Resources Connection (RECN) Receiving Somewhat Favorable Press Coverage, Analysis Finds

News articles about Resources Connection (NASDAQ:RECN) have trended somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Resources Connection earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 44.9538583099755 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

A number of equities research analysts recently weighed in on RECN shares. Zacks Investment Research raised shares of Resources Connection from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Saturday, October 7th. Robert W. Baird reissued a “hold” rating and set a $15.00 price target on shares of Resources Connection in a research note on Friday, August 25th. Deutsche Bank AG reissued a “sell” rating and set a $13.00 price target (up from $12.00) on shares of Resources Connection in a research note on Friday, October 6th. Finally, BidaskClub downgraded shares of Resources Connection from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Resources Connection presently has an average rating of “Hold” and an average target price of $15.00.

Shares of Resources Connection (NASDAQ:RECN) traded up 1.69% on Wednesday, reaching $15.00. 88,460 shares of the company were exchanged. The company has a market cap of $448.01 million, a price-to-earnings ratio of 26.79 and a beta of 1.18. Resources Connection has a 12 month low of $12.05 and a 12 month high of $19.80. The company’s 50-day moving average price is $13.25 and its 200 day moving average price is $13.46.

Resources Connection (NASDAQ:RECN) last released its quarterly earnings results on Wednesday, October 4th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. Resources Connection had a net margin of 2.60% and a return on equity of 8.08%. The firm had revenue of $141.20 million during the quarter, compared to analyst estimates of $140.29 million. During the same quarter last year, the business earned $0.15 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts expect that Resources Connection will post $0.69 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Thursday, August 24th were issued a dividend of $0.12 per share. This is a positive change from Resources Connection’s previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, August 22nd. This represents a $0.48 annualized dividend and a yield of 3.20%. Resources Connection’s dividend payout ratio (DPR) is presently 102.13%.

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About Resources Connection

Resources Connection, Inc is a multinational consulting firm. The Company’s operating entities primarily provide services under the name Resources Global Professionals (RGP). The Company provides consulting and business initiative support services to its global client base in the areas of accounting; finance; corporate governance, risk and compliance (GRC) management; corporate advisory, strategic communications and restructuring; information management; human capital; supply chain management, and legal and regulatory.

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