Resources Connection (RECN) Earns Daily Coverage Optimism Rating of 0.15
Media stories about Resources Connection (NASDAQ:RECN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Resources Connection earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 45.8634755372884 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Resources Connection, Inc. (RECN) Expected to Post Quarterly Sales of $140.36 Million (americanbankingnews.com)
- Resources Connection acquires German firm in $7 million deal (www2.staffingindustry.com)
- RGP Completes Acquisition of taskforce – Management on Demand AG (finance.yahoo.com)
- Reviewing Resources Connection (RECN) & Lionbridge Technologies (LIOX) (americanbankingnews.com)
Shares of Resources Connection (RECN) traded down 0.82% on Wednesday, hitting $12.10. 149,811 shares of the stock were exchanged. The company has a 50-day moving average price of $12.99 and a 200 day moving average price of $14.10. Resources Connection has a 12 month low of $12.05 and a 12 month high of $19.80. The company has a market cap of $361.39 million, a PE ratio of 21.61 and a beta of 1.21.
Resources Connection (NASDAQ:RECN) last released its earnings results on Thursday, July 20th. The business services provider reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.02. The business had revenue of $148.60 million during the quarter, compared to analysts’ expectations of $148.46 million. Resources Connection had a return on equity of 8.08% and a net margin of 3.20%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 earnings per share. Equities analysts forecast that Resources Connection will post $0.70 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, August 24th will be given a $0.12 dividend. The ex-dividend date is Tuesday, August 22nd. This is an increase 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 3.97%. Resources Connection’s dividend payout ratio is currently 87.27%.
A number of equities research analysts have commented on the stock. Robert W. Baird restated a “hold” rating and issued a $15.00 price target on shares of Resources Connection in a report on Friday, August 25th. BidaskClub cut shares of Resources Connection from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Zacks Investment Research cut shares of Resources Connection from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Deutsche Bank AG reduced their price objective on shares of Resources Connection from $14.00 to $12.00 and set a “sell” rating for the company in a report on Friday, July 21st. Finally, TheStreet cut shares of Resources Connection from a “b-” rating to a “c+” rating in a report on Friday, May 26th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. Resources Connection presently has an average rating of “Sell” and an average price target of $15.33.
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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