Analysts forecast that Resources Connection, Inc. (NASDAQ:RECN) will report earnings of $0.20 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Resources Connection’s earnings, with estimates ranging from $0.18 to $0.21. Resources Connection reported earnings of $0.18 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 11.1%. The company is expected to announce its next earnings results on Wednesday, January 3rd.

According to Zacks, analysts expect that Resources Connection will report full year earnings of $0.67 per share for the current financial year, with EPS estimates ranging from $0.63 to $0.70. For the next fiscal year, analysts expect that the business will post earnings of $0.83 per share, with EPS estimates ranging from $0.80 to $0.88. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Resources Connection.

Resources Connection (NASDAQ:RECN) last posted its quarterly earnings results on Wednesday, October 4th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $140.29 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The company’s quarterly revenue was down 1.5% compared to the same quarter last year.

RECN has been the topic of several analyst reports. Robert W. Baird reaffirmed a “hold” rating and set a $15.00 price target on shares of Resources Connection in a research report on Friday, August 25th. Zacks Investment Research raised shares of Resources Connection from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Deutsche Bank reaffirmed a “sell” rating and set a $13.00 price target (up from $12.00) on shares of Resources Connection in a research report on Friday, October 6th. Finally, BidaskClub lowered shares of Resources Connection from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $15.00.

Resources Connection (NASDAQ RECN) traded down $0.10 during midday trading on Wednesday, reaching $15.80. 59,269 shares of the company’s stock traded hands, compared to its average volume of 133,569. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.82 and a quick ratio of 2.82. Resources Connection has a 1 year low of $12.05 and a 1 year high of $19.80. The company has a market capitalization of $483.55, a price-to-earnings ratio of 27.20 and a beta of 1.18.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Wednesday, November 15th. Resources Connection’s payout ratio is presently 102.13%.

Several institutional investors and hedge funds have recently modified their holdings of RECN. SG Americas Securities LLC bought a new position in shares of Resources Connection in the third quarter valued at about $153,000. Municipal Employees Retirement System of Michigan raised its position in shares of Resources Connection by 58.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,130 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 4,120 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Resources Connection in the third quarter valued at about $164,000. BNP Paribas Arbitrage SA raised its position in shares of Resources Connection by 44.0% in the second quarter. BNP Paribas Arbitrage SA now owns 12,303 shares of the business services provider’s stock valued at $169,000 after purchasing an additional 3,761 shares during the period. Finally, Aperio Group LLC bought a new position in shares of Resources Connection in the second quarter valued at about $171,000. 80.99% of the stock is currently owned by institutional investors.

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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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