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Resources Connection Stock Price, Forecast & Analysis (NASDAQ:RECN)

$15.00
+0.13 (+0.87 %)
(As of 11/12/2019 04:00 PM ET)
Today's Range
$14.95
Now: $15.00
$15.10
50-Day Range
$13.73
MA: $15.04
$17.88
52-Week Range
$12.72
Now: $15.00
$17.93
Volume5,631 shs
Average Volume173,778 shs
Market Capitalization$480.45 million
P/E Ratio14.56
Dividend Yield3.77%
Beta1.12
Resources Connection, Inc provides business consulting services under the Resources Global Professionals name in North America, Europe, and the Asia Pacific. The company offers process transformation and optimization, financial reporting and analysis, technical and operational accounting, and merger and acquisition due diligence and integration services; new accounting standards implementation and remediation support services; and audit readiness, and preparation and response services. Read More…

Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryResearch & Consulting Services
SectorBusiness Services
Current SymbolNASDAQ:RECN
CUSIP76122Q10
Phone714-430-6400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$729 million
Cash Flow$1.31 per share
Book Value$8.82 per share

Profitability

Net Income$31.47 million

Miscellaneous

Employees3,896
Market Cap$480.45 million
Next Earnings Date1/2/2020 (Estimated)
OptionableOptionable

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Resources Connection (NASDAQ:RECN) Frequently Asked Questions

What is Resources Connection's stock symbol?

Resources Connection trades on the NASDAQ under the ticker symbol "RECN."

How often does Resources Connection pay dividends? What is the dividend yield for Resources Connection?

Resources Connection announced a quarterly dividend on Thursday, October 17th. Investors of record on Tuesday, November 12th will be given a dividend of $0.14 per share on Tuesday, December 10th. This represents a $0.56 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Friday, November 8th. View Resources Connection's Dividend History.

How were Resources Connection's earnings last quarter?

Resources Connection, Inc. (NASDAQ:RECN) posted its quarterly earnings data on Wednesday, October, 2nd. The business services provider reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. The business services provider earned $172.20 million during the quarter, compared to analyst estimates of $173.02 million. Resources Connection had a net margin of 4.24% and a return on equity of 11.31%. The firm's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. View Resources Connection's Earnings History.

When is Resources Connection's next earnings date?

Resources Connection is scheduled to release their next quarterly earnings announcement on Thursday, January 2nd 2020. View Earnings Estimates for Resources Connection.

What price target have analysts set for RECN?

1 brokerages have issued 1-year price targets for Resources Connection's shares. Their forecasts range from $16.00 to $16.00. On average, they anticipate Resources Connection's share price to reach $16.00 in the next twelve months. This suggests a possible upside of 6.7% from the stock's current price. View Analyst Price Targets for Resources Connection.

What is the consensus analysts' recommendation for Resources Connection?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Resources Connection in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Resources Connection.

Has Resources Connection been receiving favorable news coverage?

Press coverage about RECN stock has been trending very negative this week, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Resources Connection earned a coverage optimism score of -3.2 on InfoTrie's scale. They also assigned news coverage about the business services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for Resources Connection.

Are investors shorting Resources Connection?

Resources Connection saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 695,000 shares, an increase of 57.8% from the September 30th total of 440,500 shares. Based on an average daily trading volume, of 198,300 shares, the days-to-cover ratio is currently 3.5 days. Approximately 2.3% of the shares of the company are short sold. View Resources Connection's Current Options Chain.

Who are some of Resources Connection's key competitors?

What other stocks do shareholders of Resources Connection own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Resources Connection investors own include Hawkins (HWKN), CA (CA), Charles Schwab (SCHW), Endologix (ELGX), BlackRock (BLK), Athabasca Oil (ATH), Frontier Communications (FTR), Hudson Technologies (HDSN), MTGE Investment (MTGE) and YY (YY).

Who are Resources Connection's key executives?

Resources Connection's management team includes the folowing people:
  • Mr. Donald B. Murray, Co-Founder & Exec. Chairman (Age 72)
  • Ms. Kate W. Duchene, CEO & Director (Age 56)
  • Mr. Herbert M. Mueller, CFO, Principal Accounting Officer & Exec. VP (Age 62)
  • Mr. John D. Bower, Exec. Advisor (Age 58)
  • Mr. Timothy L. Brackney, Pres & COO

Who are Resources Connection's major shareholders?

Resources Connection's stock is owned by many different of retail and institutional investors. Top institutional shareholders include River Road Asset Management LLC (2.91%), Confluence Investment Management LLC (1.10%), Rhumbline Advisers (0.51%), Assenagon Asset Management S.A. (0.44%), California Public Employees Retirement System (0.35%) and Rice Hall James & Associates LLC (0.34%). Company insiders that own Resources Connection stock include Anthony Cherbak, Donald B Murray, John D Bower, Kate W Duchene, Michael H Wargotz and Susan J Crawford. View Institutional Ownership Trends for Resources Connection.

Which major investors are selling Resources Connection stock?

RECN stock was sold by a variety of institutional investors in the last quarter, including River Road Asset Management LLC, Systematic Financial Management LP, Rice Hall James & Associates LLC, Confluence Investment Management LLC, Municipal Employees Retirement System of Michigan, Strs Ohio and State of Tennessee Treasury Department. Company insiders that have sold Resources Connection company stock in the last year include Anthony Cherbak, Donald B Murray, John D Bower, Kate W Duchene and Susan J Crawford. View Insider Buying and Selling for Resources Connection.

Which major investors are buying Resources Connection stock?

RECN stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Campbell & CO Investment Adviser LLC, Rhumbline Advisers, First Trust Advisors LP, State of Alaska Department of Revenue, California Public Employees Retirement System, Pacer Advisors Inc. and New York State Teachers Retirement System. View Insider Buying and Selling for Resources Connection.

How do I buy shares of Resources Connection?

Shares of RECN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Resources Connection's stock price today?

One share of RECN stock can currently be purchased for approximately $15.00.

How big of a company is Resources Connection?

Resources Connection has a market capitalization of $480.45 million and generates $729 million in revenue each year. The business services provider earns $31.47 million in net income (profit) each year or $1.03 on an earnings per share basis. Resources Connection employs 3,896 workers across the globe.View Additional Information About Resources Connection.

What is Resources Connection's official website?

The official website for Resources Connection is http://www.rgp.com/.

How can I contact Resources Connection?

Resources Connection's mailing address is 17101 ARMSTRONG AVENUE, IRVINE CA, 92614. The business services provider can be reached via phone at 714-430-6400 or via email at [email protected]


MarketBeat Community Rating for Resources Connection (NASDAQ RECN)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  216 (Vote Outperform)
Underperform Votes:  359 (Vote Underperform)
Total Votes:  575
MarketBeat's community ratings are surveys of what our community members think about Resources Connection and other stocks. Vote "Outperform" if you believe RECN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RECN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/12/2019 by MarketBeat.com Staff

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