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NASDAQ:RECN

Resources Connection Stock Forecast, Price & News

$11.24
-0.39 (-3.35 %)
(As of 09/23/2020 12:00 AM ET)
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Today's Range
$11.22
Now: $11.24
$11.75
50-Day Range
$10.32
MA: $12.14
$12.87
52-Week Range
$8.66
Now: $11.24
$17.93
Volume156,021 shs
Average Volume184,078 shs
Market Capitalization$359.98 million
P/E Ratio11.24
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$1.42 per share
Book Value$8.82 per share

Profitability

Net Income$31.47 million

Miscellaneous

Employees3,896
Market Cap$359.98 million
Next Earnings Date9/30/2020 (Estimated)
OptionableOptionable
$11.24
-0.39 (-3.35 %)
(As of 09/23/2020 12:00 AM 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 been impacted by Coronavirus (COVID-19)?

Resources Connection's stock was trading at $11.38 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, RECN stock has decreased by 1.2% and is now trading at $11.24.
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) announced its quarterly earnings results on Thursday, April, 2nd. The business services provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. The business services provider earned $168.10 million during the quarter, compared to the consensus estimate of $168.08 million. Resources Connection had a net margin of 4.52% and a return on equity of 11.74%. Resources Connection's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share.
View Resources Connection's earnings history
.

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

Resources Connection declared a quarterly dividend on Tuesday, January 28th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.14 per share on Thursday, March 19th. This represents a $0.56 annualized dividend and a dividend yield of 4.98%. The ex-dividend date is Wednesday, February 19th.
View Resources Connection's dividend history
.

What price target have analysts set for RECN?

1 Wall Street analysts have issued 12-month target prices 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 11.0%.
View analysts' price targets 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), BlackRock (BLK), Endologix (ELGX), Frontier Communications (FTR), Accenture (ACN), Athabasca Oil (ATH), 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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.20%), Palisade Capital Management LLC NJ (4.53%), Bank of New York Mellon Corp (1.63%), Charles Schwab Investment Management Inc. (1.33%), Confluence Investment Management LLC (1.08%) and UBS Group AG (0.81%). 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., Vanguard Group Inc., Marshall Wace North America L.P., Charles Schwab Investment Management Inc., 6 Meridian, Fisher Asset Management LLC, Prudential Financial Inc., and Confluence Investment Management LLC.
View insider buying and selling activity for Resources Connection
.

Which major investors are buying Resources Connection stock?

RECN stock was bought by a variety of institutional investors in the last quarter, including Euclidean Technologies Management LLC, Horrell Capital Management Inc., AQR Capital Management LLC, Bank of New York Mellon Corp, First Republic Investment Management Inc., Jacobs Levy Equity Management Inc., UBS Group AG, and MERIAN GLOBAL INVESTORS UK Ltd.
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 $11.24.

How big of a company is Resources Connection?

Resources Connection has a market capitalization of $359.98 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 9/25/2020 by MarketBeat.com Staff

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