NASDAQ:RECN

Resources Connection (RECN) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$11.13
$11.28
50-Day Range
$10.32
$12.29
52-Week Range
$8.66
$17.93
Volume
282,253 shs
Average Volume
184,078 shs
Market Capitalization
$359.66 million
P/E Ratio
11.23
Dividend Yield
4.99%
Price Target
N/A
RECN stock logo

About Resources Connection Stock (NASDAQ:RECN)

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. It also provides information management services comprising program and project management, business and technology integration, data strategy, and business performance management. In addition, the company offers corporate advisory, strategic and crisis communications, and restructuring services; and governance, risk, and compliance (GRC) management services that include governance, assessments, auditing and automation of programs managing regulatory compliance, enterprise risk management, internal audits, operational risk management, and data security and privacy services. Further, it provides strategy development, procurement and supplier management, logistics and materials management, supply chain planning and forecasting, and unique device identification compliance; and change management, organization development and effectiveness, employment engagement, compensation and incentive plan strategies and design, and optimization of human resources technology and operations. Additionally, the company offers legal and regulatory supporting services for commercial transactions, global compliance initiatives, law department operations, and law department business strategy and analytics. It also provides policyIQ, a cloud-based GRC software application. The company was formerly known as RC Transaction Corp. and changed its name to Resources Connection, Inc. in August 2000. Resources Connection, Inc. was founded in 1996 and is headquartered in Irvine, California.

RECN Stock News Headlines

Community Resource and Employment Fair
This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
Resources Connection's (NASDAQ:RGP) Dividend Will Be $0.14
Why Resources Connection Stock Is Dropping Today
See More Headlines
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Company Calendar

Last Earnings
4/02/2020
Today
4/24/2024

Industry, Sector and Symbol

Industry
Business Services
Sub-Industry
Research & Consulting Services
Current Symbol
NASDAQ:RECN
CUSIP
76122Q10
Fax
N/A
Employees
3,896
Year Founded
N/A

Profitability

Net Income
$31.47 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$729 million
Cash Flow
$1.42 per share
Book Value
$8.82 per share

Miscellaneous

Free Float
N/A
Market Cap
$360.62 million
Optionable
Not Optionable
Beta
1.22
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RECN Stock Analysis - Frequently Asked Questions

How were Resources Connection's earnings last quarter?

Resources Connection, Inc. (NASDAQ:RECN) released its quarterly earnings data on Thursday, April, 2nd. The business services provider reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. The business services provider had revenue of $168.10 million for the quarter, compared to the consensus estimate of $168.08 million. Resources Connection had a trailing twelve-month return on equity of 11.74% and a net margin of 4.52%. The company's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period last year, the business posted $0.20 EPS.
Read the conference call transcript
.

Is Resources Connection a good dividend stock?

Resources Connection (NASDAQ:RECN) pays an annual dividend of $0.56 per share and currently has a dividend yield of 5.43%. RECN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 54.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RECN will have a dividend payout ratio of 55.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RECN.

What other stocks do shareholders of Resources Connection own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Resources Connection investors own include Hawkins (HWKN), Xtrackers California Municipal Bond ETF (CA), Charles Schwab (SCHW), BlackRock (BLK), Endologix (ELGX), Frontier Communications (FTR), Accenture (ACN), Athabasca Oil (ATH), Express (EXPR) and Hudson Technologies (HDSN).

This page (NASDAQ:RECN) was last updated on 4/24/2024 by MarketBeat.com Staff

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