Resources Connection, Inc. (RECN) Announces Quarterly Results, Beats Estimates By $0.02 EPS
Thursday, July 14, 2021 6:11 PM

Resources Connection, Inc. (RECN) announced its quarterly results on Thursday. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.02. The company’s quarterly revenue was up 8.8% on a year-over-year basis.

On a related note, analysts at Zacks Investment Research downgraded shares of Resources Connection, Inc. from a "neutral" rating to an "underperform" rating in a research note to investors on Tuesday, July 5th. Also, analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of Resources Connection, Inc. from $19.00 to $16.00 in a research note to investors on Friday, April 1st. They now have a "hold" rating on the stock.

Shares of Resources Connection, Inc. (RECN) traded down 3.03% during mid-day trading on Thursday, hitting $12.18. Resources Connection, Inc. (RECN) has a 52 week low of $11.00 and a 52 week high of $21.94. The stock's 50-day moving average is $12.55 and its 200-day moving average is $16.58. The company has a market cap of $564.6 million and a price-to-earnings ratio of 26.78.

Resources Connection, Inc. (Resources) is a multinational professional services firm. Its operating entities provide services under the name Resources Global Professionals (Resources Global). The Company provides finance and accounting services, information management services, corporate advisory, strategic communications and restructuring services, risk management and internal audit services, supply chain management services, acturial services, human capital services, and legal and regulatory services. On May 12, 2009, the Company acquired certain intangible assets comprising the Ohio-based professional services business of Kenwood Cooper LLC operated under the name Xperianz (Xperianz). In November 2009, the Company acquired certain assets of Sitrick And Company, a communications firm and Brincko Associates, Inc., a corporate advisory and restructuring firm with operations primarily in the United States.

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