Resources Connection, Inc. (NASDAQ:RECN) Scheduled to Post Earnings on Thursday
Resources Connection, Inc. (NASDAQ:RECN) will be issuing its quarterly earnings data after the market closes on Thursday, July 20th. Analysts expect the company to announce earnings of $0.26 per share for the quarter.
Shares of Resources Connection, Inc. (RECN) traded up 2.18% on Thursday, reaching $14.05. The company’s stock had a trading volume of 97,786 shares. The company has a market capitalization of $416.62 million, a price-to-earnings ratio of 21.75 and a beta of 1.21. The company’s 50-day moving average is $13.21 and its 200 day moving average is $15.61. Resources Connection, Inc. has a 12-month low of $12.41 and a 12-month high of $19.80.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, May 18th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Tuesday, May 16th. Resources Connection’s dividend payout ratio is presently 69.84%.
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Several analysts have issued reports on the company. Zacks Investment Research raised Resources Connection from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 7th. TheStreet lowered Resources Connection from a “b-” rating to a “c+” rating in a report on Friday, May 26th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.50.
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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