Media coverage about Resources Connection (NASDAQ:RECN) has trended somewhat positive on Wednesday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Resources Connection earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 47.0596736184146 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Resources Connection (NASDAQ RECN) traded down $0.20 on Wednesday, hitting $16.40. The company 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. The stock has a market capitalization of $520.82, a P/E ratio of 28.28 and a beta of 1.18. Resources Connection has a one year low of $12.05 and a one year high of $17.58.
Resources Connection (NASDAQ:RECN) last issued its quarterly earnings results on Wednesday, January 3rd. The business services provider reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. The company had revenue of $156.70 million during the quarter, compared to the consensus estimate of $152.91 million. Resources Connection had a return on equity of 8.25% and a net margin of 2.98%. Resources Connection’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the business posted $0.26 earnings per share. sell-side analysts anticipate that Resources Connection will post 0.83 EPS for the current year.
A number of research analysts have recently weighed in on RECN shares. Zacks Investment Research upgraded Resources Connection from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Deutsche Bank restated a “sell” rating and issued a $13.00 target price (up previously from $12.00) on shares of Resources Connection in a report on Friday, October 6th. Robert W. Baird reaffirmed a “hold” rating and set a $15.00 price target on shares of Resources Connection in a research report on Friday, November 10th. BidaskClub downgraded Resources Connection from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, TheStreet raised Resources Connection from a “c+” rating to a “b” rating in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.50.
Resources Connection Company Profile
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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