Resources Connection (NASDAQ:RECN) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

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

Shares of NASDAQ:RECN opened at $16.64 on Thursday. The stock has a market capitalization of $543.17 million, a price-to-earnings ratio of 16.16 and a beta of 1.17. Resources Connection has a 1-year low of $12.72 and a 1-year high of $19.50. The company’s fifty day moving average is $16.93 and its two-hundred day moving average is $16.41. 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 firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, August 22nd were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.37%. This is a boost from Resources Connection’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Wednesday, August 21st. Resources Connection’s dividend payout ratio is 54.37%.

RECN has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Resources Connection from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. BidaskClub cut shares of Resources Connection from a “strong-buy” rating to a “buy” rating in a 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.

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Earnings History for Resources Connection (NASDAQ:RECN)

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