EPS for Resources Connection, Inc. (RECN) Expected At $0.12

September 17, 2017 - By Richard Conner

 EPS for Resources Connection, Inc. (RECN) Expected At $0.12
Investors sentiment decreased to 0.64 in 2016 Q4. Its down 0.50, from 1.14 in 2016Q3. It worsened, as 25 investors sold Resources Connection, Inc. shares while 52 reduced holdings. 20 funds opened positions while 29 raised stakes. 24.93 million shares or 18.39% less from 30.55 million shares in 2016Q3 were reported.
Jpmorgan Chase & holds 0% or 119,349 shares. 12,676 are owned by Teachers Retirement Sys Of The State Of Kentucky. Pinebridge Invests Ltd Partnership holds 3,812 shares or 0% of its portfolio. Wells Fargo And Mn holds 0% in Resources Connection, Inc. (NASDAQ:RECN) or 24,746 shares. Bancorp Of Ny Mellon Corp stated it has 544,151 shares or 0% of all its holdings. Moreover, Citigroup has 0% invested in Resources Connection, Inc. (NASDAQ:RECN). Moreover, Barclays Plc has 0% invested in Resources Connection, Inc. (NASDAQ:RECN) for 618 shares. Marshwinds Advisory Comm invested in 0.17% or 19,051 shares. 83,945 were reported by Goldman Sachs Inc. Millennium Mngmt Limited Liability Corporation invested in 51,857 shares. Ls Advisors Lc has 1,258 shares. Ativo Cap Mgmt Limited Liability Co reported 56,211 shares stake. Marshall Wace Llp accumulated 47,163 shares or 0.01% of the stock. 31 were accumulated by Parkside Savings Bank. Schwab Charles Inv Management invested in 0.01% or 279,787 shares.

Analysts await Resources Connection, Inc. (NASDAQ:RECN) to report earnings on October, 4 after the close. They expect $0.12 earnings per share, down 20.00 % or $0.03 from last year’s $0.15 per share. RECN’s profit will be $3.59M for 25.83 P/E if the $0.12 EPS becomes a reality. After $0.20 actual earnings per share reported by Resources Connection, Inc. for the previous quarter, Wall Street now forecasts -40.00 % negative EPS growth. The stock increased 1.22% or $0.15 on September 15, reaching $12.4. About 551,689 shares traded or 347.44% up from the average. Resources Connection, Inc. (NASDAQ:RECN) has declined 11.17% since September 17, 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 5 analyst reports since August 18, 2016 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Sell” on Friday, July 21. The firm has “Neutral” rating by Robert W. Baird given on Thursday, October 6. The firm earned “Sell” rating on Thursday, October 6 by Deutsche Bank. On Thursday, August 18 the stock rating was initiated by Deutsche Bank with “Sell”. The stock has “Hold” rating by Robert W. Baird on Friday, August 25.

Resources Connection, Inc. is a multinational consulting firm. The company has market cap of $370.75 million. The Company’s operating entities primarily provide services under the name Resources Global Professionals . It has a 22.5 P/E ratio. The Firm 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.

More recent Resources Connection, Inc. (NASDAQ:RECN) news were published by: Seekingalpha.com which released: “Resources Connection: A Very Shareholder Friendly Company” on October 18, 2016. Also Businesswire.com published the news titled: “Resources Connection, Inc. Announces Promotion of Kate Duchene to President …” on December 21, 2016. Nasdaq.com‘s news article titled: “Resources Connection, Inc. (RECN) Ex-Dividend Date Scheduled for August 22, 2017” with publication date: August 21, 2017 was also an interesting one.

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