Resources Connection (RECN) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Resources Connection (RECN) announced its most recent quarterly financial results on Wednesday, Oct-5-2016. RECN reported $0.15 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.16. The company posted revenue of $143.40 million in the period, compared to analysts expectations of $142.69 million. RECN’s revenue was down -3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on Resources Connection. Deutsche Bank Initiated Resources Connection on Aug 18, 2016 to “Sell”, Price Target of the shares are set at $13.

Resources Connection closed down -0.2 points or -1.34% at $14.77 with 95,385 shares getting traded on Tuesday. Post opening the session at $14.97, the shares hit an intraday low of $14.75 and an intraday high of $15.1 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on May 12, 2016, Anne Shih (director) sold 2,430 shares at $15.08 per share price. According to the SEC, on Jan 8, 2016, Anthony Cherbak (CEO) purchased 2,000 shares at $14.00 per share price. On Oct 13, 2015, Tracy B Stephens (EVP & COO) sold 18,000 shares at $17.04 per share price, according to the Form-4 filing with the securities and exchange commission.

Resources Connection Inc. is a multinational consulting firm. The Company’s operating entities primarily provide services under the name Resources Global Professionals (RGP). It provides consulting and business initiative support services to its global client base in the areas of accounting; finance; corporate governance risk and compliance management; corporate advisory strategic communications and restructuring; information management; human capital; supply chain management; healthcare solutions and legal and regulatory. It provides its services and solutions to a client base in a range of industries. Its information management practice provides planning and execution services in four primary areas: program and project management; business and technology integration; data strategy and management and information technology (IT) strategy and advisory. The two primary areas of its human capital practice are change management/business transformation and human resources operations.

Resources Connection

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