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NASDAQ:RECNResources Connection Stock Price, Forecast & News

$10.52
-0.06 (-0.57 %)
(As of 05/26/2020 02:14 PM ET)
Add
Compare
Today's Range
$10.36
Now: $10.52
$10.81
50-Day Range
$9.58
MA: $10.34
$10.88
52-Week Range
$8.66
Now: $10.52
$17.93
Volume165,813 shs
Average Volume184,078 shs
Market Capitalization$336.92 million
P/E Ratio10.52
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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Resources Connection logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.5Community Rank: 2.0Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.51 out of 5 stars


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$1.33 per share
Book Value$8.82 per share

Profitability

Net Income$31.47 million

Miscellaneous

Employees3,896
Market Cap$336.92 million
Next Earnings Date7/16/2020 (Estimated)
OptionableOptionable

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Resources Connection (NASDAQ:RECN) Frequently Asked Questions

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

Resources Connection's stock was trading at $11.38 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, RECN stock has decreased by 7.6% and is now trading at $10.52. View which stocks have been most impacted by Coronavirus.

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 Thursday, July 16th 2020. View our earnings forecast for Resources Connection.

How were Resources Connection's earnings last quarter?

Resources Connection, Inc. (NASDAQ:RECN) announced its quarterly earnings results on Thursday, April, 2nd. The business services provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. The business services provider had revenue of $168.10 million for the quarter, compared to analyst estimates of $168.08 million. Resources Connection had a return on equity of 11.74% and a net margin of 4.52%. The company's revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Shareholders 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 annualized dividend and a yield of 5.32%. The ex-dividend date of this dividend is Wednesday, February 19th. View Resources Connection's dividend history.

What price target have analysts set for RECN?

1 brokers have issued 12-month price targets for Resources Connection's shares. Their forecasts range from $10.00 to $10.00. On average, they expect Resources Connection's stock price to reach $10.00 in the next twelve months. This suggests that the stock has a possible downside of 4.9%. View analysts' price targets for Resources Connection.

Has Resources Connection been receiving favorable news coverage?

News coverage about RECN stock has trended negative this week, according to InfoTrie. The research group identifies positive and negative news coverage by analyzing 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 news sentiment score of -2.6 on InfoTrie's scale. They also assigned media stories about the business services provider a news buzz of 9.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near term. View the latest news aboutResources 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), BlackRock (BLK), Charles Schwab (SCHW), Endologix (ELGX), Frontier Communications (FTR), AutoZone (AZO), Express (EXPR), Hudson Technologies (HDSN) and Ring Energy (REI).

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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.02%), State Street Corp (3.85%), Geode Capital Management LLC (2.19%), Bank of New York Mellon Corp (1.48%), Confluence Investment Management LLC (1.08%) and Invesco Ltd. (0.90%). 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 institutional investors are selling Resources Connection stock?

RECN stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Morgan Stanley, BlackRock Inc., JPMorgan Chase & Co., Acadian Asset Management LLC, APG Asset Management N.V., APG Asset Management N.V., and IndexIQ Advisors LLC. View insider buying and selling activity for Resources Connection.

Which institutional investors are buying Resources Connection stock?

RECN stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Horrell Capital Management Inc., Grantham Mayo Van Otterloo & Co. LLC, Los Angeles Capital Management & Equity Research Inc., 6 Meridian, North Star Investment Management Corp., UBS Group AG, and Deprince Race & Zollo Inc.. 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 $10.52.

How big of a company is Resources Connection?

Resources Connection has a market capitalization of $336.92 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 5/26/2020 by MarketBeat.com Staff

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