Shares of Resources Connection, Inc. (NASDAQ:RECN) have earned a consensus rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $14.67.

A number of analysts recently weighed in on RECN shares. BidaskClub raised shares of Resources Connection from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. TheStreet raised shares of Resources Connection from a “c+” rating to a “b” rating in a research note on Thursday, January 4th. Zacks Investment Research raised shares of Resources Connection from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Wednesday, February 7th. Finally, JPMorgan Chase & Co. cut shares of Resources Connection from a “neutral” rating to an “underweight” rating and set a $16.00 target price on the stock. in a research note on Thursday, January 4th.

Shares of Resources Connection (NASDAQ:RECN) opened at $16.10 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.36 and a quick ratio of 2.36. Resources Connection has a twelve month low of $12.05 and a twelve month high of $17.10. The firm has a market cap of $519.25, a PE ratio of 27.76 and a beta of 1.20.

Resources Connection (NASDAQ:RECN) last released its quarterly earnings data on Wednesday, January 3rd. The business services provider reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05. Resources Connection had a net margin of 2.98% and a return on equity of 8.25%. The business had revenue of $156.70 million for the quarter, compared to analysts’ expectations of $152.91 million. During the same quarter last year, the company earned $0.26 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. analysts expect that Resources Connection will post 0.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.48 annualized dividend and a yield of 2.98%. Resources Connection’s payout ratio is 82.76%.

Institutional investors have recently added to or reduced their stakes in the business. Aperio Group LLC acquired a new position in Resources Connection during the 4th quarter valued at about $157,000. SG Americas Securities LLC acquired a new position in Resources Connection during the 3rd quarter valued at about $153,000. Municipal Employees Retirement System of Michigan increased its stake in Resources Connection by 58.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 11,130 shares of the business services provider’s stock valued at $155,000 after buying an additional 4,120 shares during the period. Russell Investments Group Ltd. acquired a new position in Resources Connection during the 3rd quarter valued at about $164,000. Finally, Algert Global LLC acquired a new position in Resources Connection during the 4th quarter valued at about $184,000. 80.94% of the stock is currently owned by hedge funds and other institutional investors.

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Resources Connection Company Profile

Resources Connection, Inc is a multinational consulting firm. The Company’s operating entities primarily provide services under the name Resources Global Professionals (RGP). The Company provides consulting and business initiative support services to its global client base in the areas of accounting; finance; corporate governance, risk and compliance (GRC) management; corporate advisory, strategic communications and restructuring; information management; human capital; supply chain management, and legal and regulatory.

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