Resources Connection stock has undergone multiple analysts rating changes in the recent past. Resources Connection Upgraded by Zacks Investment Research on 10/12/2021. In a note to investors, the firm issued a new rating of Strong-Buy. The analysts previously had rating of Hold.
Shares of Resources Connection traded up $0.11 on Monday, reaching $17.93. 0 shares of the stock traded hands, compared to its average volume of 196079. Shares of Resources Connection were trading at $17.93 on Monday. The firm’s 50 day moving average is $15.57 and its 200 day moving average is $14.21.Resources Connection has a 12 month low of $17.81 and a 12 month high of $19.44. While on yearly highs and lows, Resources Connection’s today has traded high as $18.38 and has touched $17.81 on the downward trend. See More Analyst Rating at: RATING
Resources Connection Earnings and What to expect:
Resources Connection last announced its earnings results on October 5th, 2021. The reported $0.43 EPS for the quarter, topping the consensus estimate of $0.27 by $0.16. The company had revenue of $183.14 million for the quarter, compared to analyst estimates of $175.75 million. Its revenue for the quarter was up 24.3% on a year-over-year basis. Resources Connection has generated $1.14 earnings per share over the last year ($0.76 diluted earnings per share) and currently has a price-to-earnings ratio of 23.6. Earnings for Resources Connection are expected to grow by 6.48% in the coming year, from $1.08 to $1.15 per share. Resources Connection has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, January 5th, 2022 based off prior year’s report dates.
Earnings for Resources Connection are expected to grow by 6.48% in the coming year, from $1.08 to $1.15 per share. The P/E ratio of Resources Connection is 23.59, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.70. The P/E ratio of Resources Connection is 23.59, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 26.23. Resources Connection has a P/B Ratio of 1.79. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
Resources Connection (RGP) Moving Average Technical Analysis
5 day Moving Average is $17.62 And 5 day price change is $1.77 (10.95%) with average volume for 5 day average is 443,540. While technical analysis for average 20 days shows significant difference, 20 day moving average is $15.95 and 20 day price change is $2.54 (16.50%) and average 20 day moving volume is 249,510. 50 day moving average is $15.57 and 50 day price change is $2.44 ( 15.75%) and with average volume for 50 days is : 215,528. 200 day moving average is $14.21 and 200 day price change is $5.44 (43.55%) and with average volume for 200 days is : 194,213.
Other owners latest trading in Resources Connection :
- On 10/7/2021 shares held by State of Alaska Department of Revenue were 22,552 which equates to market value of $0.36M and appx 0.00% owners of Resources Connection
- On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 133,043 which equates to market value of $1.91M and appx 0.00% owners of Resources Connection
- On 8/26/2021 shares held by Comerica Bank were 28,806 which equates to market value of $0.44M and appx 0.00% owners of Resources Connection
- In total Institutional ownership equates to Institutional Ownership Percentage: 75.79% for Resources Connection
See More Analyst Rating at: RATING