Somewhat Positive Media Coverage Somewhat Unlikely to Affect Resources Connection (RECN) Stock Price

Media coverage about Resources Connection (NASDAQ:RECN) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Resources Connection earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 47.0596736184146 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Resources Connection (NASDAQ RECN) traded down $0.20 during trading hours on Wednesday, reaching $16.40. The company’s stock had a trading volume of 134,900 shares, compared to its average volume of 204,850. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.19. Resources Connection has a twelve month low of $12.05 and a twelve month high of $17.58. The stock has a market capitalization of $520.82, a P/E ratio of 28.28 and a beta of 1.18.

Resources Connection (NASDAQ:RECN) last announced its quarterly earnings results on Wednesday, January 3rd. The business services provider reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.05. The company had revenue of $156.70 million during the quarter, compared to analysts’ expectations of $152.91 million. Resources Connection had a return on equity of 8.25% and a net margin of 2.98%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. analysts forecast that Resources Connection will post 0.83 EPS for the current year.

A number of analysts have issued reports on RECN shares. Zacks Investment Research raised Resources Connection from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Deutsche Bank reissued a “sell” rating and issued a $13.00 target price (up from $12.00) on shares of Resources Connection in a research report on Friday, October 6th. Robert W. Baird reissued a “hold” rating and issued a $15.00 target price on shares of Resources Connection in a research report on Friday, October 6th. BidaskClub downgraded Resources Connection from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, JPMorgan Chase & Co. downgraded Resources Connection from a “neutral” rating to an “underweight” rating and set a $16.00 target price for the company. in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.50.

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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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