Equities analysts predict that The Hackett Group, Inc. (NASDAQ:HCKT) will report sales of $67.43 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for The Hackett Group’s earnings. The lowest sales estimate is $66.96 million and the highest is $67.90 million. The Hackett Group reported sales of $69.40 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.8%. The company is scheduled to report its next earnings report on Tuesday, February 19th.
According to Zacks, analysts expect that The Hackett Group will report full year sales of $289.65 million for the current fiscal year, with estimates ranging from $289.18 million to $290.10 million. For the next fiscal year, analysts forecast that the company will report sales of $301.23 million, with estimates ranging from $296.49 million to $305.70 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for The Hackett Group.
The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06). The business had revenue of $73.84 million for the quarter, compared to analyst estimates of $73.70 million. The Hackett Group had a return on equity of 22.48% and a net margin of 11.48%. The Hackett Group’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS.
HCKT has been the subject of several recent research reports. Barrington Research set a $22.00 price target on The Hackett Group and gave the company a “buy” rating in a report on Friday, October 5th. BidaskClub raised The Hackett Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 18th. ValuEngine cut The Hackett Group from a “buy” rating to a “hold” rating in a report on Wednesday. SunTrust Banks reaffirmed a “buy” rating and issued a $23.00 price target on shares of The Hackett Group in a report on Thursday, August 9th. Finally, Zacks Investment Research cut The Hackett Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $21.33.
Several hedge funds have recently added to or reduced their stakes in HCKT. FMR LLC grew its stake in shares of The Hackett Group by 175.8% in the 3rd quarter. FMR LLC now owns 1,616,999 shares of the business services provider’s stock valued at $32,583,000 after purchasing an additional 1,030,786 shares during the period. Renaissance Technologies LLC grew its stake in shares of The Hackett Group by 25.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,051,044 shares of the business services provider’s stock valued at $16,890,000 after purchasing an additional 214,900 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of The Hackett Group in the 3rd quarter valued at approximately $3,487,000. Russell Investments Group Ltd. grew its stake in shares of The Hackett Group by 42.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 417,859 shares of the business services provider’s stock valued at $8,420,000 after purchasing an additional 124,559 shares during the period. Finally, Millennium Management LLC grew its stake in shares of The Hackett Group by 89.9% in the 2nd quarter. Millennium Management LLC now owns 257,738 shares of the business services provider’s stock valued at $4,142,000 after purchasing an additional 121,988 shares during the period. Institutional investors own 79.88% of the company’s stock.
The Hackett Group stock traded down $0.07 during trading hours on Tuesday, hitting $17.08. The stock had a trading volume of 2,883 shares, compared to its average volume of 99,503. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.09. The stock has a market cap of $509.48 million, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 1.29 and a beta of 0.95. The Hackett Group has a fifty-two week low of $15.03 and a fifty-two week high of $22.84.
The company also recently declared a semiannual dividend, which will be paid on Friday, January 4th. Shareholders of record on Friday, December 21st will be issued a $0.17 dividend. This is a boost from The Hackett Group’s previous semiannual dividend of $0.15. The ex-dividend date is Thursday, December 20th. This represents a yield of 1.7%. The Hackett Group’s dividend payout ratio is 44.74%.
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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