Resources Connection (NASDAQ:RECN) released its quarterly earnings data on Thursday. The business services provider reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02, RTT News reports. The business had revenue of $182.10 million during the quarter, compared to analysts’ expectations of $182.44 million. Resources Connection had a net margin of 3.57% and a return on equity of 11.85%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS.
RECN traded up $0.23 on Thursday, reaching $16.59. The company had a trading volume of 73,095 shares, compared to its average volume of 171,374. Resources Connection has a 1 year low of $12.72 and a 1 year high of $19.50. The company has a market cap of $517.77 million, a PE ratio of 16.93 and a beta of 1.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.44 and a quick ratio of 2.44. The stock’s 50-day simple moving average is $15.94.
Separately, Zacks Investment Research raised shares of Investar from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, June 4th.
Resources Connection Company Profile
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.
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