Dernières nouvelles pour Resources Connection (NASDAQ:RGP) Stock

Resources Connection

NYSE

Resources Connection Inc provides consulting and business initiative support services predominantly through its operative subsidiary, Resources Global Professionals. It has two segments RGP ( Resources Global Professionals.) and Sitrick. The RGP segment is focused on delivering consulting services catering to its client's operational needs and change initiatives utilizing a combination of bench and on-demand, talent. The Sitrick segment provides corporate, financial, transactional, and crisis communication and management services. The company generates a majority of its revenue from the RGP segment. Geographically, it derives its key revenue from North America and the rest from Europe and the Asia Pacific region.

Resources Connection, Inc. - Common Stock

Resources Connection Inc

RATCH GROUP PUB CO LTD by RATCH GROUP PUB CO LTD.

Ratch Group PCL

Enwell Energy PLC

REGENEREX PHARMA INC by REGENEREX PHARMA INC.

Stocks are gearing up for another nervy start on Tuesday after they scrapped through in the previous session to<a href="https://www.benzinga.com/news/earnings/24/10/41110228/s-p-records-first-positive-september-since-2019-amid-improving-investor-sentiment-fear-index-moves-"> finish a seasonally weak September on a high.</a> Some strategists point to the unusual September gains as a testament to the market&#8217;s resilience. The unequivocal belief is the gains could continue into the fourth quarter and beyond only if the economy can skirt a recession.
Each incoming economic data, including the job opening and manufacturing activity data due Tuesday, would offer evidence regarding the economy&#8217;s strength or lack thereof. This being the presidential election year, traders brace for more volatility at least until Nov. 5. The market may also have to contend with earnings as they begin to roll out in the second half of the month.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.07%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.09%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.27%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.23%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Tuesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) eased 0.02% to $573.63 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.09% to $488.50, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Week:
U.S. stocks survived a bout of selling pressure and closed Monday&#8217;s session higher. The overbought levels and a slump in some major global markets introduced caution right at the start of the session, and the major indices moved mostly below the unchanged line for much of the session. The selling intensified after Fed Chair Jerome Powell poured cold water on hopes of rapid downward adjustment of rates during his speech.
The major indices staged a late-hour recovery to end September firmly in the green, with the S&amp;P 500 and Dow Industrials closing at fresh highs. Nine of the 11 S&amp;P 500 sector classes closed in the green, with communication services, energy and real estate stocks seeing strong buying interest. On the other hand, material and consumer discretionary stocks pulled back.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Day&#8217;s Performance (+/)</td>
<td>Value</td>
<td>September Performance</td>
<td>Q3 Performance</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.38%</td>
<td>18,189.17</td>
<td>+2.69%</td>
<td>+2.58%</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.42%</td>
<td>5,762.48</td>
<td>+2.02%</td>
<td>+5.53%</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.04%</td>
<td>42,330.15</td>
<td>+1.85%</td>
<td>+8.21%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.24%</td>
<td>2,229.97</td>
<td>+0.56%</td>
<td>+8.90%</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Fed&#8217;s larger-than-expected rate cut can buy more time for high-quality stocks to remain expensive and even help lower-quality cyclical stocks, especially after recent China actions, said Morgan Stanley&#8217;s US Equity Strategist Mike Wilson. &#8220;However, I believe labor data and other growth indicators need to improve to justify these conditions continuing into year-end and beyond – i.e., a soft landing with growth reaccelerating, inflation stabilizing above 2%, and the Fed continuing to cut rates, &#8221; the strategist said.
The market is entering a seasonally strong period after being up for eight of the nine months. Fund Strat&#8217;s Head of Research Tom Lee said in the firm&#8217;s weekly commentary that the following three favorable structural drivers for equities support &#8220;buy the dip:&#8221;
<ul>
<li>Fed launches easing cycle + &#8220;no landing&#8221;</li>
<li>China PBOC bazooka</li>
<li>Post-election and cash on sidelines dynamics</li>
</ul>
He noted that when the Fed cuts rate and the US economy is not in recession, the S&amp;P 500 Index has risen seven out of seven times both three and six months later.
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data:
<ul>
<li>S&amp;P Global is due to release the final manufacturing purchasing managers&#8217; index for September at 9:45 a.m. EDT. Economists, on average, expect the final manufacturing PMI to come in at 47, down from 47.9 in August.</li>
<li>The Institute for Supply Management will release its national manufacturing PMI at 10 a.m. EDT, with the consensus calling for a reading of 47.5 for September, slightly up from 47.2 in August.</li>
<li>The Labor Department is scheduled to release the results of its August Job Openings and Labor Turnover Survey at 10 a.m. EDT. Economists, on average, estimate job openings to remain unchanged with the July level, at 7.7 million.</li>
<li>The Commerce Department&#8217;s construction spending report for August, due at 10 a.m. EDT, will likely show flattish spending relative to July, which saw a 0.3% month-over-month drop.</li>
<li>Federal Reserve Governor Lisa Cook will make a public appearance at 11:10 a.m. EDT.</li>
<li>Richmond Fed President Tom Barkin, Atlanta Fed President Raphael Bostic and Boston Fed President Susan Collins are scheduled to participate in a joint panel discussion about technology-enabled&nbsp;disruption at 6:15 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) rallied nearly 7.50% <a href="https://www.benzinga.com/premarket">in premarket trading </a>after the company said it has expanded its TV streaming delivery network to multi-site operation.</li>
<li>Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) climbed over 2% on a positive analyst action.</li>
<li>Acuity Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>), McCormick &amp; Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>), Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) and United Natural Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) are among the notable <a href="https://www.benzinga.com/calendars/earnings">companies due to report their quarterly results before the market open.</a></li>
<li>Those reporting after the close are NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), Resources Connection, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>) and Cal-Maine Foods, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALM#NASDAQ">CALM</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures pulled back sharply, while gold futures advanced moderately. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded slightly higher under the $64K level. The yield on the 10-year benchmark Treasury note fell 5.7 basis points to 3.745%.
In Asia, the Japanese market rebounded, although sentiment elsewhere remained muted. The Chinese, Hong Kong and South Korean markets remained closed for public holidays. European stocks showed tentativeness in early trading ad traders digested the preliminary September consumer price inflation data for the eurozone.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41111098/if-you-invested-1-000-in-peter-thiel-co-founded-palantir-when-it-ipoed-4-years-ago-heres-how-muc">If You Invested $1,000 In Peter Thiel Co-founded Palantir When It IPOed 4 Years Ago, Here&#8217;s How Much You Would Have Now</a></li>
</ul>
Image Via Shutterstock

