Resources Connection (NASDAQ:RGP) Posts Quarterly Earnings Results, Beats Estimates By $0.22 EPS

Resources Connection (NASDAQ:RGP - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.22, Briefing.com reports. Resources Connection had a return on equity of 3.69% and a net margin of 2.04%. The company had revenue of $145.62 million for the quarter, compared to the consensus estimate of $137.02 million. During the same period in the previous year, the business earned $0.28 EPS. The firm's revenue was down 10.7% compared to the same quarter last year.

Resources Connection Trading Up 2.2 %

Shares of RGP traded up $0.19 on Thursday, reaching $8.72. The company's stock had a trading volume of 822,383 shares, compared to its average volume of 436,326. Resources Connection has a twelve month low of $7.90 and a twelve month high of $14.50. The stock has a market capitalization of $291.87 million, a PE ratio of 24.22, a PEG ratio of 3.48 and a beta of 0.68. The firm has a fifty day moving average of $8.42 and a 200-day moving average of $9.47.

Resources Connection Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 15th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date was Friday, November 15th. Resources Connection's dividend payout ratio is currently 155.56%.

Resources Connection Company Profile

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.