Equities analysts predict that The Hackett Group, Inc. (NASDAQ:HCKT) will announce $0.25 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for The Hackett Group’s earnings, with estimates ranging from $0.23 to $0.29. The Hackett Group posted earnings of $0.26 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 3.8%. The company is scheduled to announce its next earnings results on Tuesday, February 18th.
According to Zacks, analysts expect that The Hackett Group will report full-year earnings of $1.02 per share for the current fiscal year, with EPS estimates ranging from $0.99 to $1.06. For the next year, analysts expect that the business will post earnings of $1.10 per share, with EPS estimates ranging from $1.03 to $1.15. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow The Hackett Group.
The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The firm had revenue of $72.64 million during the quarter, compared to analyst estimates of $73.16 million. The Hackett Group had a net margin of 7.45% and a return on equity of 21.76%. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share.
HCKT has been the subject of several analyst reports. Barrington Research decreased their target price on shares of The Hackett Group from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday. BidaskClub raised shares of The Hackett Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Zacks Investment Research cut shares of The Hackett Group from a “hold” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $20.00.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of The Hackett Group by 21.6% in the second quarter. BlackRock Inc. now owns 2,626,276 shares of the business services provider’s stock valued at $44,096,000 after buying an additional 466,793 shares in the last quarter. Trigran Investments Inc. boosted its position in The Hackett Group by 1.0% during the second quarter. Trigran Investments Inc. now owns 1,636,275 shares of the business services provider’s stock worth $27,473,000 after purchasing an additional 16,549 shares during the period. Wasatch Advisors Inc. boosted its position in The Hackett Group by 36.4% during the second quarter. Wasatch Advisors Inc. now owns 1,490,198 shares of the business services provider’s stock worth $25,020,000 after purchasing an additional 397,529 shares during the period. Vanguard Group Inc. boosted its position in The Hackett Group by 0.8% during the second quarter. Vanguard Group Inc. now owns 1,467,507 shares of the business services provider’s stock worth $24,640,000 after purchasing an additional 11,330 shares during the period. Finally, Renaissance Technologies LLC boosted its position in The Hackett Group by 3.7% during the second quarter. Renaissance Technologies LLC now owns 1,094,244 shares of the business services provider’s stock worth $18,372,000 after purchasing an additional 38,800 shares during the period. 79.35% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:HCKT traded up $0.02 during mid-day trading on Friday, reaching $15.30. The stock had a trading volume of 69,400 shares, compared to its average volume of 111,581. The Hackett Group has a twelve month low of $14.53 and a twelve month high of $19.57. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.07. The firm has a 50 day simple moving average of $16.52 and a two-hundred day simple moving average of $16.39. The firm has a market cap of $525.47 million, a PE ratio of 14.43, a price-to-earnings-growth ratio of 1.40 and a beta of 0.77.
The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be paid a $0.18 dividend. The ex-dividend date is Thursday, December 19th. This is a boost from The Hackett Group’s previous Semi-Annual dividend of $0.17. This represents a dividend yield of 2.4%. The Hackett Group’s dividend payout ratio (DPR) is currently 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.
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