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Resources Connection (RGP) Stock Price, News & Analysis

Resources Connection logo
$7.96
-0.09 (-1.12%)
(As of 11/1/2024 ET)

About Resources Connection Stock (NASDAQ:RGP)

Key Stats

Today's Range
$7.92
$8.11
50-Day Range
$7.96
$10.43
52-Week Range
$7.91
$14.63
Volume
333,764 shs
Average Volume
393,238 shs
Market Capitalization
$266.42 million
P/E Ratio
22.11
Dividend Yield
7.04%
Price Target
$13.00
Consensus Rating
Hold

Company Overview

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.

Resources Connection Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
89th Percentile Overall Score

RGP MarketRank™: 

Resources Connection scored higher than 89% of companies evaluated by MarketBeat, and ranked 57th out of 342 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Resources Connection has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating.

  • Amount of Analyst Coverage

    Resources Connection has received no research coverage in the past 90 days.

  • Read more about Resources Connection's stock forecast and price target.
  • Earnings Growth

    Earnings for Resources Connection are expected to grow by 656.25% in the coming year, from $0.16 to $1.21 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Resources Connection is 22.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.95.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Resources Connection is 22.11, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 39.43.

  • Price to Earnings Growth Ratio

    Resources Connection has a PEG Ratio of 3.35. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Resources Connection has a P/B Ratio of 0.65. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Resources Connection's valuation and earnings.
  • Percentage of Shares Shorted

    3.48% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Resources Connection has recently increased by 20.35%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    Resources Connection is a leading dividend payer. It pays a dividend yield of 6.75%, 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 155.56%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Resources Connection will have a dividend payout ratio of 46.28% next year. This indicates that Resources Connection will be able to sustain or increase its dividend.

  • Read more about Resources Connection's dividend.
  • Percentage of Shares Shorted

    3.48% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Resources Connection has recently increased by 20.35%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Resources Connection has a news sentiment score of 1.67. 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 0.41 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Resources Connection this week, compared to 2 articles on an average week.
  • Search Interest

    Only 1 people have searched for RGP on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    2 people have added Resources Connection to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Resources Connection insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 3.39% of the stock of Resources Connection is held by insiders.

  • Percentage Held by Institutions

    93.23% of the stock of Resources Connection is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Resources Connection's insider trading history.
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RGP Stock News Headlines

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RGP Stock Analysis - Frequently Asked Questions

Resources Connection's stock was trading at $14.17 at the beginning of 2024. Since then, RGP stock has decreased by 43.8% and is now trading at $7.96.
View the best growth stocks for 2024 here
.

Resources Connection, Inc. (NASDAQ:RGP) released its quarterly earnings data on Tuesday, October, 1st. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.21. The business's revenue was down 19.5% compared to the same quarter last year.

Resources Connection's top institutional investors include Horrell Capital Management Inc. (2.44%), Creative Planning (0.11%), Exchange Traded Concepts LLC (0.09%) and Ballentine Partners LLC (0.07%). Insiders that own company stock include Timothy L Brackney, Jennifer Y Ryu, Anthony Cherbak, Roger D Carlile, Donald B Murray, David P White, Maltzan Marco Von and Kate W Duchene.
View institutional ownership trends
.

Shares of RGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Resources Connection investors own include Tesla (TSLA), JPMorgan Chase & Co. (JPM), Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Home Depot (HD) and Netflix (NFLX).

Company Calendar

Ex-Dividend for 9/20 Dividend
8/23/2024
Dividend Payable
9/20/2024
Last Earnings
10/01/2024
Today
11/02/2024
Ex-Dividend for 12/16 Dividend
11/15/2024
Dividend Payable
12/16/2024
Next Earnings (Estimated)
1/01/2025
Fiscal Year End
5/31/2025

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Business Services
Current Symbol
NASDAQ:RGP
Employees
3,376
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$13.00
High Stock Price Target
$15.00
Low Stock Price Target
$11.00
Potential Upside/Downside
+63.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$21.03 million
Pretax Margin
3.33%

Debt

Sales & Book Value

Annual Sales
$632.80 million
Cash Flow
$0.84 per share
Book Value
$12.17 per share

Miscellaneous

Free Float
32,336,000
Market Cap
$266.42 million
Optionable
Optionable
Beta
0.65
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This page (NASDAQ:RGP) was last updated on 11/2/2024 by MarketBeat.com Staff
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