Resources Connection Stock Price, News & Analysis (NASDAQ:RGP) $13.86 -0.16 (-1.14%) (As of 11/27/2023 ET) Add Compare Share Share Today's Range$13.84▼$14.0550-Day Range$13.26▼$15.2952-Week Range$13.00▼$19.54Volume150,069 shsAverage Volume127,248 shsMarket Capitalization$467.08 millionP/E Ratio11.95Dividend Yield4.04%Price Target$14.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Resources Connection MarketRank™ Stock AnalysisAnalyst RatingReduce1.50 Rating ScoreUpside/Downside4.6% Upside$14.50 Price TargetShort InterestBearish2.39% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.94Based on 2 Articles This WeekInsider TradingSelling Shares$36,725 Sold Last QuarterProj. Earnings Growth64.86%From $0.74 to $1.22 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.06 out of 5 starsBusiness Services Sector212th out of 308 stocksBusiness Services, Not Elsewhere Classified Industry69th out of 89 stocks 0.8 Analyst's Opinion Consensus RatingResources Connection has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.50, Resources Connection has a forecasted upside of 4.6% from its current price of $13.86.Amount of Analyst CoverageResources Connection has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.39% of the float of Resources Connection has been sold short.Short Interest Ratio / Days to CoverResources Connection has a short interest ratio ("days to cover") of 4.6.Change versus previous monthShort interest in Resources Connection has recently increased by 11.84%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipResources Connection is a leading dividend payer. It pays a dividend yield of 3.99%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthResources Connection does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Resources Connection is 48.28%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Resources Connection will have a dividend payout ratio of 45.90% next year. This indicates that Resources Connection will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RGP. Previous Next 2.2 News and Social Media Coverage News SentimentResources Connection has a news sentiment score of 0.94. 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 higher news sentiment than the 0.59 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Resources Connection this week, compared to 2 articles on an average week. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Resources Connection insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $36,725.00 in company stock.Percentage Held by InsidersOnly 7.36% of the stock of Resources Connection is held by insiders.Percentage Held by Institutions83.96% of the stock of Resources Connection is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Resources Connection are expected to grow by 64.86% in the coming year, from $0.74 to $1.22 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Resources Connection is 11.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.48.Price to Earnings Ratio vs. SectorThe P/E ratio of Resources Connection is 11.95, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 27.12.Price to Book Value per Share RatioResources Connection has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Resources Connection Stock (NASDAQ:RGP)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.Read More RGP Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RGP Stock News HeadlinesNovember 26, 2023 | americanbankingnews.comComparing Experian (OTCMKTS:EXPGF) & Resources Connection (NASDAQ:RGP)November 15, 2023 | finance.yahoo.comResources Connection Acquires CloudGo Pte Ltd.November 28, 2023 | DTI Trader (Ad)Important info on NVDA tradeToday, I’m pulling back the curtain on my all-new Everyday Income project. A way for everyday folks to target a couple hundred bucks or more every single day the markets are open… Without breaking a sweat!November 10, 2023 | finance.yahoo.comHere's What We Like About Resources Connection's (NASDAQ:RGP) Upcoming DividendNovember 10, 2023 | finance.yahoo.comAre Resources Connection, Inc. (NASDAQ:RGP) Investors Paying Above The Intrinsic Value?November 3, 2023 | finance.yahoo.comRGP CEO explains companies' top 'transformation projects'October 31, 2023 | finance.yahoo.comRGP Study Finds C-Suite Leaders Are Shifting Their Workforce Strategies as They Take on More Transformation InitiativesOctober 19, 2023 | finance.yahoo.comRGP Study Finds Life Sciences M&A Deals Require Stronger Project ExecutionNovember 28, 2023 | DTI Trader (Ad)Important