Earnings

Equities

News

Previews

Economics

Federal Reserve

Pre-Market Outlook

Markets

Movers

Trading Ideas

$BTC

CALM

PAYX

UNFI

US Stocks Set For Shaky Start Ahead Of JOLTS Data, Nike Earnings: Strategist Says These 3 Structural Drivers Support 'Buying The Dip'

Upon Murray&#39;s resignation, the Board appointed A. Robert Pisano to serve as interim Chairman of the Board. Pisano has served as a director of the Board since 2002 and as Lead Independent Director since 2004. David White has been appointed to succeed Mr. Pisano as the Lead Independent Director of the Board.

Management

Resources Connection Says Donald B. Murray Has Resigned As Chairman And A Director; Robert Pisano Appointed As Interim Chairman

Although U.S. stocks closed lower on Tuesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Appian</h3>
<ul>
<li>The Trade: Appian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPN#NASDAQ">APPN</a>) 10% owner Colin T. Moran <a href="https://www.benzinga.com/quote/APPN/analyst-ratings">acquired a total of 190,000 shares</a> at an average price of $35.33. To acquire these shares, it cost around $6.71 million.</li>
<li>What's Happening: Appian will release financial results for the second quarter, before the opening bell on Thursday, Aug. 1.</li>
<li>What Appian Does: Appian is a low-code enterprise platform-as-a-service company focusing on business process management.</li>
</ul>
<h3 class="wp-block-heading">Dorchester Minerals</h3>
<ul>
<li>The Trade: Dorchester Minerals, L.P. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DMLP#NASDAQ">DMLP</a>) Dorchester Minerals Operating LP acquired a total of 2,900 shares at an average price of $32.23. To acquire these shares, it cost around $93,460.</li>
<li>What's Happening: On May 2, Dorchester Minerals posted first-quarter earnings of 44 cents per share.</li>
<li>What Dorchester Minerals Does: Dorchester Minerals LP operates as the owner of producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits and leasehold interests.</li>
</ul>
<h3 class="wp-block-heading">Resources Connection</h3>
<ul>
<li>The Trade: Resources Connection, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>) Director Roger D Carlile <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 25,000 shares</a> at an average price of $11.25. To acquire these shares, it cost around $281,250.</li>
<li>What's Happening: On July 18, Resources Connection reported better-than-expected fourth-quarter financial results.</li>
<li>What Resources Connection Does: Resources Connection Inc provides consulting and business initiative support services primarily through its operative subsidiary, Resources Global Professionals. It has two segments RGP ( Resources Global Professionals.) and Other segments.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39907046/best-buy-kroger-and-2-other-stocks-insiders-are-selling">Best Buy, Kroger And 2 Other Stocks Insiders Are Selling</a></li>
</ul>

Long Ideas

Insider Trades

APPN

DMLP

Over $6M Bet On This Tech Stock? Check Out These 3 Stocks Insiders Are Buying

JP Morgan analyst Andrew Steinerman maintains Resources Connection (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>) with a Underweight and lowers the price target from $12 to $11.

