The Hackett Group (NASDAQ:HCKT) updated its first quarter 2019 earnings guidance on Tuesday. The company provided EPS guidance of $0.21-0.23 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.26. The company issued revenue guidance of $61.5-63 million, compared to the consensus revenue estimate of $74.43 million.
A number of equities analysts recently weighed in on the stock. Barrington Research restated a buy rating and set a $23.00 target price on shares of The Hackett Group in a research report on Friday. BidaskClub lowered shares of The Hackett Group from a strong-buy rating to a buy rating in a research report on Thursday, January 24th. ValuEngine lowered shares of The Hackett Group from a buy rating to a hold rating in a research report on Wednesday, December 5th. Zacks Investment Research lowered shares of The Hackett Group from a hold rating to a sell rating in a research report on Friday, January 4th. Finally, William Blair assumed coverage on shares of The Hackett Group in a research report on Friday, January 11th. They set an outperform rating for the company. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The Hackett Group presently has an average rating of Buy and a consensus price target of $21.33.
Shares of NASDAQ:HCKT traded up $0.05 during midday trading on Tuesday, reaching $19.45. 127,200 shares of the company were exchanged, compared to its average volume of 88,891. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.88 and a current ratio of 1.88. The Hackett Group has a one year low of $15.24 and a one year high of $22.84. The firm has a market cap of $572.65 million, a price-to-earnings ratio of 25.55, a P/E/G ratio of 1.33 and a beta of 0.99.
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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