Resources Connection (NASDAQ:RECN) issued its earnings results on Thursday. The business services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10, Bloomberg Earnings reports. Resources Connection had a return on equity of 10.89% and a net margin of 3.25%.
Shares of Resources Connection stock opened at $13.60 on Friday. Resources Connection has a 12-month low of $12.72 and a 12-month high of $19.50. The firm has a market cap of $447.91 million, a P/E ratio of 13.88 and a beta of 1.10. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.22.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 11th. Investors of record on Tuesday, November 13th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, November 9th. This represents a $0.52 annualized dividend and a yield of 3.82%. Resources Connection’s dividend payout ratio (DPR) is currently 53.06%.
A number of brokerages have recently weighed in on RECN. ValuEngine lowered Resources Connection from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Zacks Investment Research upgraded Resources Connection from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Wednesday, October 10th. Finally, BidaskClub downgraded Resources Connection from a “strong-buy” rating to a “buy” rating in a report on Friday, December 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.00.
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About Resources Connection
Resources Connection, Inc provides business consulting services under the Resources Global Professionals name in North America, Europe, and the Asia Pacific. The company offers process transformation and optimization, financial reporting and analysis, technical and operational accounting, and merger and acquisition due diligence and integration services; new accounting standards implementation and remediation support services; and audit readiness, and preparation and response services.
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