$0.28 EPS Expected for Resources Connection, Inc. (RECN)

June 19, 2018 - By Winifred Garcia

Resources Connection, Inc. (NASDAQ:RECN) LogoInvestors sentiment increased to 1.74 in Q1 2018. Its up 0.88, from 0.86 in 2017Q4. It improved, as 4 investors sold Resources Connection, Inc. shares while 31 reduced holdings. 20 funds opened positions while 41 raised stakes. 24.45 million shares or 0.90% more from 24.23 million shares in 2017Q4 were reported.
Amer Group has 0% invested in Resources Connection, Inc. (NASDAQ:RECN) for 19,373 shares. Metropolitan Life Ins Ny invested in 9,320 shares or 0% of the stock. 32,138 are held by Kbc Group Nv. Gemmer Asset Management Ltd owns 207 shares for 0% of their portfolio. State Street holds 0% or 791,137 shares in its portfolio. California State Teachers Retirement Sys reported 46,154 shares. Parkside Bank & Trust & Tru accumulated 21 shares. Principal Fincl accumulated 227,775 shares. Paloma Partners Mngmt holds 0% in Resources Connection, Inc. (NASDAQ:RECN) or 13,197 shares. Rhumbline Advisers reported 0% stake. 208 are owned by Us Commercial Bank De. Manufacturers Life Insur The has invested 0% of its portfolio in Resources Connection, Inc. (NASDAQ:RECN). Arizona State Retirement Systems stated it has 46,500 shares. Comerica Bankshares holds 0% or 31,072 shares. Mason Street Advsr Ltd Liability Corporation holds 8,182 shares.

Since April 9, 2018, it had 0 insider purchases, and 1 insider sale for $95,232 activity.

Analysts expect Resources Connection, Inc. (NASDAQ:RECN) to report $0.28 EPS on July, 19.They anticipate $0.08 EPS change or 40.00 % from last quarter’s $0.2 EPS. RECN’s profit would be $8.82M giving it 15.98 P/E if the $0.28 EPS is correct. After having $0.18 EPS previously, Resources Connection, Inc.’s analysts see 55.56 % EPS growth. The stock increased 0.85% or $0.15 during the last trading session, reaching $17.9. About 97,335 shares traded. Resources Connection, Inc. (NASDAQ:RECN) has risen 27.73% since June 19, 2017 and is uptrending. It has outperformed by 15.16% the S&P500.

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

Among 3 analysts covering Resources Connection (NASDAQ:RECN), 0 have Buy rating, 2 Sell and 1 Hold. Therefore 0 are positive. Resources Connection had 4 analyst reports since January 4, 2018 according to SRatingsIntel. The rating was downgraded by J.P. Morgan on Thursday, January 4 to “Sell”. The company was maintained on Wednesday, January 3 by Robert W. Baird. Robert W. Baird maintained Resources Connection, Inc. (NASDAQ:RECN) on Wednesday, April 4 with “Hold” rating. The company was downgraded on Thursday, January 4 by JP Morgan.

Resources Connection, Inc. provides agile consulting services in North America, Europe, and the Asia Pacific. The company has market cap of $564.13 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 28.32 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 news for Resources Connection, Inc. (NASDAQ:RECN) were recently published by: Businesswire.com, which released: “Resources Global Professionals and WonderBotz LLP Announce Strategic Alliance in Robotic Process Automation” on May 21, 2018. Businesswire.com‘s article titled: “Resources Global Professionals to Announce Fiscal 2018 Fourth Quarter and Year-End Results on July 18, 2018” and published on June 12, 2018 is yet another important article.

Resources Connection, Inc. (NASDAQ:RECN) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: