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NASDAQ:RECNResources Connection Stock Price, Forecast & News

$12.73
-0.01 (-0.08 %)
(As of 08/13/2020 04:00 PM ET)
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Today's Range
$12.70
Now: $12.73
$13.00
50-Day Range
$10.89
MA: $11.61
$12.74
52-Week Range
$8.66
Now: $12.73
$17.93
Volume96,899 shs
Average Volume184,078 shs
Market Capitalization$407.70 million
P/E Ratio12.73
Dividend Yield5.43%
Beta1.22
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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Beat the Market (BTM) Rank

Analyst Opinion: 0.5Community Rank: 2.0Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.91 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$729 million
Cash Flow$1.61 per share
Book Value$8.82 per share

Profitability

Net Income$31.47 million

Miscellaneous

Employees3,896
Market Cap$407.70 million
Next Earnings Date9/30/2020 (Estimated)
OptionableOptionable
$12.73
-0.01 (-0.08 %)
(As of 08/13/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Resources Connection (NASDAQ:RECN) Frequently Asked Questions

How has Resources Connection's stock price been impacted by COVID-19 (Coronavirus)?

Resources Connection's stock was trading at $11.38 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, RECN shares have increased by 11.9% and is now trading at $12.73.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Resources Connection?

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

When is Resources Connection's next earnings date?

Resources Connection is scheduled to release its next quarterly earnings announcement on Wednesday, September 30th 2020.
View our earnings forecast for Resources Connection
.

How were Resources Connection's earnings last quarter?

Resources Connection, Inc. (NASDAQ:RECN) posted its earnings results on Thursday, April, 2nd. The business services provider reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.13 by $0.08. The business services provider had revenue of $168.10 million for the quarter, compared to analysts' expectations of $168.08 million. Resources Connection had a net margin of 4.52% and a return on equity of 11.74%. The firm's revenue was down 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.20 EPS.
View Resources Connection's earnings history
.

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

Resources Connection announced a quarterly dividend on Tuesday, January 28th. Investors of record on Thursday, February 20th will be given a dividend of $0.14 per share on Thursday, March 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date is Wednesday, February 19th.
View Resources Connection's dividend history
.

What price target have analysts set for RECN?

1 brokerages have issued 12 month price objectives for Resources Connection's shares. Their forecasts range from $10.00 to $10.00. On average, they expect Resources Connection's share price to reach $10.00 in the next year. This suggests that the stock has a possible downside of 21.4%.
View analysts' price targets for Resources Connection
.

Has Resources Connection been receiving favorable news coverage?

Media coverage about RECN stock has trended negative recently, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Resources Connection earned a media sentiment score of -2.4 on InfoTrie's scale. They also gave media stories about the business services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term.
View the latest news about Resources Connection
.

Are investors shorting Resources Connection?

Resources Connection saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 640,000 shares, an increase of 27.1% from the January 31st total of 503,600 shares. Based on an average trading volume of 152,300 shares, the days-to-cover ratio is presently 4.2 days. Currently, 2.1% of the shares of the company are sold short.
View Resources Connection's Short Interest
.

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), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Express (EXPR) and Hudson Technologies (HDSN).

Who are Resources Connection's key executives?

Resources Connection's management team includes the following 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

What is Resources Connection's stock symbol?

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

Who are Resources Connection's major shareholders?

Resources Connection's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Palisade Capital Management LLC NJ (4.53%), Bank of New York Mellon Corp (1.63%), Confluence Investment Management LLC (1.08%), UBS Group AG (0.81%), Principal Financial Group Inc. (0.75%) and Horrell Capital Management Inc. (0.74%). Company insiders that own Resources Connection stock include Anthony Cherbak, Donald B Murray, Jennifer Y Ryu, John D Bower, Kate W Duchene 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 Goldman Sachs Group Inc., Marshall Wace North America L.P., 6 Meridian, Fisher Asset Management LLC, Prudential Financial Inc., Confluence Investment Management LLC, Stone Ridge Asset Management LLC, and Grantham Mayo Van Otterloo & Co. LLC.
View insider buying and selling activity for Resources Connection
.

Which major investors are buying Resources Connection stock?

RECN stock was purchased by a variety of institutional investors in the last quarter, including Horrell Capital Management Inc., Bank of New York Mellon Corp, First Republic Investment Management Inc., UBS Group AG, MERIAN GLOBAL INVESTORS UK Ltd, Aigen Investment Management LP, Russell Investments Group Ltd., and First Trust Advisors LP.
View insider buying and selling activity 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 $12.73.

How big of a company is Resources Connection?

Resources Connection has a market capitalization of $407.70 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.

What is Resources Connection's official website?

The official website for Resources Connection is 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]

This page was last updated on 8/14/2020 by MarketBeat.com Staff

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