P/E Ratio: 14.88
• P/E Growth: 0.99
• Net Income: $21.03 million
• Net Margins: 3.32%
• Pretax Margin: 4.71%
• Return on Equity: 6.19%
• Return on Assets: 4.95%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.32
• Quick Ratio: 3.32

Sales & Book Value

• Annual Sales: $632.80 million
• Price / Sales: 0.53
• Cash Flow: $0.88 per share
• Price / Cash Flow: 11.31
• Book Value: $12.39 per share
• Price / Book: 0.80

Miscellaneous

• Outstanding Shares: 33,470,000
• Free Float: 31,319,000
• Market Cap: $333.70 million
• Optionable: Optionable
• Beta: 0.65