Price Target

Analyst Ratings

JP Morgan Maintains Underweight on Resources Connection, Lowers Price Target to $11

Resources Connection (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rgp#NYSE">RGP</a>) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 180%. A quarter ago, it was expected that this consulting company would post a loss of $0.01 per share when it actually produced earnings of $0.17, delivering a surprise of 1,800%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Resources Connection, which belongs to the Zacks Staffing Firms industry, posted revenues of $148.2 million for the quarter ended May 2024, surpassing the Zacks Consensus Estimate by 5.61%. This compares to year-ago revenues of $184.45 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Resources Connection shares have lost about 22.6% since the beginning of the year versus the S&amp;P 500&#39;s gain of 17.2%.
What&#39;s Next for Resources Connection?
While Resources Connection has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Resources Connection: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.22 on $153.24 million in revenues for the coming quarter and $1.01 on $659.69 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Staffing Firms is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Insperity, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nsp#NYSE">NSP</a>), is yet to report results for the quarter ended June 2024.
This company is expected to post quarterly earnings of $0.73 per share in its upcoming report, which represents a year-over-year change of +14.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Insperity, Inc.&#39;s revenues are expected to be $1.62 billion, up 2.2% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2304865/resources-connection-rgp-beats-q4-earnings-and-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2304865">To read this article on Zacks.com click here.</a>

Earnings Beats

Small Cap

Resources Connection Beats Q4 Earnings and Revenue Estimates

WIIM

Resources Connection shares are trading higher after the company reported better-than-expected Q4 financial results.

Resources Connection (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.07 by 300 percent. This is a 36.36 percent decrease over earnings of $0.44 per share from the same period last year. The company reported quarterly sales of $148.20 million which beat the analyst consensus estimate of $140.60 million by 5.40 percent. This is a 19.65 percent decrease over sales of $184.45 million the same period last year.

Resources Connection Q4 Adj EPS $0.28 Beats $0.07 Estimate, Sales $148.20M Beat $140.60M Estimate

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
<h3 class="wp-block-heading">Resources Connection, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>)</h3>
<ul>
<li>Dividend Yield: 5.07%</li>
<li>Baird analyst Mark Marcon maintained a Neutral rating an cut the price target from $15 to $13 on April 4. This analyst has an accuracy rate of 69%.</li>
<li>JP Morgan analyst Andrew Steinerman maintained an Underweight rating and lowered the price target from $16 to $14 on Oct. 5, 2023. This analyst has an accuracy rate of 80%.</li>
<li>Recent News: On April 3, Resources Connection posted upbeat quarterly earnings.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070124&amp;t=be2bearmibe3na1">Benzinga Pro's real-time newsfeed</a> alerted to latest RGP's news</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard/?utm_source=BZprocontent070124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="682" height="733" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30185504/Screenshot-2024-07-01-at-5.54.55-AM.png" alt="" class="wp-image-412734" style="width:511px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30185504/Screenshot-2024-07-01-at-5.54.55-AM.png 682w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30185504/Screenshot-2024-07-01-at-5.54.55-AM-279x300.png 279w" sizes="(max-width: 682px) 100vw, 682px" /></a></figure>
<h3 class="wp-block-heading">United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>)</h3>
<ul>
<li>Dividend Yield: 4.76%</li>
<li>Evercore ISI Group analyst Jonathan Chappell maintained an In-Line rating and cut the price target from $157 to $145 on June 24. This analyst has an accuracy rate of 76%.</li>
<li>Wells Fargo analyst Christian Wetherbee initiated coverage on the stock with an Overweight rating and a price target of $156 on June 7. This analyst has an accuracy rate of 73%.</li>
<li>Recent News: On June 23, UPS entered into an agreement to sell its Coyote Logistics business unit to RXO, Inc., for $1.025 billion.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070124&amp;t=be2bearmibe3na1">trend in UPS stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard/?utm_source=BZprocontent070124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="693" height="754" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30185549/Screenshot-2024-07-01-at-5.55.40-AM.png" alt="" class="wp-image-412736" style="width:443px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30185549/Screenshot-2024-07-01-at-5.55.40-AM.png 693w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30185549/Screenshot-2024-07-01-at-5.55.40-AM-276x300.png 276w" sizes="(max-width: 693px) 100vw, 693px" /></a></figure>
<h3 class="wp-block-heading">Stanley Black &amp; Decker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>)</h3>
<ul>
<li>Dividend Yield: 4.06%</li>
<li>Barclays analyst Julian Mitchelldowngraded the stock from Overweight to Equal-Weight and cut the price target from $100 to $86 on June 4. This analyst has an accuracy rate of 76%.</li>
<li>Baird analyst TimothyWojsmaintained a Neutral rating and cut the price target from $82 to $80 on April 19. This analyst has an accuracy rate of 64%.</li>
<li>Recent News: Stanley Black &amp; Decker is expected to report its second quarter 2024 earnings on Tuesday, July 30.</li>
<li>Benzinga Pro's signals feature notified of a potential breakout in <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070124&amp;t=be2bearmibe3na1">Stanley Black &amp; Decker's shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard/?utm_source=BZprocontent070124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="660" height="738" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30185635/Screenshot-2024-07-01-at-5.56.27-AM.png" alt="" class="wp-image-412737" style="width:499px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30185635/Screenshot-2024-07-01-at-5.56.27-AM.png 660w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30185635/Screenshot-2024-07-01-at-5.56.27-AM-268x300.png 268w" sizes="(max-width: 660px) 100vw, 660px" /></a></figure>
Check This Out: <a href="https://www.youtube.com/watch?v=pVF0O2lsEH4&quot;">How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro</a>
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Dividends

