News coverage about Resources Connection (NASDAQ:RECN) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Resources Connection earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 45.6549964443434 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Resources Connection (RECN) traded up 2.44% during mid-day trading on Tuesday, hitting $12.60. The company had a trading volume of 116,934 shares. Resources Connection has a 12 month low of $12.05 and a 12 month high of $19.80. The firm has a market capitalization of $376.32 million, a P/E ratio of 22.50 and a beta of 1.21. The company has a 50-day moving average price of $12.77 and a 200 day moving average price of $14.00.
Resources Connection (NASDAQ:RECN) last released its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The business had revenue of $148.60 million during the quarter, compared to analyst estimates of $148.46 million. Resources Connection had a return on equity of 8.08% and a net margin of 3.20%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. Equities analysts forecast that Resources Connection will post $0.70 EPS for the current fiscal year.
The firm also recently declared 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 boost from Resources Connection’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, August 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.81%. Resources Connection’s dividend payout ratio is presently 87.27%.
RECN has been the subject of a number of analyst reports. Robert W. Baird restated a “hold” rating and issued a $15.00 price target on shares of Resources Connection in a research report on Friday, August 25th. TheStreet cut Resources Connection from a “b-” rating to a “c+” rating in a research report on Friday, May 26th. Zacks Investment Research upgraded Resources Connection from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 7th. BidaskClub cut Resources Connection from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Deutsche Bank AG reduced their price target on Resources Connection from $14.00 to $12.00 and set a “sell” rating for the company in a research report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Resources Connection currently has an average rating of “Sell” and a consensus price target of $15.33.
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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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