Resources Connection (NASDAQ:RECN) Releases Earnings Results, Beats Estimates By $0.01 EPS

Resources Connection (NASDAQ:RECN) posted its quarterly earnings data on Wednesday. The business services provider reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01, Fidelity Earnings reports. The business had revenue of $172.20 million during the quarter, compared to analyst estimates of $173.02 million. Resources Connection had a net margin of 4.32% and a return on equity of 11.96%. The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 earnings per share.

Shares of RECN stock opened at $16.64 on Thursday. Resources Connection has a one year low of $12.72 and a one year high of $19.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.10 and a current ratio of 2.10. The company has a 50 day moving average price of $16.93 and a 200 day moving average price of $16.41. The firm has a market capitalization of $543.17 million, a price-to-earnings ratio of 16.16 and a beta of 1.17.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, August 22nd were given a dividend of $0.14 per share. This is a positive change from Resources Connection’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.56 annualized dividend and a yield of 3.37%. Resources Connection’s dividend payout ratio is 54.37%.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Resources Connection from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. BidaskClub lowered shares of Resources Connection from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

Resources Connection Company Profile

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.

See Also: Margin

Earnings History for Resources Connection (NASDAQ:RECN)

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