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 .

Resources Connection Stock Price, News & Analysis (NASDAQ:RGP)

$13.86

-0.16 (-1.14%)

(As of 11/27/2023 ET)

Compare

Today's Range: $13.84
▼
$14.05
50-Day Range: $13.26
▼
$15.29
52-Week Range: $13.00
▼
$19.54

Volume: 150,069 shs
Average Volume: 127,248 shs
Market Capitalization: $467.08 million

P/E Ratio: 11.95
Dividend Yield: 4.04%
Price Target: $14.50

Resources Connection MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.50 Rating Score
Upside/Downside: 4.6% Upside
$14.50 Price Target
Short Interest: Bearish
2.39% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.94
Based on 2 Articles This Week
Insider Trading: Selling Shares
$36,725 Sold Last Quarter
Proj. Earnings Growth: 64.86%
From $0.74 to $1.22 Per Share

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 stars

Business Services Sector

212th out of 308 stocks

Business Services, Not Elsewhere Classified Industry

69th out of 89 stocks

0.8

Analyst's Opinion

Consensus Rating
Resources 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/Downside
According 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 Coverage
Resources Connection has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.39% 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 4.6.
Change versus previous month
Short interest in Resources Connection has recently increased by 11.84%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Resources 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 Growth
Resources Connection does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Resources Connection is 48.28%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based 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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RGP.

2.2

News and Social Media Coverage

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

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
Only 7.36% of the stock of Resources Connection is held by insiders.
Percentage Held by Institutions
83.96% of the stock of Resources Connection is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The 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. Sector
The 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 Ratio
Resources 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.

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.

RGP Stock Price History

30 days | 90 days | 365 days | Advanced Chart

RGP Stock News Headlines

November 26, 2023 | americanbankingnews.com

Comparing Experian (OTCMKTS:EXPGF) & Resources Connection (NASDAQ:RGP)

November 15, 2023 | finance.yahoo.com

Resources Connection Acquires CloudGo Pte Ltd.

November 28, 2023 | DTI Trader (Ad)

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November 10, 2023 | finance.yahoo.com

Here's What We Like About Resources Connection's (NASDAQ:RGP) Upcoming Dividend

November 10, 2023 | finance.yahoo.com

Are Resources Connection, Inc. (NASDAQ:RGP) Investors Paying Above The Intrinsic Value?

November 3, 2023 | finance.yahoo.com

RGP CEO explains companies' top 'transformation projects'

October 31, 2023 | finance.yahoo.com

RGP Study Finds C-Suite Leaders Are Shifting Their Workforce Strategies as They Take on More Transformation Initiatives

October 19, 2023 | finance.yahoo.com

RGP Study Finds Life Sciences M&A Deals Require Stronger Project Execution

November 28, 2023 | DTI Trader (Ad)

Important info on NVDA trade

October 13, 2023 | finance.yahoo.com

It Looks Like Shareholders Would Probably Approve Resources Connection, Inc.'s (NASDAQ:RGP) CEO Compensation Package

October 7, 2023 | finance.yahoo.com

With 85% ownership, Resources Connection, Inc. (NASDAQ:RGP) boasts of strong institutional backing

October 6, 2023 | markets.businessinsider.com

Why Consulting Firm Resources Connection Shares Are Sliding Today?

October 6, 2023 | finance.yahoo.com

Resources Connection, Inc. (NASDAQ:RGP) Q1 2024 Earnings Call Transcript

October 5, 2023 | finance.yahoo.com

Q1 2024 Resources Connection Inc Earnings Call

October 4, 2023 | msn.com

Dow futures tick lower after major indices rebound, yields ease

October 4, 2023 | finance.yahoo.com

Resources Connection Inc (RGP) Reports Q1 Fiscal 2024 Earnings: Revenue and Net Income Decline

October 4, 2023 | finance.yahoo.com

Resources Connection Reports Financial Results for First Quarter Fiscal 2024

October 3, 2023 | benzinga.com

Earnings Preview For Resources Connection

September 21, 2023 | finance.yahoo.com

RGP Study Finds Financial Services Firms Are Challenged With Managing Data-Intensive Projects

September 20, 2023 | finance.yahoo.com

Resources Connection, Inc. to Announce Fiscal 2024 First Quarter Results on October 4, 2023

September 20, 2023 | seekingalpha.com

Resources Connection: A Value Buy That's Leveraging Technology And Flexibility

September 14, 2023 | finance.yahoo.com

Resources Connection to Participate in the Sidoti Virtual Investor Conference

August 18, 2023 | finance.yahoo.com

Resources Connection (NASDAQ:RGP) Is Due To Pay A Dividend Of $0.14

August 16, 2023 | finance.yahoo.com

Resources Connection Announces Appointment of Sue Collyns to Board of Directors

August 3, 2023 | finance.yahoo.com

Resources Connection (NASDAQ:RGP) Has Affirmed Its Dividend Of $0.14

July 27, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Industrial Goods Stocks: Crown Holdings (CCK), Zurn Water Solutions (ZWS) and Resources Connection (RGP)

July 27, 2023 | finance.yahoo.com

Resources Connection, Inc. (NASDAQ:RGP) Q4 2023 Earnings Call Transcript

See More Headlines

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Company Calendar

Ex-Dividend for 9/21 Dividend: 8/23/2023
Dividend Payable: 9/21/2023
Last Earnings: 10/04/2023
Ex-Dividend for 12/14 Dividend: 11/15/2023
Today: 11/28/2023
Dividend Payable: 12/14/2023
Next Earnings (Estimated): 1/03/2024
Fiscal Year End: 5/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Business services, not elsewhere classified
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:RGP
CUSIP: N/A
CIK: 1084765
Web: www.rgp.com
Phone: (714) 430-6400
Fax: 714-428-6090
Employees: 4,062
Year Founded: N/A

Price 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 Rating: Reduce
Rating Score (0-4): 1.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.16
Trailing P/E Ratio: 11.95
Forward P/E Ratio: 18.73
P/E Growth: N/A
Net Income: $54.36 million
Net Margins: 5.30%
Pretax Margin: 7.10%
Return on Equity: 11.35%
Return on Assets: 8.73%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.02
Quick Ratio: 3.02

Sales & Book Value

Annual Sales: $775.64 million
Price / Sales: 0.60
Cash Flow: $2.13 per share
Price / Cash Flow: 6.51
Book Value: $12.34 per share
Price / Book: 1.12

Miscellaneous

Outstanding Shares: 33,700,000
Free Float: 31,218,000
Market Cap: $467.08 million
Optionable: Optionable
Beta: 0.74

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Key Executives

Mr. Donald B. Murray (Age 76)
Co-Founder & Independent Chairman
Comp: $400k
Ms. Kate W. Duchene (Age 60)
CEO, Interim COO, President & Director
Comp: $1.91M
Ms. Jennifer Y. Ryu (Age 48)
CFO & Executive VP
Comp: $1M
Mr. Michael Allen
Vice President of F&A and Technology & Digital
Mr. Keith Golden
Chief Information Officer
Lauren A. Elkerson
Corporate Secretary & Chief Legal Officer
Julie Shaver
Senior Vice President of Corporate Development & Strategy
Ms. Katy Conway
Chief People Officer
Ms. Suzanne Stanton (Age 62)
Senior Vice President of Revenue
Ms. Joni Noel
Senior Vice President of Healthcare & Private Equity

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View 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

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