The Hackett Group (HCKT) Issues Q1 Earnings Guidance

The Hackett Group (NASDAQ:HCKT) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.25-0.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.25. The company issued revenue guidance of $71.0-$73.0 million, compared to the consensus revenue estimate of $72.36 million.

Shares of The Hackett Group (NASDAQ:HCKT) traded up $0.37 on Tuesday, hitting $16.66. 214,185 shares of the company were exchanged, compared to its average volume of 108,929. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.68 and a quick ratio of 1.68. The Hackett Group has a 12-month low of $13.24 and a 12-month high of $20.69. The stock has a market capitalization of $476.55, a price-to-earnings ratio of 22.21, a P/E/G ratio of 1.20 and a beta of 0.82.

HCKT has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of The Hackett Group from a hold rating to a sell rating in a report on Tuesday, January 16th. BidaskClub lowered shares of The Hackett Group from a hold rating to a sell rating in a report on Tuesday, December 12th. SunTrust Banks reissued a buy rating and issued a $17.00 price objective on shares of The Hackett Group in a report on Friday, November 10th. Finally, Roth Capital raised shares of The Hackett Group from a neutral rating to a buy rating and upped their price objective for the company from $16.00 to $20.00 in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The Hackett Group has a consensus rating of Hold and an average target price of $18.33.

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About The Hackett Group

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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