Media coverage about Resources Connection (NASDAQ:RECN) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Resources Connection earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 46.3766115750439 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of brokerages have commented on RECN. Robert W. Baird reiterated a “hold” rating and issued a $17.00 target price on shares of Resources Connection in a report on Thursday, April 5th. BidaskClub upgraded Resources Connection from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research lowered Resources Connection from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, TheStreet upgraded Resources Connection from a “c+” rating to a “b” rating in a research note on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $16.00.
NASDAQ RECN traded down $0.10 during trading hours on Thursday, reaching $15.90. The stock had a trading volume of 47,846 shares, compared to its average volume of 143,930. The firm has a market cap of $496.37, a P/E ratio of 21.00 and a beta of 1.14. Resources Connection has a 52-week low of $12.05 and a 52-week high of $17.00. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.23.
Resources Connection (NASDAQ:RECN) last issued its earnings results on Wednesday, April 4th. The business services provider reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.04. The firm had revenue of $172.40 million for the quarter, compared to analyst estimates of $170.50 million. Resources Connection had a return on equity of 9.15% and a net margin of 3.12%. Resources Connection’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 earnings per share. research analysts expect that Resources Connection will post 0.83 earnings per share for the current year.
In other Resources Connection news, Director Michael H. Wargotz sold 6,200 shares of the business’s stock in a transaction that occurred on Monday, April 9th. The stock was sold at an average price of $15.36, for a total value of $95,232.00. Following the completion of the transaction, the director now directly owns 29,073 shares of the company’s stock, valued at $446,561.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.80% of the company’s stock.
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About Resources Connection
Resources Connection, Inc provides agile consulting services in North America, Europe, and the Asia Pacific. The company offers finance and accounting services, including process transformation and optimization, financial reporting and analysis, technical and operational accounting, merger and acquisition due diligence and integration, audit readiness, preparation and response, implementation of new accounting standards, and remediation support.
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