Wall Street's Most Accurate Analysts Weigh In On 3 Industrials Stocks Delivering High-Dividend Yields

Noble Capital Markets analyst Joe Gomes initiates coverage on Resources Connection (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>) with a Outperform rating and announces Price Target of $15.

Initiation

Noble Capital Markets Initiates Coverage On Resources Connection with Outperform Rating, Announces Price Target of $15

Baird analyst Mark Marcon maintains Resources Connection (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>) with a Neutral and lowers the price target from $15 to $13.

Baird Maintains Neutral on Resources Connection, Lowers Price Target to $13

U.S. stocks were higher, with the Dow Jones gaining over 150 points on Thursday.
Shares of Lamb Weston Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lw#NYSE">LW</a>) fell sharply during Thursday&rsquo;s session after the company reported weak third-quarter results and <a href="https://www.benzinga.com/news/earnings/24/04/38093204/why-is-frozen-potato-products-supplier-lamb-weston-stock-plunging-today">cut its FY24 outlook</a>.
Lamb Weston posted adjusted earnings of $1.20 per share, missing market estimates of $1.45 per share. The company&rsquo;s quarterly sales came in at $1.46 billion versus expectations of $1.65 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Lamb Weston shares tumbled 17.5% to $83.40 on Thursday.
Here are some other big stocks recording losses in today&rsquo;s session.
<ul>
<li>DigiAsia Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/faas#NASDAQ">FAAS</a>) shares dipped 20% to $5.37.</li>
<li>GCT Semiconductor Holding, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gcts#NYSE">GCTS</a>) dipped 13.1% to $5.96.</li>
<li>SolarMax Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smxt#NASDAQ">SMXT</a>) declined 10.9% to $11.75.</li>
<li>Paragon 28, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fna#NYSE">FNA</a>) fell 10.4% to $10.80. Paragon 28 announced CFO Transition and issued preliminary unaudited net revenue for the first quarter.</li>
<li>Resources Connection, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgp#NASDAQ">RGP</a>) dipped 9.2% to $11.15 following weak quarterly sales.</li>
<li>Aquestive Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aqst#NASDAQ">AQST</a>) declined 8.9% to $3.9850 after the company filed for an up to $250 million mixed shelf offering.</li>
<li>Rent the Runway, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rent#NASDAQ">RENT</a>) declined 8.6% to $5.37.</li>
<li>Paramount Global (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/para#NASDAQ">PARA</a>) dipped 8.2% to $12.40 following a report suggesting the Ellison-led bid would require the company to raise new equity.</li>
<li>Hims &amp; Hers Health, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hims#NASDAQ">HIMS</a>) fell 4.9% to $14.76.</li>
<li>Hertz Global Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/htz#NASDAQ">HTZ</a>) fell 4% to $7.32 after Goldman Sachs downgraded the stock from Neutral to Sell and lowered its price target from $8 to $7.</li>
<li>Alpine Immune Sciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alpn#NASDAQ">ALPN</a>) fell 3.6% to $36.73.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38092274/dow-jumps-over-100-points-us-jobless-claims-increase-to-221-000"> Dow Jumps Over 100 Points; US Jobless Claims Increase To 221,000</a>

