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

$16.80
-0.08 (-0.47 %)
(As of 08/20/2019 10:36 AM ET)
Today's Range
$16.77
Now: $16.80
$16.90
50-Day Range
$15.76
MA: $16.71
$17.82
52-Week Range
$12.72
Now: $16.80
$19.50
Volume6,293 shs
Average Volume184,659 shs
Market Capitalization$535.08 million
P/E Ratio16.31
Dividend Yield3.06%
Beta1.17
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$1.2883 per share
Book Value$8.82 per share

Profitability

Net Income$31.47 million

Miscellaneous

Employees3,896
Market Cap$535.08 million
Next Earnings Date10/2/2019 (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 declared a quarterly dividend on Friday, July 26th. Stockholders of record on Thursday, August 22nd will be given a dividend of $0.14 per share on Thursday, September 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Wednesday, August 21st. This is a boost from Resources Connection's previous quarterly dividend of $0.13. View Resources Connection's Dividend History.

How were Resources Connection's earnings last quarter?

Resources Connection, Inc. (NASDAQ:RECN) released its earnings results on Thursday, July, 18th. The business services provider reported $0.29 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.27 by $0.02. The business services provider had revenue of $182.10 million for the quarter, compared to analysts' expectations of $182.44 million. Resources Connection had a return on equity of 11.96% and a net margin of 4.32%. The business's revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 earnings per share. 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, October 2nd 2019. View Earnings Estimates for Resources Connection.

What price target have analysts set for RECN?

1 brokers have issued 12 month target prices for Resources Connection's stock. Their predictions range from $16.00 to $16.00. On average, they expect Resources Connection's share price to reach $16.00 in the next year. This suggests that the stock has a possible downside of 4.8%. 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 somewhat positive on Tuesday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Resources Connection earned a media sentiment score of 0.8 on InfoTrie's scale. They also gave press 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 effect on the company's share price in the near term. View News Stories for Resources Connection.

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 investors include BlackRock Inc. (14.65%), Vanguard Group Inc. (10.22%), Invesco Ltd. (2.68%), Grandeur Peak Global Advisors LLC (2.32%), Bank of New York Mellon Corp (1.63%) and Northern Trust Corp (1.31%). 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 Sapience Investments LLC, Marshall Wace LLP, Acadian Asset Management LLC, Citadel Advisors LLC, Panagora Asset Management Inc., Deprince Race & Zollo Inc., Grandeur Peak Global Advisors LLC and Pinebridge Investments L.P.. 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 purchased by a variety of institutional investors in the last quarter, including Clark Estates Inc. NY, Nuveen Asset Management LLC, Morgan Stanley, BlackRock Inc., Grantham Mayo Van Otterloo & Co. LLC, Invesco Ltd., Charles Schwab Investment Management Inc. and Horrell Capital Management Inc.. 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 $16.80.

How big of a company is Resources Connection?

Resources Connection has a market capitalization of $535.08 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:  1.8 out of 5 (star)
Outperform Votes:  197 (Vote Outperform)
Underperform Votes:  341 (Vote Underperform)
Total Votes:  538
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 8/20/2019 by MarketBeat.com Staff

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