Equities research analysts expect The Hackett Group, Inc. (NASDAQ:HCKT) to report earnings per share (EPS) of $0.28 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for The Hackett Group’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.27. The Hackett Group reported earnings of $0.25 per share during the same quarter last year, which would indicate a positive year over year growth rate of 12%. The company is scheduled to report its next earnings results on Tuesday, August 14th.
According to Zacks, analysts expect that The Hackett Group will report full-year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.11. For the next year, analysts anticipate that the firm will post earnings of $1.22 per share, with EPS estimates ranging from $1.20 to $1.24. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for The Hackett Group.
The Hackett Group (NASDAQ:HCKT) last announced its earnings results on Tuesday, May 8th. The business services provider reported $0.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.26. The company had revenue of $72.70 million for the quarter, compared to analyst estimates of $72.03 million. The Hackett Group had a return on equity of 24.35% and a net margin of 9.35%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share.
A number of equities research analysts recently issued reports on the company. BidaskClub downgraded The Hackett Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 4th. Barrington Research set a $22.00 price target on The Hackett Group and gave the stock a “buy” rating in a research report on Tuesday, May 15th. Zacks Investment Research downgraded The Hackett Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 19th. SunTrust Banks reissued a “buy” rating on shares of The Hackett Group in a research report on Friday, February 23rd. Finally, ValuEngine downgraded The Hackett Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The Hackett Group currently has a consensus rating of “Buy” and a consensus price target of $19.25.
NASDAQ:HCKT traded down $0.15 during trading hours on Friday, reaching $16.08. 70,723 shares of the company were exchanged, compared to its average volume of 72,964. The company has a market capitalization of $472.90 million, a P/E ratio of 21.16, a P/E/G ratio of 1.18 and a beta of 0.79. The Hackett Group has a 1-year low of $13.24 and a 1-year high of $19.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.63 and a quick ratio of 1.63.
The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, July 11th. Investors of record on Friday, June 29th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a yield of 2.14%. This is an increase from The Hackett Group’s previous Semi-Annual dividend of $0.15. The Hackett Group’s dividend payout ratio is currently 39.47%.
A number of large investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in shares of The Hackett Group in the 1st quarter valued at $162,000. Mackay Shields LLC acquired a new stake in shares of The Hackett Group in the 1st quarter valued at $164,000. MetLife Investment Advisors LLC acquired a new stake in shares of The Hackett Group in the 4th quarter valued at $175,000. Ramsey Quantitative Systems acquired a new stake in shares of The Hackett Group in the 4th quarter valued at $185,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of The Hackett Group in the 1st quarter valued at $210,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.
The Hackett Group Company Profile
The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and European countries. Its executive advisory programs include best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry, an inquiry service used by clients for access to fact-based advice on proven approaches and methods; best practice research, a research that provides insights into the proven approaches; and peer interaction comprising member-led Webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content.
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