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Intraday Update

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Hims & Hers Health, Inc. Class A Common Stock

HIMS

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SMXT

Lamb Weston Reports Weak Earnings, Joins Paragon 28, Resources Connection And Other Big Stocks Moving Lower On Thursday

U.S. stocks appear poised for a positive open on Thursday, reversing recent sluggishness, despite&nbsp;Federal Reserve&nbsp;Chair&nbsp;Jerome Powell&nbsp;signaling the central bank&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38085080/never-mind-jerome-powell-bullish-analyst-predicts-over-3-rate-cuts-this-year-calls-" rel="noreferrer noopener">data-dependent approach</a>&nbsp;to future rate cuts.
Traders seem unfazed by Powell&#8217;s hawkish stance, with some clinging to their expectation of three rate cuts this year. Strong gains earlier this year and typical market optimism during election years further solidify this sentiment. The broad-based market rally adds another reason for confidence.
On Thursday, traders will likely look to the weekly jobless claims data and a slew of Fed speeches to confirm their expectations.
Futures Today
 Futures Performance On Thursday ( as of 6:20 a.m. EDT)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.51%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.38%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.32%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.25%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In <a href="https://www.benzinga.com/premarket/" target="_blank" rel="noreferrer noopener">premarket</a>&nbsp;trading on Thursday, the&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) gained 0.37% to $521.35,&nbsp;and the&nbsp;Invesco QQQ ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.48% to $444.23 according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Previous Session:
Ignoring a private sector report showing higher-than-expected job growth and Powell&#8217;s hawkish comments, major indices closed Wednesday mostly positive. The S&amp;P 500 snapped a two-day losing streak, the Nasdaq Composite closed higher, while the Dow Industrials ended slightly lower. Small-caps led the rebound, with the Russell 2000 outperforming the major indices.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.23%</td>
<td>16,277.46</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.11%</td>
<td>5,211.49</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.11%</td>
<td>39,127.14</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.54%</td>
<td>2,076.20</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Comerica Chief Investment Strategist John Lynch said the equity market could be in for more gains in the rest of the year but cautioned of several market dynamics coming into play. &#8220;In the equity markets, history shows that early-year success often begets further gains as the calendar year progresses,&#8221; the analyst said.
&#8220;Since 1970, when the S&amp;P 500 has risen more than 10.0% in the first quarter, the Index climbs by an average of 6.1% for the remaining three quarters, with positive returns in eight of the nine occurrences.&#8221;
A potential full-year return of this magnitude could mean the average return during a presidential year could double, Lynch said. He also said many market dynamics, including both technicals and fundamentals, could come into play. &#8220;Technical tailwinds are evident, though fundamentals remain dependent on other factors including demand, pricing, geopolitics and policy,&#8221; he said.
FundStrat&#8217;s Tom Lee made the case for buying the recent mini-dip in the firm&#8217;s commentary published on Wednesday. Following the recent weakness, the broader indices were in oversold levels, based on a 30-minute relative-strength index, and were still amid a clear uptrend, he said.
Citing Mark Newton, Global Head of Technical Strategy at FundStrat, Lee said cyclical factors are favorable for stocks into April 20th. A key inflation data point coming on April 10 will likely show March core consumer price inflation coming in below the consensus, he said.
Lee also flagged potential artificial tax-related selling pressure on stocks this week and into next week as investors need to raise cash to pay capital gains. &#8220;This is a short-term mechanical issue and will dissipate when tax day passes. In other words, take advantage of this short-term distortion,&#8221; he said.
Upcoming Economic Data:
The Labor Department is scheduled to release the weekly jobless claims report at 8:30 a.m. EDT. Economists, on average, expect the number of individuals claiming unemployment benefits to come to 213,000 for the week ended March 30, up from 210,000 in the previous week.
The Commerce Department is due to release the trade balance report for February at 8:30 a.m. EDT. Economists, on average, expect a trade deficit of $67.7 billion, slightly up from $67.4 billion in January.
The Treasury will auction four- and eight-week bills at 11:30 a.m. EDT.
Among the Fed speeches scheduled for the day are:
<ul>
<li>Philadelphia Fed President Patrick Harker: 10 a.m. EDT</li>
<li>Richmond Fed President Tom Barkin: 12:15 p.m. EDT</li>
<li>Chicago Fed President Austan Goolsbee: 12:45 p.m. EDT</li>
<li>Cleveland Fed President Loretta Mester, Minneapolis Fed President Neel Kashkari: 2 p.m. EDT</li>
<li>Fed Governor Adriana Kugler: 7:30 p.m. EDT</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/best-futures-brokers">Best Futures Brokers</a>
Stocks In Focus:
<ul>
<li>BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) rose over 6%, Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) gained over 8%, while Resources Connection, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>) fell over 2% in premarket in reaction to their quarterly results.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) could continue its recovery, with its stock gaining nearly 0.75% in premarket.</li>
</ul>
Commodities, Bonds, and Global Equity Markets:
Crude oil futures, though seeing a modest pullback, continued to hold above the $85-a-barrel mark on Thursday, and gold futures were flattish above the $2,300 level. The yield on the benchmark 10-year Treasury edged up to above $2.36%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) also fell slightly and at last check, it traded above the $66,000 level.
The major Asian markets that were open for trading on Thursday closed higher, tracking the positive close on Wall Street overnight. The Chinese, Taiwanese, and Hong Kong markets were closed for a public holiday. In Europe, the equity market got off to a positive start.
Read Next:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38085675/were-fd-says-rich-dad-poor-dad-author-robert-kiyosaki-because-fed-chair-powell-fina"> &#8216;We&#8217;re F&#8217;d,&#8217; Says &#8216;Rich Dad Poor Dad&#8217; Author Robert Kiyosaki Because Fed Chair Powell &#8216;Finally Admitted Inflation Is Winning&#8217;</a>
Image made using AI via MidJourney

