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NASDAQ:RECN - Resources Connection Stock Price, Forecast & News

$15.68
+0.11 (+0.71 %)
(As of 12/8/2019 03:28 PM ET)
Today's Range
$15.63
Now: $15.69
$15.89
50-Day Range
$13.90
MA: $14.95
$15.68
52-Week Range
$12.72
Now: $15.69
$17.93
Volume113,478 shs
Average Volume87,779 shs
Market Capitalization$502.39 million
P/E Ratio15.23
Dividend Yield3.59%
Beta1.14
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$502.39 million
Next Earnings Date1/2/2020 (Confirmed)
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. Shareholders of record on Tuesday, November 12th will be paid 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 3.57%. The ex-dividend date of this dividend is Friday, November 8th. View Resources Connection's Dividend History.

How were Resources Connection's earnings last quarter?

Resources Connection, Inc. (NASDAQ:RECN) released its quarterly earnings results on Wednesday, October, 2nd. The business services provider reported $0.15 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.14 by $0.01. The business services provider had revenue of $172.20 million for the quarter, compared to analyst estimates of $173.02 million. Resources Connection had a return on equity of 11.31% and a net margin of 4.24%. Resources Connection's revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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.

How can I listen to Resources Connection's earnings call?

Resources Connection will be holding an earnings conference call on Thursday, January 2nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for RECN?

1 brokerages have issued 12-month price targets for Resources Connection's stock. Their forecasts range from $16.00 to $16.00. On average, they expect Resources Connection's stock price to reach $16.00 in the next year. This suggests a possible upside of 2.0% 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?

News stories about RECN stock have been trending somewhat positive this week, according to InfoTrie. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Resources Connection earned a media sentiment score of 2.0 on InfoTrie's scale. They also gave media stories about the business services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Resources Connection.

Are investors shorting Resources Connection?

Resources Connection saw a decline in short interest in November. As of November 15th, there was short interest totalling 499,700 shares, a decline of 28.1% from the October 31st total of 695,000 shares. Based on an average daily trading volume, of 191,500 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.7% of the company's stock are sold short. 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), BlackRock (BLK), Charles Schwab (SCHW), Endologix (ELGX), Frontier Communications (FTR), Athabasca Oil (ATH), Hudson Technologies (HDSN), Apollo Commercial Real Est. Finance (ARI) and Express (EXPR).

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 a number of of retail and institutional investors. Top institutional shareholders include State Street Corp (3.06%), River Road Asset Management LLC (2.91%), Confluence Investment Management LLC (1.10%), Rhumbline Advisers (0.51%), Assenagon Asset Management S.A. (0.44%) and California Public Employees Retirement System (0.35%). 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 institutional investors are selling Resources Connection stock?

RECN stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, 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 Barclays PLC. 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 institutional investors are buying Resources Connection stock?

RECN stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Campbell & CO Investment Adviser LLC, Rhumbline Advisers, Squarepoint Ops LLC, First Trust Advisors LP, State of Alaska Department of Revenue, Zebra Capital Management LLC and California Public Employees 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 $15.69.

How big of a company is Resources Connection?

Resources Connection has a market capitalization of $502.39 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:  222 (Vote Outperform)
Underperform Votes:  364 (Vote Underperform)
Total Votes:  586
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 12/8/2019 by MarketBeat.com Staff

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