Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Resources Connection (RECN) Share Price
News coverage about Resources Connection (NASDAQ:RECN) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Resources Connection earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 45.3629645435595 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- $152.81 Million in Sales Expected for Resources Connection, Inc. (RECN) This Quarter (americanbankingnews.com)
- Lifelock (LOCK) versus Resources Connection (RECN) Financial Review (americanbankingnews.com)
- ETFs with exposure to Resources Connection, Inc. : October 10, 2017 (finance.yahoo.com)
- Financial Industry Risk and Regulation Expert Candice Nonas to Speak at Prominent Operational and Risk Management Conference in New York City (finance.yahoo.com)
- Resources Connection, Inc. :RECN-US: Earnings Analysis: Q1, 2018 By the Numbers : October 9, 2017 (finance.yahoo.com)
Several analysts recently commented on the stock. Zacks Investment Research cut shares of Resources Connection from a “buy” rating to a “hold” rating in a report on Tuesday. Robert W. Baird restated a “hold” rating and set a $15.00 price target on shares of Resources Connection in a report on Friday, October 6th. Deutsche Bank AG restated a “sell” rating and set a $13.00 price target (up from $12.00) on shares of Resources Connection in a report on Friday, October 6th. Finally, BidaskClub cut shares of Resources Connection from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $15.00.
Resources Connection (RECN) traded down 0.34% during mid-day trading on Thursday, reaching $14.75. 85,377 shares of the company’s stock were exchanged. The company has a market cap of $440.54 million, a PE ratio of 26.34 and a beta of 1.18. Resources Connection has a 52-week low of $12.05 and a 52-week high of $19.80. The stock has a 50-day moving average price of $13.07 and a 200 day moving average price of $13.51.
Resources Connection (NASDAQ:RECN) last released its quarterly earnings results on Wednesday, October 4th. The business services provider reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. Resources Connection had a return on equity of 8.08% and a net margin of 2.60%. The firm had revenue of $141.20 million during the quarter, compared to the consensus estimate of $140.29 million. During the same quarter in the prior year, the firm posted $0.15 EPS. The business’s revenue was down 1.5% on a year-over-year basis. Equities analysts predict that Resources Connection will post $0.69 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Thursday, August 24th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.25%. This is an increase from Resources Connection’s previous quarterly dividend of $0.11. Resources Connection’s dividend payout ratio is 102.13%.
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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