Resources Connection (RGP) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Resources Connection in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" RGP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RGP, but not buy additional shares or sell existing shares.
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3 analysts have issued 12 month target prices for Resources Connection's stock. Their RGP share price forecasts range from $15.00 to $18.00. On average, they expect the company's share price to reach $16.50 in the next year. This suggests that the stock has a possible downside of 2.2%.
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Resources Connection's stock was trading at $18.38 at the start of the year. Since then, RGP shares have decreased by 8.2% and is now trading at $16.87.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our RGP earnings forecast.

Resources Connection, Inc. (NASDAQ:RGP) issued its earnings results on Tuesday, April, 4th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.16. The firm had revenue of $186.60 million for the quarter, compared to analysts' expectations of $183.92 million. Resources Connection had a trailing twelve-month return on equity of 17.01% and a net margin of 7.81%. Resources Connection's quarterly revenue was down 8.8% compared to the same quarter last year. During the same period last year, the firm earned $0.58 earnings per share.

Resources Connection announced a quarterly dividend on Thursday, April 20th. Investors of record on Thursday, May 18th will be paid a dividend of $0.14 per share on Thursday, June 15th. This represents a $0.56 annualized dividend and a yield of 3.32%. The ex-dividend date is Wednesday, May 17th.
Read our dividend analysis for RGP.

ETFs with the largest weight of Resources Connection (NASDAQ:RGP) stock in their portfolio include Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), ETC 6 Meridian Small Cap Equity ETF (SIXS), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Roundhill Acquirers Deep Value ETF (DEEP), Hartford Multifactor Small Cap ETF (ROSC), Invesco S&P SmallCap Value with Momentum ETF (XSVM), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC) and Invesco S&P SmallCap Industrials ETF (PSCI).

Resources Connection (NASDAQ:RGP) pays an annual dividend of $0.56 per share and currently has a dividend yield of 3.26%. The dividend payout ratio is 30.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RGP will have a dividend payout ratio of 56.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RGP.

Resources Connection issued an update on its earnings guidance on Thursday, April, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $178.00 million-$183.00 million, compared to the consensus revenue estimate of $197.85 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."

Resources Connection's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.68%), Dimensional Fund Advisors LP (7.68%), Royce & Associates LP (5.93%), State Street Corp (4.16%), Palisade Capital Management LP (4.10%) and Thrivent Financial for Lutherans (2.10%). Insiders that own company stock include Anthony Cherbak, Donald B Murray, Jennifer Y Ryu, Kate W Duchene, Maltzan Marco Von and Timothy L Brackney.
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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 $16.87.

Resources Connection (NASDAQ:RGP) has a market capitalization of $566.83 million and generates $805.02 million in revenue each year. The company earns $67.18 million in net income (profit) each year or $1.86 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.