LEVI

TSLA

Wall Street Set For Strong Open Ahead Of Fed-Speech Deluge: Analyst Sees More Market Gains For Rest Of Year But Has A Word Of Caution

Resources Connection (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>) reported quarterly earnings of $0.17 per share which beat the analyst consensus estimate of $0.06 by 183.33 percent. The company reported quarterly sales of $151.300 million which missed the analyst consensus estimate of $152.772 million by 0.96 percent. This is a 18.99 percent decrease over sales of $186.777 million the same period last year.

Earnings Misses

Resources Connection Q3 2024 Adj EPS $0.17 Beats $0.06 Estimate, Sales $151.300M Miss $152.772M Estimate

Resources Connection (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>) reported quarterly sales of $151.300 million which missed the analyst consensus estimate of $152.772 million by 0.96 percent. This is a 18.99 percent decrease over sales of $186.777 million the same period last year.

Resources Connection Q3 Sales $151.300M Miss $152.772M Estimate

Resources Connection Appoints Bhadresh Patel As COO

Gloom persists on Wall Street as stock futures point to a sluggish start on Wednesday, with the tech space potentially pressured by recent setbacks and&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38062166/taiwan-shaken-by-massive-7-2-magnitude-earthquake-forcing-tsmc-to-suspend-chip-production" rel="noreferrer noopener">the earthquake in Taiwan</a>, home to several tech industry suppliers. Traders also face key data on services and jobs, along with remarks from several&nbsp;Federal Reserve&nbsp;officials.
Cues From Previous Session:
Rate worries weighed heavily on Tuesday, pushing all major averages down by more than 2%. Tuesday&#8217;s data releases, including a rebound in manufacturing activity and in-line job openings, reinforced concerns about a strong economy that could prompt the Fed to raise interest rates more aggressively. The indices opened significantly lower and remained flat for most of the session, with the Dow Jones Industrial Average and the S&amp;P 500 ending lower for a second consecutive day.
The sell-off was broad-based, with consumer discretionary, healthcare, and real estate stocks leading the decline. Energy stocks, on the other hand, rallied strongly on continued oil price strength, while utility and communication services edged higher. 
The Dow and Nasdaq Composite closed at their lowest points in two weeks, reflecting broader market anxieties.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.95%</td>
<td>16,240.45</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.72%</td>
<td>5,205.81</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-1.00%</td>
<td>39,170.24</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.80%</td>
<td>2,065.04</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Notwithstanding the recent lean patch, a fund manager is optimistic about a near-term recovery. &#8220;Spring is a happy time of year.  This good feeling rubs off on the stock market since April is a seasonally strong month,&#8221; said fund Louis Navellier. Citing Bespoke data, he said the Dow Industrials has posted an average April gain of 2.2% in the past 50 years.  
Navellier also sees another reason to be optimistic. &#8220;The other reason that April is such a strong month is due to annual pension funding before taxes are filed,&#8221; he said.
Futures Today
 Futures Performance On Wednesday ( as of 7 a.m. EDT)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.21%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.07%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.01%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.05%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In <a href="https://www.benzinga.com/premarket/" target="_blank" rel="noreferrer noopener">premarket</a>&nbsp;trading on Wednesday, the&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) slipped 0.05% to $518.35,&nbsp;and the&nbsp;Invesco QQQ ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.23% to $440.11 according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Upcoming Economic Data:
ADP is scheduled to release its March private payrolls report at 8:15 a.m. EDT. Economists, on average, expect, the private sector to have added 155,000 jobs compared to the 140,000 number for February.
S&amp;P Global will release its final service sector PMI for March at 9:45 a.m. EDT. The flash reading released last month came in at 51.7, down from 54.6 in February.
The ISM&#8217;s non-manufacturing PMI, due at 10 a.m. EDT, is widely expected to remain flattish at 52.7 for March.