info on NVDA tradeToday, I’m pulling back the curtain on my all-new Everyday Income project. A way for everyday folks to target a couple hundred bucks or more every single day the markets are open… Without breaking a sweat!October 13, 2023 | finance.yahoo.comIt Looks Like Shareholders Would Probably Approve Resources Connection, Inc.'s (NASDAQ:RGP) CEO Compensation PackageOctober 7, 2023 | finance.yahoo.comWith 85% ownership, Resources Connection, Inc. (NASDAQ:RGP) boasts of strong institutional backingOctober 6, 2023 | markets.businessinsider.comWhy Consulting Firm Resources Connection Shares Are Sliding Today?October 6, 2023 | finance.yahoo.comResources Connection, Inc. (NASDAQ:RGP) Q1 2024 Earnings Call TranscriptOctober 5, 2023 | finance.yahoo.comQ1 2024 Resources Connection Inc Earnings CallOctober 4, 2023 | msn.comDow futures tick lower after major indices rebound, yields easeOctober 4, 2023 | finance.yahoo.comResources Connection Inc (RGP) Reports Q1 Fiscal 2024 Earnings: Revenue and Net Income DeclineOctober 4, 2023 | finance.yahoo.comResources Connection Reports Financial Results for First Quarter Fiscal 2024October 3, 2023 | benzinga.comEarnings Preview For Resources ConnectionSeptember 21, 2023 | finance.yahoo.comRGP Study Finds Financial Services Firms Are Challenged With Managing Data-Intensive ProjectsSeptember 20, 2023 | finance.yahoo.comResources Connection, Inc. to Announce Fiscal 2024 First Quarter Results on October 4, 2023September 20, 2023 | seekingalpha.comResources Connection: A Value Buy That's Leveraging Technology And FlexibilitySeptember 14, 2023 | finance.yahoo.comResources Connection to Participate in the Sidoti Virtual Investor ConferenceAugust 18, 2023 | finance.yahoo.comResources Connection (NASDAQ:RGP) Is Due To Pay A Dividend Of $0.14August 16, 2023 | finance.yahoo.comResources Connection Announces Appointment of Sue Collyns to Board of DirectorsAugust 3, 2023 | finance.yahoo.comResources Connection (NASDAQ:RGP) Has Affirmed Its Dividend Of $0.14July 27, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Industrial Goods Stocks: Crown Holdings (CCK), Zurn Water Solutions (ZWS) and Resources Connection (RGP)July 27, 2023 | finance.yahoo.comResources Connection, Inc. (NASDAQ:RGP) Q4 2023 Earnings Call TranscriptSee More Headlines Receive RGP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Resources Connection and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 9/21 Dividend8/23/2023Dividend Payable9/21/2023Last Earnings10/04/2023Ex-Dividend for 12/14 Dividend11/15/2023Today11/28/2023Dividend Payable12/14/2023Next Earnings (Estimated)1/03/2024Fiscal Year End5/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Business services, not elsewhere classified Sub-IndustryN/A SectorBusiness Services Current SymbolNASDAQ:RGP CUSIPN/A CIK1084765 Webwww.rgp.com Phone(714) 430-6400Fax714-428-6090Employees4,062Year FoundedN/APrice Target and Rating Average Stock Price Target$14.50 High Stock Price Target$15.00 Low Stock Price Target$14.00 Potential Upside/Downside+4.6%Consensus RatingReduce Rating Score (0-4)1.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$1.16 Trailing P/E Ratio11.95 Forward P/E Ratio18.73 P/E GrowthN/ANet Income$54.36 million Net Margins5.30% Pretax Margin7.10% Return on Equity11.35% Return on Assets8.73% Debt Debt-to-Equity RatioN/A Current Ratio3.02 Quick Ratio3.02 Sales & Book Value Annual Sales$775.64 million Price / Sales0.60 Cash Flow$2.13 per share Price / Cash Flow6.51 Book Value$12.34 per share Price / Book1.12Miscellaneous Outstanding Shares33,700,000Free Float31,218,000Market Cap$467.08 million OptionableOptionable Beta0.74 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. Donald B. Murray (Age 76)Co-Founder & Independent Chairman Comp: $400kMs. Kate W. Duchene (Age 60)CEO, Interim COO, President & Director Comp: $1.91MMs. Jennifer Y. Ryu (Age 48)CFO & Executive VP Comp: $1MMr. Michael AllenVice President of F&A and Technology & DigitalMr. Keith GoldenChief Information OfficerLauren A. ElkersonCorporate Secretary & Chief Legal OfficerJulie ShaverSenior Vice President of Corporate Development & StrategyMs. Katy ConwayChief People OfficerMs. Suzanne Stanton (Age 62)Senior Vice President of Revenue Ms. Joni NoelSenior Vice President of Healthcare & Private EquityMore ExecutivesKey CompetitorsAccoladeNASDAQ:ACCDMediaAlphaNYSE:MAXLiquidity ServicesNASDAQ:LQDTSpree Acquisition Corp. 1NYSE:SHAPViadNYSE:VVIView All CompetitorsInsiders & InstitutionsPublic Sector Pension Investment BoardSold 17,169 shares on 11/22/2023Ownership: 0.117%Walleye Capital LLCBought 22,648 shares on 11/21/2023Ownership: 0.067%Comerica BankBought 14,768 shares on 11/21/2023Ownership: 0.044%Jacobs Levy Equity Management Inc.Bought 66,937 shares on 11/17/2023Ownership: 0.585%Public Employees Retirement System of OhioBought 6,448 shares on 11/16/2023Ownership: 0.060%View All Insider TransactionsView All Institutional Transactions RGP Stock Analysis - Frequently Asked Questions Should I buy or sell Resources Connection stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Resources Connection in the last year. