Resources Connection Inc (NASDAQ: RGP) closed the day trading at $11.35 down -7.57% from the previous closing price of $12.28. In other words, the price has decreased by -$0.93 from its previous closing price. On the day, 1111958 shares were traded.
Ratios:
For a better understanding of RGP, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.98. For the most recent quarter (mrq), Quick Ratio is recorded 2.79 and its Current Ratio is at 2.79. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on November 15, 2022, Upgraded its rating to Neutral and sets its target price to $58 from $49 previously.
On June 19, 2020, Sidoti started tracking the stock assigning a Buy rating and target price of $15.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 31 ’23 when White David P sold 2,753 shares for $13.34 per share. The transaction valued at 36,711 led to the insider holds 10,915 shares of the business.
Brackney Timothy L sold 10,055 shares of RGP for $162,909 on Aug 04 ’23. The President and COO now owns 148,514 shares after completing the transaction at $16.20 per share. On Apr 25 ’23, another insider, MURRAY DONALD B, who serves as the Director of the company, sold 70,000 shares for $14.52 each. As a result, the insider received 1,016,526 and left with 20,968 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RGP now has a Market Capitalization of 383.38M and an Enterprise Value of 304.16M. As of this moment, Resources’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.23, and their Forward P/E ratio for the next fiscal year is 13.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.57 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 0.43 whereas that against EBITDA is 6.60.
Stock Price History:
Over the past 52 weeks, RGP has reached a high of $17.24, while it has fallen to a 52-week low of $12.24. The 50-Day Moving Average of the stock is 13.35, while the 200-Day Moving Average is calculated to be 14.41.
Shares Statistics:
Over the past 3-months, RGP traded about 436.04K shares per day on average, while over the past 10 days, RGP traded about 298.79k shares per day. A total of 33.48M shares are outstanding, with a floating share count of 31.39M. Insiders hold about 6.33% of the company’s shares, while institutions hold 89.50% stake in the company. Shares short for RGP as of Mar 15, 2024 were 1.82M with a Short Ratio of 4.18, compared to 1.83M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.44% and a Short% of Float of 6.88%.
Dividends & Splits
RGP’s forward annual dividend rate is 0.56, up from 0.56 a year ago. Against a Trailing Annual Dividend Yield of 4.56%, it implies a Forward Annual Dividend Yield of 4.57%. The stock’s 5-year Average Dividend Yield is 3.74. The current Payout Ratio is 35.22% for RGP, which recently paid a dividend on Mar 14, 2024 with an ex-dividend date of Feb 14, 2024. Stock splits for the company last occurred on Mar 02, 2005 when the company split stock in a 2:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 2 analysts. On average, analysts expect EPS of $0.14 for the current quarter, with a high estimate of $0.15 and a low estimate of $0.14, while EPS last year was $0.44. The consensus estimate for the next quarter is $0.37, with high estimates of $0.51 and low estimates of $0.23.
Analysts are recommending an EPS of between $0.74 and $0.64 for the fiscal current year, implying an average EPS of $0.69. EPS for the following year is $1.53, with 2 analysts recommending between $2.11 and $0.96.
Revenue Estimates
3 analysts predict $161.2M in revenue for the current quarter. It ranges from a high estimate of $172M to a low estimate of $155.01M. As of the current estimate, Resources Connection Inc’s year-ago sales were $184.45M, an estimated decrease of -12.60% from the year-ago figure.
A total of 3 analysts have provided revenue estimates for RGP’s current fiscal year. The highest revenue estimate was $658M, while the lowest revenue estimate was $641.41M, resulting in an average revenue estimate of $647.17M. In the same quarter a year ago, actual revenue was $775.64M, down -16.60% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $718.35M in the next fiscal year. The high estimate is $771.08M and the low estimate is $670.97M. The average revenue growth estimate for next year is up 11.00% from the average revenue estimate for this year.