The Energy Information Administration will release its customary weekly petroleum status report at 10:30 a.m. EDT.
Among the Fed speeches for the day are:
<ul>
<li>Fed Governor Michelle Bowman: 9:45 a.m. EDT</li>
<li>New York Fed President John Williams: noon EDT</li>
<li>Fed Chair Powell: 12:10 p.m. EDT</li>
<li>Fed Vice Chair for Supervisions Michael Barr: 1:10 p.m. EDT</li>
</ul>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>Dave &amp; Buster&#8217;s Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>) rallied over 7% <a href="https://www.benzinga.com/premarket">in premarket trading </a>following its results announcement, and Cal-Maine Foods, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALM#NASDAQ">CALM</a>) jumped over 8%.</li>
<li>Acuity Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>) slipped nearly 2% in reaction to its quarterly results.</li>
<li>BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>), Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>), and Resources Connection, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>) are among the companies <a href="https://www.benzinga.com/calendars/earnings">due to release their quarterly earnings </a>on Wednesday.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) declined about 1% in the follow-through sell-off post-first-quarter deliveries report.</li>
<li>Chipmaker Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) fell over 4% after its foundry unit posted a nearly $7 billion operating loss in 2023</li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) also slipped after their foundry Taiwan Semiconductor Manufacturing Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) was forced to evacuate its factory following an earthquake in the country.</li>
</ul>
Commodities, Bonds, and Global Equity Markets:
Crude oil futures rallied yet again on Wednesday and were closing in on the $86-a-barrel mark, while gold futures continued their record run. The yield on the benchmark 10-year Treasury remained flattish after the surge on Tuesday.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was flatlining and traded shy of the $66,000 level.
In equity markets, Asian stocks fell across the board on souring rate-cut hopes, while the major European stocks traded mostly higher amid the release of some weak domestic economic data.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38047230/historic-s-p-500-rally-in-q1-flashes-bullish-signals-for-2024-only-the-ninth-time-s">Historic S&amp;P 500 Rally In Q1 Flashes Bullish Signals For 2024: &#8216;Only The Ninth Time Since 1940&#8217;</a>
Photo by Tada Images on Shutterstock

Futures

INTC

NVDA

PLAY

Wall Street Set To Stumble At Open As Traders Eye Key Data, Fed Chair Powell's Speech: Analyst Finds 2 Reasons To Stay Optimistic In April

<h3>Companies Reporting Before The Bell</h3>
&bull; Acuity Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>) is projected to report quarterly earnings at $3.25 per share on revenue of $907.75 million.
&bull; Icecure Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICCM#NASDAQ">ICCM</a>) is estimated to report quarterly loss at $0.32 per share on revenue of $3.14 million.
&bull; Quhuo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QH#NASDAQ">QH</a>) is expected to report earnings for its Fiscal Year 2023.
&bull; BiomX (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PHGE#AMEX">PHGE</a>) is estimated to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; BM Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BMTX#AMEX">BMTX</a>) is projected to report quarterly loss at $0.25 per share on revenue of $14.95 million.
&bull; Novagold Resources (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NG#AMEX">NG</a>) is expected to report earnings for its first quarter.
&bull; Levi Strauss (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) is likely to report quarterly earnings at $0.21 per share on revenue of $1.55 billion.
&bull; Resources Connection (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>) is projected to report quarterly earnings at $0.05 per share on revenue of $152.77 million.
&bull; Sportsman&#39;s Warehouse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWH#NASDAQ">SPWH</a>) is expected to report quarterly loss at $0.30 per share on revenue of $372.62 million.
&bull; BlackBerry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) is expected to report quarterly loss at $0.03 per share on revenue of $154.59 million.
&bull; Simulations Plus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLP#NASDAQ">SLP</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $17.28 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

