Resources Connection Earnings: Outlook Is Poor, Sell [Seeking Alpha]
Resources Connection, Inc. (RGP)
Company Research
Source: Seeking Alpha
The stock has a strong balance sheet and pays out a dividend of approximately 4.7%. The company must improve its prospects to avoid potential dividend cuts and damage to investor confidence. Looking for a helping hand in the market? Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. Learn More » Investment Thesis Resources Connection, Inc. NASDAQ: RGP ) delivered unsatisfactory guidance together with its fiscal Q3 2024 results . Not only are its revenues expected to contract by approximately 21% to 23% y/y, but also, its gross margins are also expected to compress by approximately 300 basis points to 38%. It's not all bad with the stock, given that it has a strong balance sheet , with ample cash. What's more, the business pays out a dividend of approximately 4.7%. However, Resources Connection will have to rapidly improve its prospects, or it will be forced to cut its dividend and deliver significant damage to investors. This stock is
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RGP
News
- Resources Connection (NASDAQ:RGP) Has Announced A Dividend Of $0.14 [Yahoo! Finance]Yahoo! Finance
- Resources Connection, Inc. Announces Quarterly Dividend and Dividend Payment DateBusiness Wire
- Resources Connection, Inc. (NASDAQ: RGP) had its price target lowered by analysts at Robert W. Baird from $15.00 to $13.00. They now have a "neutral" rating on the stock.MarketBeat
- Resources Connection, Inc. (NASDAQ:RGP) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Reasons Why Resources Connection Excels In Dividend Growth And Looks Cheap [Seeking Alpha]Seeking Alpha
RGP
Earnings
- 4/3/24 - Beat
RGP
Sec Filings
- 4/18/24 - Form 8-K
- 4/8/24 - Form 4
- 4/8/24 - Form 3
- RGP's page on the SEC website