Resources Connection (NASDAQ:RGP) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Resources Connection (NASDAQ:RGP) released its quarterly earnings results on Wednesday. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.04), Zacks reports. Resources Connection had a positive return on equity of 3.75% and a negative net margin of 10.55%.

Resources Connection Price Performance

Shares of RGP stock traded down $0.02 during trading hours on Wednesday, hitting $6.63. The company had a trading volume of 284,053 shares, compared to its average volume of 303,060. The stock has a market capitalization of $219.39 million, a PE ratio of -3.56 and a beta of 0.61. The company’s fifty day moving average is $7.53 and its 200 day moving average is $8.23. Resources Connection has a fifty-two week low of $6.46 and a fifty-two week high of $12.61.

Resources Connection Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.45%. The ex-dividend date was Friday, February 14th. Resources Connection’s dividend payout ratio is presently -30.11%.

About Resources Connection

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.