Wall Street analysts expect that Resources Connection, Inc. (NASDAQ:RECN) will announce $0.20 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Resources Connection’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.18. Resources Connection posted earnings of $0.18 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.1%. The firm is scheduled to report its next quarterly earnings report after the market closes 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 company will post earnings of $0.83 per share, with EPS estimates ranging from $0.80 to $0.88. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Resources Connection.

Resources Connection (NASDAQ:RECN) last released its quarterly earnings data on Wednesday, October 4th. The business services provider reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. Resources Connection had a return on equity of 8.08% and a net margin of 2.60%. The business had revenue of $141.20 million for the quarter, compared to the consensus estimate of $140.29 million. During the same quarter in the prior year, the business posted $0.15 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis.

A number of analysts recently issued reports on RECN shares. Zacks Investment Research raised Resources Connection from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Deutsche Bank reissued a “sell” rating and issued a $13.00 target price (up from $12.00) on shares of Resources Connection in a research report on Friday, October 6th. Robert W. Baird reissued a “hold” rating and issued a $15.00 target price on shares of Resources Connection in a research report on Friday, October 6th. Finally, BidaskClub cut Resources Connection from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $15.00.

A number of institutional investors have recently bought and sold shares of RECN. Aperio Group LLC acquired a new stake in Resources Connection during the 2nd quarter worth approximately $171,000. Texas Permanent School Fund lifted its position in Resources Connection by 0.6% during the 2nd quarter. Texas Permanent School Fund now owns 21,651 shares of the business services provider’s stock worth $297,000 after acquiring an additional 130 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Resources Connection by 9.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 316,795 shares of the business services provider’s stock worth $4,341,000 after acquiring an additional 27,113 shares during the period. Legal & General Group Plc lifted its position in Resources Connection by 8.4% during the 2nd quarter. Legal & General Group Plc now owns 57,174 shares of the business services provider’s stock worth $783,000 after acquiring an additional 4,451 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its position in Resources Connection by 44.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,303 shares of the business services provider’s stock worth $169,000 after acquiring an additional 3,761 shares during the period. 80.99% of the stock is owned by institutional investors.

Shares of Resources Connection (RECN) traded down $0.30 during midday trading on Friday, hitting $15.30. The company had a trading volume of 49,009 shares, compared to its average volume of 88,884. The firm has a market cap of $452.09, a PE ratio of 32.55 and a beta of 1.18. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.20. Resources Connection has a 1 year low of $12.05 and a 1 year high of $19.80.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 16th were given a $0.12 dividend. The ex-dividend date was Wednesday, November 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.14%. Resources Connection’s dividend payout ratio (DPR) is presently 102.13%.

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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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