Media coverage about Resources Connection (NASDAQ:RECN) has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Resources Connection earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.7136844004872 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
RECN has been the topic of several analyst reports. Robert W. Baird reiterated a “hold” rating and set a $15.00 price target on shares of Resources Connection in a report on Friday, October 6th. BidaskClub lowered Resources Connection from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research lowered Resources Connection from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, Deutsche Bank reiterated a “sell” rating and set a $13.00 price target (up previously from $12.00) on shares of Resources Connection in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $15.00.
Resources Connection (RECN) traded up $0.10 during midday trading on Tuesday, hitting $15.45. The stock had a trading volume of 111,200 shares, compared to its average volume of 130,078. Resources Connection has a fifty-two week low of $12.05 and a fifty-two week high of $19.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.82 and a current ratio of 2.82. The stock has a market cap of $465.48, a price-to-earnings ratio of 32.87 and a beta of 1.18.
Resources Connection (NASDAQ:RECN) last posted its quarterly earnings results on Wednesday, October 4th. The business services provider reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. Resources Connection had a return on equity of 8.08% and a net margin of 2.60%. The business had revenue of $141.20 million for the quarter, compared to analyst estimates of $140.29 million. During the same quarter in the previous year, the firm earned $0.15 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. equities research analysts expect that Resources Connection will post 0.67 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 3.11%. Resources Connection’s dividend payout ratio is presently 102.13%.
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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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