The Hackett Group, Inc. (NASDAQ:HCKT) Expected to Post Earnings of $0.27 Per Share

Wall Street brokerages expect The Hackett Group, Inc. (NASDAQ:HCKT) to report $0.27 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for The Hackett Group’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.27. The Hackett Group also posted earnings of $0.27 per share in the same quarter last year. The business is scheduled to announce its next quarterly earnings results 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 year, with EPS estimates ranging from $1.04 to $1.09. For the next year, analysts anticipate that the business will report earnings of $1.16 per share, with EPS estimates ranging from $1.13 to $1.18. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover The Hackett Group.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The company had revenue of $62.40 million during the quarter, compared to analyst estimates of $65.99 million. The Hackett Group had a net margin of 8.35% and a return on equity of 21.76%. The Hackett Group’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period last year, the business earned $0.26 EPS.



Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. BidaskClub lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Finally, Barrington Research reissued a “buy” rating and set a $22.00 price objective on shares of The Hackett Group in a research report on Friday, June 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The Hackett Group presently has an average rating of “Hold” and a consensus target price of $22.50.

Hedge funds have recently made changes to their positions in the stock. Crawford Investment Counsel Inc. purchased a new stake in The Hackett Group during the 1st quarter valued at about $2,265,000. Cadence Capital Management LLC purchased a new stake in The Hackett Group during the 1st quarter valued at about $2,436,000. FMR LLC grew its position in The Hackett Group by 65.0% during the 4th quarter. FMR LLC now owns 2,668,126 shares of the business services provider’s stock valued at $42,716,000 after purchasing an additional 1,051,127 shares during the last quarter. United Services Automobile Association grew its position in The Hackett Group by 5.5% during the 4th quarter. United Services Automobile Association now owns 181,931 shares of the business services provider’s stock valued at $2,913,000 after purchasing an additional 9,500 shares during the last quarter. Finally, Wasatch Advisors Inc. grew its position in The Hackett Group by 27.8% during the 1st quarter. Wasatch Advisors Inc. now owns 1,092,669 shares of the business services provider’s stock valued at $17,264,000 after purchasing an additional 237,597 shares during the last quarter. 79.13% of the stock is currently owned by institutional investors.

Shares of The Hackett Group stock traded down $0.18 during trading on Friday, hitting $16.50. The company’s stock had a trading volume of 26,784 shares, compared to its average volume of 125,870. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.93 and a quick ratio of 1.93. The business’s fifty day moving average price is $16.70. The firm has a market capitalization of $492.79 million, a P/E ratio of 15.57, a PEG ratio of 1.23 and a beta of 0.82. The Hackett Group has a 52 week low of $15.16 and a 52 week high of $22.84.

The company also recently disclosed a semiannual dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 28th were given a dividend of $0.18 per share. This represents a yield of 2.17%. This is an increase from The Hackett Group’s previous semiannual dividend of $0.17. The ex-dividend date was Thursday, June 27th. The Hackett Group’s dividend payout ratio is 33.96%.

About The Hackett Group

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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Earnings History and Estimates for The Hackett Group (NASDAQ:HCKT)

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