Positive News SentimentPositive NewsNASDAQ:RGP Resources Connection (RGP) Stock Forecast, Price & News $16.88 +0.06 (+0.36%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$16.76▼$17.0750-Day Range$14.28▼$17.2052-Week Range$14.03▼$23.18Volume171,102 shsAverage Volume216,451 shsMarket Capitalization$567.17 millionP/E Ratio9.08Dividend Yield3.32%Price Target$16.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Resources Connection MarketRank™ ForecastAnalyst RatingHold1.67 Rating ScoreUpside/Downside2.3% Downside$16.50 Price TargetShort InterestHealthy1.10% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$1.02 M Sold Last QuarterProj. Earnings Growth-37.34%From $1.58 to $0.99 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.1.86 out of 5 starsBusiness Services Sector238th out of 334 stocksBusiness Services, Not Elsewhere Classified Industry65th out of 89 stocks 0.8 Analyst's Opinion Consensus RatingResources Connection has received a consensus rating of Hold. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.50, Resources Connection has a forecasted downside of 2.3% from its current price of $16.88.Amount of Analyst CoverageResources Connection has only been the subject of 2 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.10% 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 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Resources Connection has recently decreased by 3.92%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldResources Connection pays a meaningful dividend of 3.38%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthResources Connection does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Resources Connection is 30.11%. 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 56.57% 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 2.7 News and Social Media Coverage News SentimentResources Connection has a news sentiment score of 1.89. 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 1 news article 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 $1,016,400.00 in company stock.Percentage Held by InsidersOnly 8.04% of the stock of Resources Connection is held by insiders.Percentage Held by Institutions84.42% 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 1.3 Earnings and Valuation Earnings GrowthEarnings for Resources Connection are expected to decrease by -37.34% in the coming year, from $1.58 to $0.99 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Resources Connection is 9.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.55.Price to Earnings Ratio vs. SectorThe P/E ratio of Resources Connection is 9.08, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 268.88.Price to Book Value per Share RatioResources Connection has a P/B Ratio of 1.50. 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 (NASDAQ:RGP) StockResources 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.Read More 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 RGP Stock News HeadlinesMay 15, 2023 | americanbankingnews.comResources Connection, Inc. (NASDAQ:RGP) Declares Quarterly Dividend of $0.14May 14, 2023 | finance.yahoo.comResources Connection (NASDAQ:RGP) Could Become A Multi-BaggerJune 9, 2023 | Investor Place Media (Ad)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.May 12, 2023 | americanbankingnews.comResources Connection (NASDAQ:RGP) Lowered to "Buy" at StockNews.comMay 6, 2023 | americanbankingnews.comResources Connection (NASDAQ:RGP) Lifted to Strong-Buy at StockNews.comApril 27, 2023 | americanbankingnews.comDonald B. Murray Sells 70,000 Shares of Resources Connection, Inc. (NASDAQ:RGP) StockApril 26, 2023 | finance.yahoo.comRGP Study Reveals the Systemic Impact of Healthcare Staffing Shortages on Mission-Critical ProjectsApril 8, 2023 | americanbankingnews.comJPMorgan Chase & Co. Lowers Resources Connection (NASDAQ:RGP) Price Target to $15.00June 9, 2023 | Investor Place Media (Ad)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.April 7, 2023 | finance.yahoo.comResources Connection, Inc. (NASDAQ:RGP) Q3 2023 Earnings Call TranscriptApril 7, 2023 | americanbankingnews.comResources Connection (NASDAQ:RGP) Hits New 1-Year Low Following Analyst DowngradeApril 