Headlines about Resources Connection (NASDAQ:RECN) have trended somewhat positive recently, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Resources Connection earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 45.6549964443434 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several analysts recently weighed in on the company. BidaskClub lowered Resources Connection from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research upgraded Resources Connection from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 7th. TheStreet lowered Resources Connection from a “b-” rating to a “c+” rating in a report on Friday, May 26th. Robert W. Baird restated a “hold” rating and set a $15.00 price target on shares of Resources Connection in a report on Friday, August 25th. Finally, Deutsche Bank AG decreased their price target on Resources Connection from $14.00 to $12.00 and set a “sell” rating on the stock in a report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock has a consensus rating of “Sell” and a consensus target price of $15.33.
Resources Connection (RECN) traded down 1.95% during mid-day trading on Tuesday, reaching $12.60. The company’s stock had a trading volume of 118,175 shares. The stock has a market cap of $376.32 million, a price-to-earnings ratio of 22.50 and a beta of 1.21. The firm’s 50 day moving average price is $12.62 and its 200 day moving average price is $13.82. Resources Connection has a 12-month low of $12.05 and a 12-month high of $19.80.
Resources Connection (NASDAQ:RECN) last announced its quarterly earnings data on Thursday, July 20th. The business services provider reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.02). The firm had revenue of $148.60 million during the quarter, compared to the consensus estimate of $148.46 million. Resources Connection had a net margin of 3.20% and a return on equity of 8.08%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. On average, equities analysts predict that Resources Connection will post $0.70 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, August 24th will be issued a $0.12 dividend. This is a positive change from Resources Connection’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Tuesday, August 22nd. Resources Connection’s payout ratio is currently 87.27%.
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About Resources Connection
Resources Connection, Inc is a multinational consulting firm. The Company’s operating entities primarily provide services under the name Resources Global Professionals (RGP). The Company provides consulting and business initiative support services to its global client base in the areas of accounting; finance; corporate governance, risk and compliance (GRC) management; corporate advisory, strategic communications and restructuring; information management; human capital; supply chain management, and legal and regulatory.
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