The Hackett Group (HCKT) Set to Announce Earnings on Tuesday

The Hackett Group (NASDAQ:HCKT) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect The Hackett Group to post earnings of $0.31 per share for the quarter. The Hackett Group has set its Q1 2024 guidance at 0.360-0.390 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The Hackett Group had a net margin of 11.52% and a return on equity of 43.58%. The company had revenue of $71.17 million for the quarter, compared to the consensus estimate of $69.65 million. On average, analysts expect The Hackett Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

The Hackett Group Price Performance

HCKT stock opened at $22.14 on Monday. The firm has a 50 day moving average of $23.60 and a 200-day moving average of $23.06. The firm has a market capitalization of $610.62 million, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 1.15 and a beta of 0.87. The Hackett Group has a 12 month low of $17.18 and a 12 month high of $26.69. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.36.

The Hackett Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 22nd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, March 21st. The Hackett Group’s dividend payout ratio is presently 35.48%.

Analyst Ratings Changes

Several research firms have recently weighed in on HCKT. StockNews.com cut shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 27th. Craig Hallum upgraded The Hackett Group from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, February 21st. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $28.00 price target on shares of The Hackett Group in a report on Wednesday, February 21st.

About The Hackett Group

The Hackett Group, Inc operates as an intellectual property-based executive advisory, strategic consulting, and digital transformation company in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions.