Zacks: Brokerages Anticipate The Hackett Group, Inc. (NASDAQ:HCKT) to Announce $0.32 Earnings Per Share

Wall Street analysts expect that The Hackett Group, Inc. (NASDAQ:HCKTGet Rating) will post earnings of $0.32 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for The Hackett Group’s earnings. The Hackett Group posted earnings per share of $0.27 in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.5%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that The Hackett Group will report full-year earnings of $1.39 per share for the current financial year, with EPS estimates ranging from $1.38 to $1.39. For the next financial year, analysts forecast that the company will post earnings of $1.55 per share. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for The Hackett Group.

The Hackett Group (NASDAQ:HCKTGet Rating) last issued its quarterly earnings data on Tuesday, February 22nd. The business services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. The company had revenue of $69.78 million during the quarter, compared to analysts’ expectations of $65.85 million. The Hackett Group had a net margin of 14.90% and a return on equity of 23.29%. During the same quarter in the previous year, the company earned $0.16 earnings per share.

A number of equities research analysts have recently weighed in on HCKT shares. StockNews.com started coverage on shares of The Hackett Group in a report on Thursday, March 31st. They issued a “strong-buy” rating for the company. Zacks Investment Research upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, March 1st. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $25.00.

Institutional investors have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of The Hackett Group by 49.4% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,063 shares of the business services provider’s stock worth $43,000 after buying an additional 682 shares during the period. Royal Bank of Canada grew its position in shares of The Hackett Group by 24.5% in the 3rd quarter. Royal Bank of Canada now owns 3,704 shares of the business services provider’s stock worth $73,000 after buying an additional 730 shares during the period. Isthmus Partners LLC grew its position in shares of The Hackett Group by 1.2% in the 4th quarter. Isthmus Partners LLC now owns 88,339 shares of the business services provider’s stock worth $1,814,000 after buying an additional 1,019 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of The Hackett Group by 1.5% in the 4th quarter. Parametric Portfolio Associates LLC now owns 93,095 shares of the business services provider’s stock worth $1,911,000 after buying an additional 1,368 shares during the period. Finally, CWM LLC purchased a new stake in The Hackett Group during the 4th quarter valued at about $31,000. 80.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of HCKT traded up $0.26 during mid-day trading on Friday, reaching $23.68. The company’s stock had a trading volume of 130,446 shares, compared to its average volume of 161,256. The stock has a market cap of $748.05 million, a PE ratio of 18.79, a P/E/G ratio of 1.33 and a beta of 0.65. The Hackett Group has a 52 week low of $15.83 and a 52 week high of $24.08. The company’s fifty day moving average price is $21.40 and its two-hundred day moving average price is $20.81.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 8th. Shareholders of record on Friday, March 25th were given a dividend of $0.11 per share. This is an increase from The Hackett Group’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Thursday, March 24th. The Hackett Group’s payout ratio is presently 34.92%.

About The Hackett Group (Get Rating)

The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and internationally. It offers best practice intelligence center, an online searchable repository; best practice accelerators that provide web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry for access to fact-based advice on proven approaches and methods; best practice 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, as well as intellectual property as-a-service and Hackett Institute programs.

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