The Hackett Group (HCKT) Releases Earnings Results, Beats Expectations By $0.01 EPS

The Hackett Group (NASDAQ:HCKT) announced its quarterly earnings results on Tuesday. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01, Briefing.com reports. The firm had revenue of $69.40 million for the quarter, compared to the consensus estimate of $67.48 million. The Hackett Group had a net margin of 9.57% and a return on equity of 25.59%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 earnings per share. The Hackett Group updated its Q1 guidance to $0.25-0.27 EPS.

The Hackett Group (NASDAQ HCKT) opened at $18.39 on Thursday. The Hackett Group has a 52-week low of $13.24 and a 52-week high of $20.69. 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 company has a market cap of $477.42, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 1.23 and a beta of 0.82.

Several research analysts recently weighed in on the stock. BidaskClub upgraded shares of The Hackett Group from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Roth Capital upgraded shares of The Hackett Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $16.00 to $20.00 in a research report on Thursday, November 9th. Zacks Investment Research cut shares of The Hackett Group from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Finally, SunTrust Banks reiterated a “buy” rating and set a $17.00 price target on shares of The Hackett Group in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The Hackett Group presently has an average rating of “Hold” and an average price target 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.

Earnings History for The Hackett Group (NASDAQ:HCKT)

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