6, 2023 | americanbankingnews.comResources Connection (NASDAQ:RGP) Announces Earnings Results, Beats Expectations By $0.16 EPSApril 6, 2023 | americanbankingnews.comResources Connection (NASDAQ:RGP) Lowered to Buy at StockNews.comApril 5, 2023 | forbes.comUpdate: RGP, April 5April 5, 2023 | msn.comThese Analysts Slash Price Targets On Resources Connection After Q3 ResultsApril 5, 2023 | americanbankingnews.comResources Connection (NASDAQ:RGP) PT Lowered to $18.00 at Robert W. BairdApril 4, 2023 | finance.yahoo.comResources Connection, Inc. Reports Financial Results for Third Quarter Fiscal 2023April 4, 2023 | finance.yahoo.comResources Connection (RGP) Q3 Earnings and Revenues Top EstimatesApril 2, 2023 | americanbankingnews.comResources Connection (RGP) Set to Announce Quarterly Earnings on TuesdayMarch 17, 2023 | finance.yahoo.comResources Connection, Inc.'s (NASDAQ:RGP) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?February 28, 2023 | seekingalpha.comRGP Resources Connection, Inc.February 28, 2023 | forbes.comResources Global ProfessionalsFebruary 12, 2023 | finance.yahoo.comInvestors in Resources Connection (NASDAQ:RGP) have made a respectable return of 39% over the past three yearsJanuary 17, 2023 | finance.yahoo.comRGP Study Finds One-Third of Companies Pursuing Mission-Critical Transformation Projects Are Facing ChallengesJanuary 16, 2023 | finance.yahoo.comIs the Options Market Predicting a Spike in Resources Connection (RGP) Stock?January 10, 2023 | finance.yahoo.comResources Connection, Inc. (NASDAQ:RGP) Q2 2023 Earnings Call TranscriptJanuary 9, 2023 | finance.yahoo.comResources Connection Second Quarter 2023 Earnings: EPS Beats ExpectationsSee More Headlines RGP Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RGP Company Calendar Ex-Dividend for 3/16 Dividend2/15/2023Dividend Payable3/16/2023Last Earnings4/04/2023Ex-Dividend for 6/15 Dividend5/17/2023Today6/09/2023Dividend Payable6/15/2023Next Earnings (Estimated)7/27/2023Fiscal 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) 430-6400Fax714-428-6090Employees4,259Year FoundedN/APrice 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 RatingHold Rating Score (0-4)1.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$1.86 Trailing P/E Ratio9.07 Forward P/E Ratio10.68 P/E GrowthN/ANet Income$67.18 million Net Margins7.81% Pretax Margin10.30% Return on Equity17.01% Return on Assets12.18% Debt Debt-to-Equity RatioN/A Current Ratio2.57 Quick Ratio2.57 Sales & Book Value Annual Sales$805.02 million Price / Sales0.70 Cash Flow$2.23 per share Price / Cash Flow7.58 Book Value$11.25 per share Price / Book1.50Miscellaneous Outstanding Shares33,600,000Free Float30,899,000Market Cap$566.83 million OptionableOptionable Beta0.71 Key ExecutivesMr. Donald B. Murray (Age 76)Co-Founder & Independent Chairman Comp: $400kMs. Kate W. Duchene (Age 60)CEO, Pres & Director Comp: $2.82MMr. Timothy L. Brackney (Age 51)Pres & COO Comp: $2.2MMs. Jennifer Y. Ryu (Age 48)CFO & Exec. VP Comp: $1.4MMr. Michael AllenVP of F&A and Technology & DigitalMr. Keith GoldenChief Information OfficerLauren A. ElkersonCorp. Sec. & Chief Legal OfficerJulie ShaverSr. VP of Corp. Devel. & StrategyMs. Katy ConwayChief People OfficerMs. Suzanne Stanton (Age 62)Sr. VP of Revenue More ExecutivesKey CompetitorsViadNYSE:VVIMediaAlphaNYSE:MAXLiquidity ServicesNASDAQ:LQDTPaysafeNYSE:PSFEAdvantage SolutionsNASDAQ:ADVView All CompetitorsInsiders & InstitutionsBrandywine Global Investment Management LLCBought 89,349 shares on 5/25/2023Ownership: 0.266%Ameriprise Financial Inc.Bought 31,890 shares on 5/22/2023Ownership: 0.660%Putnam Investments LLCSold 877 shares on 5/22/2023Ownership: 0.062%New York State Common Retirement FundSold 4,361 shares on 5/18/2023Ownership: 1.167%JPMorgan Chase & Co.Bought 36,504 shares on 5/18/2023Ownership: 0.433%View All Insider TransactionsView All Institutional Transactions 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. What ETFs hold Resources Connection's stock? 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). 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 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. 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