Resources Connection (NASDAQ: RECN) recently received a number of ratings updates from brokerages and research firms:

  • 10/10/2017 – Resources Connection was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Resources Connection, Inc. is a professional services firm that provides experienced accounting and finance, human resources management and information technology professionals to clients on a project-by-project basis. In accounting and finance, they assist clients with discrete projects requiring specialized professional expertise, such as mergers and acquisitions due diligence, financial analyses and tax-related projects. They also provide human resources management services and information technology services. “
  • 10/7/2017 – Resources Connection was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $17.00 price target on the stock. According to Zacks, “Resources Connection, Inc. is a professional services firm that provides experienced accounting and finance, human resources management and information technology professionals to clients on a project-by-project basis. In accounting and finance, they assist clients with discrete projects requiring specialized professional expertise, such as mergers and acquisitions due diligence, financial analyses and tax-related projects. They also provide human resources management services and information technology services. “
  • 10/6/2017 – Resources Connection had its “sell” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $13.00 price target on the stock, up previously from $12.00.
  • 10/6/2017 – Resources Connection had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $15.00 price target on the stock.
  • 9/21/2017 – Resources Connection was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Resources Connection, Inc. is a professional services firm that provides experienced accounting and finance, human resources management and information technology professionals to clients on a project-by-project basis. In accounting and finance, they assist clients with discrete projects requiring specialized professional expertise, such as mergers and acquisitions due diligence, financial analyses and tax-related projects. They also provide human resources management services and information technology services. “
  • 8/25/2017 – Resources Connection had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $15.00 price target on the stock.
  • 8/18/2017 – Resources Connection was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Shares of Resources Connection, Inc. (NASDAQ:RECN) traded up 0.169% during mid-day trading on Thursday, hitting $14.825. The stock had a trading volume of 50,739 shares. The stock’s 50-day moving average is $13.07 and its 200-day moving average is $13.51. Resources Connection, Inc. has a 1-year low of $12.05 and a 1-year high of $19.80. The firm has a market capitalization of $442.78 million, a PE ratio of 26.473 and a beta of 1.18.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, August 24th were paid a $0.12 dividend. This is a positive change from Resources Connection’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Tuesday, August 22nd. Resources Connection’s payout ratio is currently 102.13%.

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.

Receive News & Ratings for Resources Connection Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resources Connection Inc and related companies with MarketBeat.com's FREE daily email newsletter.