The Investment Analysts’ Weekly Ratings Updates for Resources Connection (RECN)

The Investment Analysts’ Weekly Ratings Updates for Resources Connection (RECN)

Several brokerages have updated their recommendations and price targets on shares of Resources Connection (NASDAQ: RECN) in the last few weeks:

Shares of Resources Connection Inc. (NASDAQ:RECN) traded down 2.34% on Thursday, reaching $12.91. The company’s stock had a trading volume of 38,004 shares. The stock has a 50 day moving average of $14.51 and a 200-day moving average of $14.82. Resources Connection Inc. has a 12 month low of $12.30 and a 12 month high of $18.71. The firm has a market cap of $466.93 million, a price-to-earnings ratio of 16.74 and a beta of 1.31.

Resources Connection (NASDAQ:RECN) last issued its earnings results on Wednesday, October 5th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. Resources Connection had a net margin of 4.88% and a return on equity of 8.42%. The business had revenue of $143.40 million for the quarter. During the same quarter last year, the firm earned $0.19 earnings per share. Resources Connection’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, analysts anticipate that Resources Connection Inc. will post $0.82 EPS for the current year.

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