$0.20 EPS Expected for Resources Connection, Inc. (RECN)

December 8, 2017 - By Ellis Scott

 $0.20 EPS Expected for Resources Connection, Inc. (RECN)
Investors sentiment increased to 1.29 in Q2 2017. Its up 0.14, from 1.15 in 2017Q1. It improved, as 9 investors sold Resources Connection, Inc. shares while 33 reduced holdings. 17 funds opened positions while 37 raised stakes. 23.96 million shares or 1.30% less from 24.27 million shares in 2017Q1 were reported.
Bnp Paribas Arbitrage stated it has 12,303 shares or 0% of all its holdings. Guggenheim Capital Limited Liability Company, Illinois-based fund reported 36,733 shares. Palisade Capital Management Ltd Com Nj invested in 922,488 shares. State Board Of Administration Of Florida Retirement Sys owns 33,883 shares. Gemmer Asset Mgmt Ltd Llc reported 190 shares stake. State Street Corporation reported 869,657 shares stake. Art Advsr reported 19,429 shares stake. Strs Ohio reported 0% stake. Citadel Advisors Ltd Liability has invested 0% in Resources Connection, Inc. (NASDAQ:RECN). Us Bancorp De stated it has 208 shares. Credit Suisse Ag holds 0% or 73,037 shares. Fisher Asset Management Lc invested in 188,942 shares. Great West Life Assurance Can stated it has 42,635 shares or 0% of all its holdings. California State Teachers Retirement accumulated 50,741 shares. Moreover, Geode Capital Ltd Limited Liability Company has 0% invested in Resources Connection, Inc. (NASDAQ:RECN) for 512,370 shares.

Analysts expect Resources Connection, Inc. (NASDAQ:RECN) to report $0.20 EPS on January, 3.They anticipate $0.02 EPS change or 11.11 % from last quarter’s $0.18 EPS. RECN’s profit would be $6.03 million giving it 19.44 P/E if the $0.20 EPS is correct. After having $0.12 EPS previously, Resources Connection, Inc.’s analysts see 66.67 % EPS growth. The stock decreased 1.58% or $0.25 during the last trading session, reaching $15.55. About 78,149 shares traded. Resources Connection, Inc. (NASDAQ:RECN) has declined 11.17% since December 8, 2016 and is downtrending. It has underperformed by 27.87% the S&P500.

Resources Connection, Inc. (NASDAQ:RECN) Ratings Coverage

Among 2 analysts covering Resources Connection Inc. (NASDAQ:RECN), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Resources Connection Inc. had 6 analyst reports since August 18, 2016 according to SRatingsIntel. Robert W. Baird maintained the stock with “Hold” rating in Friday, August 25 report. The company was maintained on Friday, November 10 by Robert W. Baird. The firm has “Sell” rating by Deutsche Bank given on Friday, July 21. On Thursday, August 18 the stock rating was initiated by Deutsche Bank with “Sell”. Deutsche Bank maintained the shares of RECN in report on Thursday, October 6 with “Sell” rating. The rating was maintained by Robert W. Baird with “Neutral” on Thursday, October 6.

Resources Connection, Inc. provides agile consulting services in North America, Europe, and the Asia Pacific. The company has market cap of $468.49 million. The firm offers finance and accounting services, including process transformation and optimization, financial reporting and analysis, technical and operational accounting, merger and acquisition due diligence and integration, audit readiness, preparation and response, implementation of new accounting standards, and remediation support. It has a 32.26 P/E ratio. It also provides information management services, such as program and project management, business and technology integration, data strategy, and business performance management.

More notable recent Resources Connection, Inc. (NASDAQ:RECN) news were published by: Businesswire.com which released: “RGP Acquires Professional Services Firm Accretive Solutions, Inc.” on November 01, 2017, also Businesswire.com with their article: “RGP Announces Closing of Accretive Solutions, Inc. Acquisition” published on December 05, 2017, Seekingalpha.com published: “Resources Connection’s (RECN) CEO Kate Duchene on Q1 2018 Results – Earnings …” on October 05, 2017. More interesting news about Resources Connection, Inc. (NASDAQ:RECN) were released by: Businesswire.com and their article: “RGP Completes Acquisition of taskforce – Management on Demand AG” published on September 01, 2017 as well as Seekingalpha.com‘s news article titled: “Resources Global Professionals To Acquire Accretive Solutions” with publication date: November 02, 2017.

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