Factors Likely to Have Influenced Earnings Results Resources Connection (NASDAQ:RGP)

Earnings results for Resources Connection (NASDAQ:RGP)

Resources Connection, Inc. is expected* to report earnings on 07/21/2021 after market close. The report will be for the fiscal Quarter ending May 2021. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.19. The reported EPS for the same quarter last year was $0.16.

Analyst Opinion on Resources Connection (NASDAQ:RGP)

Dividend Strength: Resources Connection (NASDAQ:RGP)

Resources Connection is a leading dividend payer. It pays a dividend yield of 4.19%, putting its dividend yield in the top 25% of dividend-paying stocks. Resources Connection does not have a long track record of dividend growth. The dividend payout ratio of Resources Connection is 57.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Resources Connection will have a dividend payout ratio of 63.64% next year. This indicates that Resources Connection will be able to sustain or increase its dividend.

Insiders buying/selling: Resources Connection (NASDAQ:RGP)

In the past three months, Resources Connection insiders have not sold or bought any company stock. Only 8.97% of the stock of Resources Connection is held by insiders. 76.38% of the stock of Resources Connection is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Resources Connection (NASDAQ:RGP

Earnings for Resources Connection are expected to grow by 60.00% in the coming year, from $0.55 to $0.88 per share. The P/E ratio of Resources Connection is 71.74, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.22. The P/E ratio of Resources Connection is 71.74, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 23.87. Resources Connection has a P/B Ratio of 1.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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