Brokers expect The Hackett Group, Inc. (NASDAQ:HCKT – Get Rating) to report earnings per share (EPS) of $0.34 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have released earnings estimates for The Hackett Group. Hackett Group reported earnings of $0.39 per share in the same quarter last year, suggesting a negative 12.8% year-over-year growth rate. The company is expected to release its next earnings report on Monday, January 1.
According to Zacks, analysts expect The Hackett Group to report annual earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.43 to $1.45. For the next fiscal year, analysts expect the company to post earnings of $1.58 per share. Zacks earnings per share averages are an average based on a survey of research companies that provide coverage for The Hackett Group.
Hackett Group Inc (NASDAQ:HCKT – Get Rating) last released its quarterly results on Tuesday, May 10. The business services provider reported earnings per share of $0.32 for the quarter, beating the consensus estimate of $0.26 by $0.06. The company posted revenue of $75.11 million in the quarter, versus analyst estimates of $71.00 million. The Hackett Group had a net margin of 15.70% and a return on equity of 25.72%.
Several equity analysts have recently weighed in on HCKT shares. Barrington Research began covering shares of The Hackett Group in a research report on Wednesday, May 11. They set a “buy” rating and a price target of $26.00 for the company. Zacks Investment Research upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating and set a price target of $22.00 for the company in a research report on Thursday. Finally, StockNews.com began covering shares of The Hackett Group in a research report on Thursday, March 31. They established a “Strong Buy” rating for the company. Four equity research analysts gave the stock a buy rating and one gave the stock a strong buy rating. According to MarketBeat.com, The Hackett Group currently has an average rating of “Buy” and a consensus price target of $24.75.
A number of large investors have recently changed their holdings in the company. BNP Paribas Arbitrage SA increased its position in The Hackett Group by 6.2% during the first quarter. BNP Paribas Arbitrage SA now owns 41,377 shares of the business services provider worth $954,000 after purchasing an additional 2,418 shares during the period. Earnest Partners LLC increased its holdings of shares in The Hackett Group by 7.2% in the first quarter. Earnest Partners LLC now owns 480,161 shares of the business services provider worth $11,073,000 after buying an additional 32,213 shares last quarter. UBS Group AG increased its holding in Hackett Group shares by 17.1% in the first quarter. UBS Group AG now owns 18,178 shares of the business services provider worth $419,000 after buying 2,655 additional shares last quarter. Crawford Investment Counsel Inc. increased its holdings of shares in The Hackett Group by 5.7% in the first quarter. Crawford Investment Counsel Inc. now owns 450,123 shares of the business services provider worth $10,380,000 after buying an additional 24,100 shares last quarter. Finally, Charles Schwab Investment Management Inc. increased its equity stake in The Hackett Group by 149.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 162,902 shares of the business services provider worth $3,757,000 after buying an additional 97,633 shares last quarter. Hedge funds and other institutional investors hold 74.11% of the company’s shares.
HCKT opened at $19.78 on Friday. The company has a market capitalization of $624.85 million, a P/E ratio of 14.13, a PEG ratio of 1.09 and a beta of 0.60. The company has a 50-day moving average of $22.87 and a 200-day moving average of $21.27. The Hackett Group has a fifty-two week low of $16.92 and a fifty-two week high of $24.78.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 8. Shareholders of record on Friday, June 24 will receive a dividend of $0.11 per share. The ex-date of this dividend is Thursday, June 23. This represents a dividend of $0.44 on an annualized basis and a yield of 2.22%. The Hackett Group’s dividend payout ratio is currently 31.43%.
About Hackett Group (Get an assessment)
The Hackett Group, Inc operates as a strategic consulting and technology advisory firm primarily in North America and internationally. It offers an information center on best practices, a repository that can be consulted online; best practice accelerators that provide web-based access to best practices, custom software configuration tools, and best practice process flows; an advisor’s inquiry for access to evidence-based advice on proven approaches and methods; best practice research that provides insight into proven approaches; and peer-to-peer interaction including member-led webcasts, annual best practice conferences, annual member forums, member performance surveys and customer-submitted content, and intellectual property programs as a service and the Hackett Institute.
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