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" RGP shares. View RGP analyst ratings or view top-rated stocks. What is Resources Connection's stock price target for 2024? 2 Wall Street research analysts have issued 1 year price targets for Resources Connection's stock. Their RGP share price targets range from $14.00 to $15.00. On average, they predict the company's share price to reach $14.50 in the next year. This suggests a possible upside of 4.6% from the stock's current price. View analysts price targets for RGP or view top-rated stocks among Wall Street analysts. How have RGP shares performed in 2023? Resources Connection's stock was trading at $18.38 at the start of the year. Since then, RGP stock has decreased by 24.6% and is now trading at $13.86. View the best growth stocks for 2023 here. When is Resources Connection's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 3rd 2024. View our RGP earnings forecast. How were Resources Connection's earnings last quarter? Resources Connection, Inc. (NASDAQ:RGP) issued its earnings results on Wednesday, October, 4th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. The business earned $170.17 million during the quarter, compared to analyst estimates of $170.14 million. Resources Connection had a trailing twelve-month return on equity of 11.35% and a net margin of 5.30%. The business's revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 earnings per share. How often does Resources Connection pay dividends? What is the dividend yield for Resources Connection? Resources Connection declared a quarterly dividend on Thursday, October 19th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.14 per share on Thursday, December 14th. This represents a $0.56 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Wednesday, November 15th. Read our dividend analysis for RGP. Is Resources Connection a good dividend stock? Resources Connection (NASDAQ:RGP) pays an annual dividend of $0.56 per share and currently has a dividend yield of 3.99%. RGP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 48.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RGP will have a dividend payout ratio of 45.90% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for RGP. What ETF holds Resources Connection's stock ? Invesco S&P SmallCap High Dividend Low Volatility ETF holds 14,437 shares of RGP stock, representing 1.17% of its portfolio. What guidance has Resources Connection issued on next quarter's earnings? Resources Connection updated its second quarter 2024 earnings guidance on Thursday, October, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $160.00 million-$165.00 million, compared to the consensus revenue estimate of $177.93 million. What is Michael J. (Mike) Bradley's approval rating as Resources Connection's CEO? 2 employees have rated Resources Connection Chief Executive Officer Michael J. (Mike) Bradley on Glassdoor.com. Michael J. (Mike) Bradley has an approval rating of 100% among the company's employees. This puts Michael J. (Mike) Bradley in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. Who are Resources Connection's major shareholders? Resources Connection's stock is owned by a number of institutional and retail investors. Top institutional shareholders include AQR Capital Management LLC (1.65%), Charles Schwab Investment Management Inc. (1.59%), Bank of New York Mellon Corp (1.58%), Invesco Ltd. (1.44%), Northern Trust Corp (1.21%) and New York State Common Retirement Fund (1.21%). Insiders that own company stock include Anthony Cherbak, David P White, Donald B Murray, Kate W Duchene, Maltzan Marco Von and Timothy L Brackney. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. This page (NASDAQ:RGP) was last updated on 11/28/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Resources Connection, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.