BMTX

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PHGE

SPWH

Earnings Scheduled For April 3, 2024

Consulting firm&nbsp;Resources Connection Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>) has entered into a definitive agreement to&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/b37980108/resources-connection-to-acquire-reference-point-llc" rel="noreferrer noopener">acquire&nbsp;Reference Point LLC&nbsp;for an unknown sum</a>.
Reference Point is a strategy, management, and technology consulting firm serving the financial services sector.
Reference Point&#8217;s focus includes Strategy &amp; Management, Risk &amp; Regulatory Compliance, Digital &amp; Technology and Data &amp; Analytics.
Reference Point was established in 2002 by former banking executives. It is headquartered in New York and has additional offices in Washington, D.C., and Charlotte, N.C.
The acquisition is expected to expand the portfolio of high-value advisory services RGP offers its financial services clients and will boost the growth of the firm&#8217;s financial services and overall consulting business.&nbsp;
After the close of the transaction, the current Reference Point management team, led by Scott Goeden, will continue to lead the business.
&#8220;The financial services industry constitutes one of the largest shares of U.S. management consulting spend, which is why it was among the first sectors we invested in and has been a top-three sector for us since inception,&#8221; said CEO Kate Duchene.
The transaction is expected to close by early summer 2024 and is subject to customary closing conditions.
Resources Connection held $95.7 million in cash and equivalents&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/01/b36478450/resources-connection-inc-reports-financial-results-for-second-quarter-fiscal-2024" rel="noreferrer noopener">as of November 25, 2023.</a>
Price Action: RGP shares are trading higher by 0.96% at $13.19 on the last check Thursday.
Photo via Shutterstock

General

Resources Connection Bolsters Financial Services Expertise With Strategic Acquisition Of Reference Point

Resources Connection to Acquire Reference Point, Terms Not Disclosed

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings" target="_blank">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including&nbsp;by analyst accuracy. Here&#39;s a look at the most recent high-yield dividend&nbsp;stock ratings from the most accurate Wall Street analysts, according to Benzinga&#39;s&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock&nbsp;</a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Ratings</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
<h3>HNI Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hni#NYSE">HNI</a>)</h3>
<ul>
<li>Dividend Yield: 3.03%</li>
<li>Benchmark analyst Reuben Garner maintained a Buy rating and boosted the price target from $36 to $45 on Aug. 9, 2023. This analyst has an accuracy rate of 84%.</li>
<li>Sidoti &amp; Co. analyst Gregory Burns upgraded the stock from Neutral to Buy with a price target of $34 on March 9, 2023. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: HNI reported better-than-expected third-quarter earnings.</li>
</ul>
<h3>Stanley Black &amp; Decker, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/swk#NYSE">SWK</a>)</h3>
<ul>
<li>Dividend Yield: 3.40%</li>
<li>JP Morgan analyst Michael Rehaut downgraded the stock from Neutral to Underweight with a price target of $89 on Dec. 14, 2023. This analyst has an accuracy rate of 70%.</li>
<li>Barclays analyst Julian Mitchell maintained an Overweight rating and slashed the price target from $120 to $105 on Oct. 30, 2023. This analyst has an accuracy rate of 76%.</li>
<li>Recent News: Stanley Black &amp; Decker, during October, reported a third-quarter FY23 sales decline of 4.1% year-on-year to $3.953 billion, missing the analyst consensus estimate of $3.965 billion.</li>
</ul>
<h3>Resources Connection, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgp#NASDAQ">RGP</a>)</h3>
<ul>
<li>Dividend Yield: 4.14%</li>
<li>JP Morgan analyst Andrew Steinerman maintained an Underweight rating and cut the price target from $16 to $14 on Oct. 5, 2023. This analyst has an accuracy rate of 81%.</li>
<li>Baird analyst Mark Marcon maintained a Neutral rating on the stock and cut the price target from $21 to $18 on April 5, 2023. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: Resources Connection posted better-than-expected results for its second quarter.</li>
</ul>
&nbsp;
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Resources Connection, Inc. declares $0.14 dividend

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Press Releases

Resources Connection to Participate in Noble Capital Markets Virtual Conference

Resources Connection Completes Acquisition of Reference Point

Resources Connection, Inc. to Announce Fourth Quarter and Full Fiscal Year 2024 Results on July 18, 2024

RGP Releases Latest Pulse Survey on Workforce Investment Priorities

Resources Connection, Inc. Reports Financial Results for Fourth Quarter and Full Fiscal Year 2024

Resources Connection, Inc. Announces Quarterly Dividend and Dividend Payment Date

Resources Connection, Inc.'s Donald B. Murray Resigns as Chairman of the Board

RGP Outlines Progress on Key Corporate Responsibility Initiatives

Resources Connection to Participate in the Sidoti Virtual Investor Conference

Resources Connection, Inc. to Announce Fiscal 2025 First Quarter Results on October 1, 2024

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