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

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$16.58 +0.01 (+0.06 %)
(As of 11/16/2018 04:00 PM ET)
Previous Close$16.58
Today's Range$16.29 - $16.73
52-Week Range$13.20 - $19.50
Volume116,182 shs
Average Volume160,843 shs
Market Capitalization$514.78 million
P/E Ratio16.92
Dividend Yield3.19%
Beta1.02
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. It also provides information management services comprising program and project management, business and technology integration, data strategy, and business performance management. In addition, the company offers corporate advisory, strategic and crisis communications, and restructuring services; and governance, risk, and compliance (GRC) management services that include governance, assessments, auditing and automation of programs managing regulatory compliance, enterprise risk management, internal audits, operational risk management, and data security and privacy services. Further, it provides strategy development, procurement and supplier management, logistics and materials management, supply chain planning and forecasting, and unique device identification compliance; and change management, organization development and effectiveness, employment engagement, compensation and incentive plan strategies and design, and optimization of human resources technology and operations. Additionally, the company offers legal and regulatory supporting services for commercial transactions, global compliance initiatives, law department operations, and law department business strategy and analytics. It also provides policyIQ, a cloud-based GRC software application. The company was formerly known as RC Transaction Corp. and changed its name to Resources Connection, Inc. in August 2000. Resources Connection, Inc. was founded in 1996 and is headquartered in Irvine, California.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio0.22
Current Ratio2.37
Quick Ratio2.37

Price-To-Earnings

Trailing P/E Ratio16.92
Forward P/E Ratio19.06
P/E GrowthN/A

Sales & Book Value

Annual Sales$654.13 million
Price / Sales0.80
Cash Flow$1.2191 per share
Price / Cash13.60
Book Value$8.53 per share
Price / Book1.94

Profitability

EPS (Most Recent Fiscal Year)$0.98
Net Income$18.82 million
Net Margins3.25%
Return on Equity10.89%
Return on Assets7.02%

Miscellaneous

Employees4,153
Outstanding Shares31,540,000
Market Cap$514.78 million
OptionableOptionable

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 declared a quarterly dividend on Tuesday, October 16th. Stockholders of record on Tuesday, November 13th will be paid a dividend of $0.13 per share on Tuesday, December 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Friday, November 9th. View Resources Connection's Dividend History.

How were Resources Connection's earnings last quarter?

Resources Connection, Inc. (NASDAQ:RECN) posted its quarterly earnings results on Wednesday, October, 3rd. The business services provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.07. The business services provider earned $178.60 million during the quarter, compared to the consensus estimate of $173.60 million. Resources Connection had a return on equity of 10.89% and a net margin of 3.25%. Resources Connection's revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 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 Wednesday, January 2nd 2019. View Earnings Estimates for Resources Connection.

What price target have analysts set for RECN?

2 Wall Street analysts have issued 1-year target prices for Resources Connection's stock. Their predictions range from $16.00 to $17.00. On average, they anticipate Resources Connection's share price to reach $16.50 in the next twelve months. This suggests that the stock has a possible downside of 0.5%. View Analyst Price Targets for Resources Connection.

What is the consensus analysts' recommendation for Resources Connection?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Resources Connection in the last year. There are currently 1 sell rating and 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 articles about RECN stock have been trending neutral this week, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press 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 positive five, with scores closest to five being the most favorable. Resources Connection earned a news impact score of 0.1 on InfoTrie's scale. They also assigned media headlines about the business services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days.

Who are some of Resources Connection's key competitors?

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 71)
  • Ms. Kate W. Duchene, CEO, Pres & Director (Age 55)
  • Mr. Herbert M. Mueller, CFO & Exec. VP (Age 61)
  • Mr. John D. Bower, Chief Accounting Officer (Age 57)
  • Mr. Brandon Johnson, Exec. VP & Chief Information Officer (Age 52)

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 BlackRock Inc. (14.61%), Dimensional Fund Advisors LP (8.21%), Royce & Associates LP (4.88%), River Road Asset Management LLC (2.86%), Bank of New York Mellon Corp (1.66%) and Brandes Investment Partners LP (1.17%). Company insiders that own Resources Connection stock include Anthony Cherbak, John D Bower and Michael H Wargotz. 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 Royce & Associates LP, Brandes Investment Partners LP, Panagora Asset Management Inc., JPMorgan Chase & Co., JPMorgan Chase & Co., Fisher Asset Management LLC, Prudential Financial Inc. and Citadel Advisors LLC. Company insiders that have sold Resources Connection company stock in the last year include Anthony Cherbak, John D Bower and Michael H Wargotz. 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 Confluence Investment Management LLC, BlackRock Inc., AQR Capital Management LLC, Assenagon Asset Management S.A., Dimensional Fund Advisors LP, First Trust Advisors LP, WINTON GROUP Ltd and Rice Hall James & Associates LLC. 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, Scottrade, Fidelity and Charles Schwab.

What is Resources Connection's stock price today?

One share of RECN stock can currently be purchased for approximately $16.58.

How big of a company is Resources Connection?

Resources Connection has a market capitalization of $514.78 million and generates $654.13 million in revenue each year. The business services provider earns $18.82 million in net income (profit) each year or $0.98 on an earnings per share basis. Resources Connection employs 4,153 workers across the globe.

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:  1.8 out of 5 (star)
Outperform Votes:  163 (Vote Outperform)
Underperform Votes:  301 (Vote Underperform)
Total Votes:  464
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 11/17/2018 by MarketBeat.com Staff

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