The Hackett Group (NASDAQ:HCKT) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.25-0.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.28. The company issued revenue guidance of $66.5-68.5 million, compared to the consensus revenue estimate of $72.93 million.The Hackett Group also updated its Q4 2018 guidance to $0.25-0.27 EPS.
NASDAQ:HCKT opened at $22.76 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $657.59 million, a PE ratio of 29.95, a PEG ratio of 1.67 and a beta of 0.92. The Hackett Group has a 1-year low of $14.55 and a 1-year high of $22.84.
The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. The business had revenue of $73.84 million during the quarter, compared to analyst estimates of $73.70 million. The Hackett Group had a net margin of 11.62% and a return on equity of 23.41%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 earnings per share. Research analysts anticipate that The Hackett Group will post 0.89 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on HCKT shares. Barrington Research set a $22.00 price objective on shares of The Hackett Group and gave the company a buy rating in a research report on Tuesday, October 30th. BidaskClub raised shares of The Hackett Group from a hold rating to a buy rating in a research report on Tuesday, October 9th. ValuEngine raised shares of The Hackett Group from a hold rating to a buy rating in a research report on Thursday, August 9th. SunTrust Banks reissued a buy rating and issued a $23.00 price objective on shares of The Hackett Group in a research report on Thursday, August 9th. Finally, Zacks Investment Research raised shares of The Hackett Group from a sell rating to a hold rating in a research report on Tuesday, July 17th. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company. The Hackett Group presently has a consensus rating of Buy and a consensus price target of $20.75.
COPYRIGHT VIOLATION WARNING: “The Hackett Group (HCKT) Updates Q4 Earnings Guidance” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The correct version of this article can be accessed at https://www.dispatchtribunal.com/2018/11/07/the-hackett-group-hckt-updates-q4-earnings-guidance.html.
About The Hackett Group
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.
See Also: Price to Earnings Ratio (PE) Basics
Receive News & Ratings for The Hackett Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hackett Group and related companies with MarketBeat.com's FREE daily email newsletter.