Wall Street analysts predict that Resources Connection, Inc. (NASDAQ:RECN) will post sales of $148.36 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Resources Connection’s earnings. The highest sales estimate is $148.70 million and the lowest is $148.04 million. Resources Connection posted sales of $152.52 million in the same quarter last year, which suggests a negative year-over-year growth rate of 2.7%. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, July 20th.

According to Zacks, analysts expect that Resources Connection will report full year sales of $148.36 million for the current financial year, with estimates ranging from $582.83 million to $583.49 million. For the next fiscal year, analysts forecast that the company will post sales of $584.55 million per share, with estimates ranging from $579.88 million to $593.65 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Resources Connection.

Resources Connection (NASDAQ:RECN) last announced its earnings results on Wednesday, April 5th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.05. The business had revenue of $143.80 million for the quarter, compared to analyst estimates of $145.88 million. Resources Connection had a return on equity of 8.29% and a net margin of 3.90%. The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 EPS.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Resources Connection from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 7th. TheStreet lowered shares of Resources Connection from a “b-” rating to a “c+” rating in a research report on Friday, May 26th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Resources Connection presently has an average rating of “Hold” and an average target price of $15.50.

Several institutional investors have recently bought and sold shares of RECN. Tudor Investment Corp ET AL acquired a new position in Resources Connection during the first quarter valued at $173,000. Bank of America Corp DE raised its stake in Resources Connection by 31.0% in the first quarter. Bank of America Corp DE now owns 109,018 shares of the business services provider’s stock worth $1,826,000 after buying an additional 25,794 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Resources Connection by 3.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 289,682 shares of the business services provider’s stock worth $4,853,000 after buying an additional 9,895 shares in the last quarter. KCG Holdings Inc. purchased a new stake in Resources Connection during the first quarter worth approximately $270,000. Finally, Citadel Advisors LLC raised its stake in Resources Connection by 60.8% in the first quarter. Citadel Advisors LLC now owns 98,192 shares of the business services provider’s stock worth $1,644,000 after buying an additional 37,137 shares in the last quarter. Institutional investors own 85.04% of the company’s stock.

Shares of Resources Connection (RECN) traded down 1.45% during trading on Thursday, reaching $13.60. 21,807 shares of the company’s stock were exchanged. Resources Connection has a 52 week low of $12.41 and a 52 week high of $19.80. The firm has a market capitalization of $403.28 million, a PE ratio of 21.05 and a beta of 1.21. The company’s 50-day moving average price is $13.21 and its 200 day moving average price is $15.61.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, May 18th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, May 16th. This represents a $0.44 annualized dividend and a dividend yield of 3.19%. Resources Connection’s dividend payout ratio (DPR) is 69.84%.

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Resources Connection Company Profile

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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