Wall Street brokerages expect The Hackett Group, Inc. (NASDAQ:HCKT) to announce earnings per share of $0.26 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for The Hackett Group’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.25. The Hackett Group also posted earnings of $0.26 per share during the same quarter last year. The firm is scheduled to issue its next earnings report on Tuesday, February 20th.
On average, analysts expect that The Hackett Group will report full-year earnings of $0.99 per share for the current fiscal year, with EPS estimates ranging from $0.98 to $1.00. For the next financial year, analysts anticipate that the business will post earnings of $1.09 per share, with EPS estimates ranging from $1.07 to $1.12. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow The Hackett Group.
The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The Hackett Group had a net margin of 8.42% and a return on equity of 26.10%. The firm had revenue of $71.50 million for the quarter, compared to analyst estimates of $70.66 million. During the same period last year, the firm posted $0.25 EPS. The Hackett Group’s quarterly revenue was down 3.5% on a year-over-year basis.
HCKT has been the topic of several research reports. Zacks Investment Research raised The Hackett Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub lowered The Hackett Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. SunTrust Banks reaffirmed a “buy” rating and issued a $17.00 target price on shares of The Hackett Group in a research report on Friday, November 10th. Finally, Roth Capital raised The Hackett Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $16.00 to $20.00 in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.33.
Shares of The Hackett Group (HCKT) traded down $0.13 on Wednesday, hitting $16.02. The company’s stock had a trading volume of 60,995 shares, compared to its average volume of 66,240. The Hackett Group has a one year low of $13.24 and a one year high of $20.69. The firm has a market cap of $460.22, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.18 and a beta of 0.82. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.68 and a current ratio of 1.68.
The business also recently disclosed a semiannual dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 22nd were issued a dividend of $0.15 per share. This represents a dividend yield of 2.02%. The ex-dividend date was Thursday, December 21st. The Hackett Group’s dividend payout ratio is 40.00%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Trigran Investments Inc. lifted its position in shares of The Hackett Group by 79.1% during the 3rd quarter. Trigran Investments Inc. now owns 1,148,490 shares of the business services provider’s stock worth $17,446,000 after buying an additional 507,153 shares during the period. Wasatch Advisors Inc. lifted its holdings in shares of The Hackett Group by 108.4% in the fourth quarter. Wasatch Advisors Inc. now owns 958,191 shares of the business services provider’s stock valued at $15,053,000 after purchasing an additional 498,305 shares in the last quarter. Boston Partners lifted its holdings in shares of The Hackett Group by 192.8% in the third quarter. Boston Partners now owns 545,482 shares of the business services provider’s stock valued at $8,286,000 after purchasing an additional 359,182 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of The Hackett Group by 10.6% in the second quarter. Vanguard Group Inc. now owns 1,789,845 shares of the business services provider’s stock valued at $27,743,000 after purchasing an additional 171,125 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of The Hackett Group by 122.8% in the third quarter. Russell Investments Group Ltd. now owns 234,600 shares of the business services provider’s stock valued at $3,564,000 after purchasing an additional 129,300 shares in the last quarter. 79.28% of the stock is currently owned by institutional investors and hedge funds.
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The Hackett Group Company Profile
The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.
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