Zacks: Brokerages Anticipate The Hackett Group, Inc. (NASDAQ:HCKT) to Announce $0.25 EPS

Brokerages forecast that The Hackett Group, Inc. (NASDAQ:HCKT) will post $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 reported earnings of $0.26 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.8%. The business is scheduled to issue its next quarterly earnings results on Tuesday, February 18th.

On average, analysts expect that The Hackett Group will report full year earnings of $1.02 per share for the current financial year, with EPS estimates ranging from $0.99 to $1.06. For the next year, analysts expect that the company will report earnings of $1.10 per share, with EPS estimates ranging from $1.03 to $1.15. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow The Hackett Group.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The company had revenue of $72.64 million for 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 21.32%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 EPS.

A number of research analysts have issued reports on HCKT shares. Barrington Research cut their price target on shares of The Hackett Group from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Zacks Investment Research upgraded shares of The Hackett Group from a “sell” rating to a “hold” rating in a research note on Monday, December 2nd. BidaskClub lowered shares of The Hackett Group from a “hold” rating to a “sell” rating in a report on Saturday, November 30th. Finally, TheStreet downgraded The Hackett Group from a “b” rating to a “c+” rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The Hackett Group presently has an average rating of “Hold” and an average target price of $20.00.

NASDAQ:HCKT traded up $0.07 during trading hours on Tuesday, hitting $15.27. 169,650 shares of the company were exchanged, compared to its average volume of 96,347. The stock has a market capitalization of $454.43 million, a price-to-earnings ratio of 17.27, a PEG ratio of 1.32 and a beta of 0.66. The Hackett Group has a 52-week low of $14.53 and a 52-week high of $19.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.98 and a quick ratio of 1.98. The company’s 50 day moving average price is $15.88 and its 200-day moving average price is $16.33.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th will be issued a $0.18 dividend. The ex-dividend date is Thursday, December 19th. This is a positive change 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 is currently 33.96%.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of The Hackett Group by 21.6% during the second quarter. BlackRock Inc. now owns 2,626,276 shares of the business services provider’s stock worth $44,096,000 after purchasing an additional 466,793 shares during the period. Wasatch Advisors Inc. raised its position in The Hackett Group by 36.4% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,490,198 shares of the business services provider’s stock worth $25,020,000 after buying an additional 397,529 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in The Hackett Group during the 2nd quarter worth approximately $4,727,000. Marshall Wace LLP acquired a new stake in The Hackett Group during the 2nd quarter valued at approximately $4,716,000. Finally, Keeley Teton Advisors LLC lifted its stake in The Hackett Group by 297.2% during the 2nd quarter. Keeley Teton Advisors LLC now owns 363,250 shares of the business services provider’s stock valued at $6,099,000 after acquiring an additional 271,800 shares during the period. Hedge funds and other institutional investors own 78.56% of the company’s stock.

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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