Analysts forecast that The Hackett Group, Inc. (NASDAQ:HCKT) will post earnings of $0.27 per share for the current quarter, according to Zacks. Two analysts have made estimates for The Hackett Group’s earnings, with estimates ranging from $0.26 to $0.27. The Hackett Group also posted earnings per share of $0.27 during the same quarter last year. The company is expected to report its next quarterly earnings results after the market closes on Tuesday, August 6th.
According to Zacks, analysts expect that The Hackett Group will report full year earnings of $1.06 per share for the current fiscal year, with EPS estimates ranging from $1.04 to $1.09. For the next fiscal year, analysts expect that the firm will post earnings of $1.16 per share, with EPS estimates ranging from $1.13 to $1.18. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover The Hackett Group.
The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. The Hackett Group had a return on equity of 21.76% and a net margin of 8.35%. The firm had revenue of $62.40 million during the quarter, compared to the consensus estimate of $65.99 million. During the same quarter in the prior year, the firm posted $0.26 EPS. The business’s revenue was down 12.2% on a year-over-year basis.
A number of equities research analysts have recently issued reports on the company. Barrington Research reiterated a “buy” rating and set a $22.00 price objective on shares of The Hackett Group in a research note on Friday, June 14th. Zacks Investment Research cut GenMark Diagnostics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Finally, BidaskClub cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The Hackett Group currently has an average rating of “Hold” and an average target price of $22.50.
Hedge funds have recently bought and sold shares of the business. Legal & General Group Plc grew its holdings in shares of The Hackett Group by 15.9% during the 4th quarter. Legal & General Group Plc now owns 4,383 shares of the business services provider’s stock worth $71,000 after purchasing an additional 600 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in The Hackett Group by 4,079.2% in the first quarter. BNP Paribas Arbitrage SA now owns 5,015 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 4,895 shares during the period. Strs Ohio acquired a new stake in The Hackett Group in the first quarter valued at approximately $107,000. SG Americas Securities LLC acquired a new stake in The Hackett Group in the first quarter valued at approximately $120,000. Finally, Citigroup Inc. grew its stake in The Hackett Group by 17.4% in the fourth quarter. Citigroup Inc. now owns 7,804 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 1,154 shares during the period. Hedge funds and other institutional investors own 79.17% of the company’s stock.
Shares of The Hackett Group stock traded up $0.41 on Friday, reaching $16.85. 51,830 shares of the company were exchanged, compared to its average volume of 84,746. The Hackett Group has a one year low of $15.16 and a one year high of $22.84. The firm has a market cap of $496.66 million, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 1.24 and a beta of 0.82. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.10. The firm’s 50-day moving average is $16.76.
The company also recently disclosed a semiannual dividend, which was paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th were given a dividend of $0.18 per share. This is a boost from The Hackett Group’s previous semiannual dividend of $0.17. The ex-dividend date of this dividend was Thursday, June 27th. This represents a yield of 2.17%. The Hackett Group’s dividend payout ratio (DPR) is presently 33.96%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.