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Resources Connection (RGP) Stock Forecast, Price & News

$16.88
+0.06 (+0.36%)
(As of 06/9/2023 ET)
Compare
Today's Range
$16.76
$17.07
50-Day Range
$14.28
$17.20
52-Week Range
$14.03
$23.18
Volume
171,102 shs
Average Volume
216,451 shs
Market Capitalization
$567.17 million
P/E Ratio
9.08
Dividend Yield
3.32%
Price Target
$16.50

Resources Connection MarketRank™ Forecast

Analyst Rating
Hold
1.67 Rating Score
Upside/​Downside
2.3% Downside
$16.50 Price Target
Short Interest
Healthy
1.10% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$1.02 M Sold Last Quarter
Proj. Earnings Growth
-37.34%
From $1.58 to $0.99 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.86 out of 5 stars

Business Services Sector

238th out of 334 stocks

Business Services, Not Elsewhere Classified Industry

65th out of 89 stocks


RGP stock logo

About Resources Connection (NASDAQ:RGP) Stock

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 also provides transformations services comprising finance transformation, digital transformation, supply chain management, cloud migration, and data design and analytics. The company has a strategic alliance with Kotter International, Inc. to accelerate joint business development initiatives. 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.

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RGP Stock News Headlines

Biden To Unleash "Choke Point" Operation On America?
Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
Biden To Unleash "Choke Point" Operation On America?
Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
Update: RGP, April 5
RGP Resources Connection, Inc.
Resources Global Professionals
See More Headlines

RGP Price History

RGP Company Calendar

Ex-Dividend for 3/16 Dividend
2/15/2023
Dividend Payable
3/16/2023
Last Earnings
4/04/2023
Ex-Dividend for 6/15 Dividend
5/17/2023
Today
6/09/2023
Dividend Payable
6/15/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
5/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:RGP
Employees
4,259
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$16.50
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
-2.2%
Consensus Rating
Hold
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$67.18 million
Pretax Margin
10.30%

Debt

Sales & Book Value

Annual Sales
$805.02 million
Cash Flow
$2.23 per share
Book Value
$11.25 per share

Miscellaneous

Free Float
30,899,000
Market Cap
$566.83 million
Optionable
Optionable
Beta
0.71

Key Executives

  • Mr. Donald B. Murray (Age 76)
    Co-Founder & Independent Chairman
    Comp: $400k
  • Ms. Kate W. Duchene (Age 60)
    CEO, Pres & Director
    Comp: $2.82M
  • Mr. Timothy L. BrackneyMr. Timothy L. Brackney (Age 51)
    Pres & COO
    Comp: $2.2M
  • Ms. Jennifer Y. Ryu (Age 48)
    CFO & Exec. VP
    Comp: $1.4M
  • Mr. Michael Allen
    VP of F&A and Technology & Digital
  • Mr. Keith Golden
    Chief Information Officer
  • Lauren A. Elkerson
    Corp. Sec. & Chief Legal Officer
  • Julie Shaver
    Sr. VP of Corp. Devel. & Strategy
  • Ms. Katy Conway
    Chief People Officer
  • Ms. Suzanne Stanton (Age 62)
    Sr. VP of Revenue













RGP Stock - Frequently Asked Questions

Should I buy or sell Resources Connection stock right now?

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.
View RGP analyst ratings
or view top-rated stocks.

What is Resources Connection's stock price forecast for 2023?

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%.
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 shares have decreased by 8.2% and is now trading at $16.87.
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 Thursday, July 27th 2023.
View our RGP earnings forecast
.

How were Resources Connection's earnings last quarter?

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.

How often does Resources Connection pay dividends? What is the dividend yield for Resources Connection?

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
.

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 3.26%. 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.

What guidance has Resources Connection issued on next quarter's earnings?

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.

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.

What is Resources Connection's stock symbol?

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

Who are Resources Connection's major shareholders?

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.
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.

What is Resources Connection's stock price today?

One share of RGP stock can currently be purchased for approximately $16.87.

How much money does Resources Connection make?

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.

How many employees does Resources Connection have?

The company employs 4,259 workers across the globe.

How can I contact Resources Connection?

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.

This page (NASDAQ:RGP) was last updated on 6/9/2023 by MarketBeat.com Staff

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