Resources Connection, Inc. (RECN) EPS Estimated At $0.28

June 15, 2018 - By John Moody

Resources Connection, Inc. (NASDAQ:RECN) LogoInvestors sentiment increased to 1.74 in Q1 2018. Its up 0.88, from 0.86 in 2017Q4. It is positive, 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.
Morgan Stanley has 0% invested in Resources Connection, Inc. (NASDAQ:RECN). 19,547 were reported by Qs Investors Ltd. Public Sector Pension Inv Board stated it has 18,861 shares or 0% of all its holdings. Commercial Bank Of Montreal Can invested in 0% or 589 shares. California State Teachers Retirement Sys holds 46,154 shares or 0% of its portfolio. Ameritas Prtn holds 0% or 2,400 shares in its portfolio. 46,417 are held by Wells Fargo Co Mn. Renaissance Ltd Llc has invested 0% in Resources Connection, Inc. (NASDAQ:RECN). Moreover, D E Shaw And Inc has 0% invested in Resources Connection, Inc. (NASDAQ:RECN). Highland Cap Mngmt Limited Partnership owns 20,000 shares. Adams Diversified Equity Fund owns 53,100 shares for 0.05% of their portfolio. Great West Life Assurance Can has invested 0% in Resources Connection, Inc. (NASDAQ:RECN). Moreover, Millennium Mngmt Limited Company has 0% invested in Resources Connection, Inc. (NASDAQ:RECN) for 28,536 shares. Paloma Prtn Mgmt accumulated 13,197 shares. 124,089 were accumulated by Goldman Sachs Grp Inc.

Since April 9, 2018, it had 0 insider purchases, and 1 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 16.03 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. It closed at $17.95 lastly. It is down 27.73% since June 15, 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. As per Thursday, January 4, the company rating was downgraded by JP Morgan. Robert W. Baird maintained it with “Hold” rating and $16.0 target in Wednesday, January 3 report. The stock has “Hold” rating by Robert W. Baird on Wednesday, April 4. J.P. Morgan downgraded it to “Sell” rating and $16.0 target in Thursday, January 4 report.

Resources Connection, Inc. provides agile consulting services in North America, Europe, and the Asia Pacific. The company has market cap of $565.70 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 28.4 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.

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

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