Resources Connection - RGP Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Resources Connection in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" RGP shares.
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1 Wall Street research analysts have issued 12-month price targets for Resources Connection's shares. Their RGP share price forecasts range from $25.00 to $25.00. On average, they predict the company's stock price to reach $25.00 in the next year. This suggests a possible upside of 37.4% from the stock's current price.
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Resources Connection's stock was trading at $17.84 at the beginning of 2022. Since then, RGP stock has increased by 2.0% and is now trading at $18.19.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 5th 2022.
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Resources Connection will be holding an earnings conference call on Wednesday, October 5th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Resources Connection, Inc. (NASDAQ:RGP) posted its quarterly earnings data on Thursday, July, 28th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.41 by $0.19. The firm had revenue of $217.03 million for the quarter, compared to analyst estimates of $212.81 million. Resources Connection had a trailing twelve-month return on equity of 18.62% and a net margin of 8.34%.

Resources Connection declared a quarterly dividend on Thursday, July 28th. Stockholders of record on Wednesday, August 24th will be given a dividend of $0.14 per share on Wednesday, September 21st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Tuesday, August 23rd.
Read our dividend analysis for RGP.

Resources Connection (NASDAQ:RGP) pays an annual dividend of $0.56 per share and currently has a dividend yield of 3.05%. The dividend payout ratio is 28.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RGP will have a dividend payout ratio of 31.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RGP.

Resources Connection updated its first quarter 2023 earnings guidance on Monday, August, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $195.00 million-$200.00 million, compared to the consensus revenue estimate of $205.00 million.

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.

Resources Connection trades on the NASDAQ under the ticker symbol "RGP."

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.
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One share of RGP stock can currently be purchased for approximately $18.19.

Resources Connection (NASDAQ:RGP) has a market capitalization of $613.91 million and generates $805.02 million in revenue each year. The company earns $67.18 million in net income (profit) each year or $2.00 on an earnings per share basis.

The company employs 4,259 workers across the globe.

Resources Connection's mailing address is 17101 ARMSTRONG AVENUE, IRVINE CA, 92614. The official website for the company is www.rgp.com. The company can be reached via phone at (714) 430-6400, via email at investorinfo@rgp.com, or via fax at 714-428-6090.