Zacks: Analysts Anticipate The Hackett Group, Inc. (NASDAQ:HCKT) to Announce $0.34 EPS

Brokerages expect The Hackett Group, Inc. (NASDAQ:HCKT – Get Rating) to announce $0.34 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for The Hackett Group’s earnings. The Hackett Group reported earnings of $0.39 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 12.8%. The business is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that The Hackett Group will report full-year earnings of $1.44 per share for the current financial year, with EPS estimates ranging from $1.43 to $1.45. For the next fiscal year, analysts forecast that the firm will post earnings of $1.58 per share. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for The Hackett Group.

The Hackett Group (NASDAQ:HCKT – Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The business services provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.06. The company had revenue of $75.11 million during the quarter, compared to 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 equities analysts recently weighed in on HCKT shares. Barrington Research started coverage on shares of The Hackett Group in a research report on Wednesday, May 11th. They set a “buy” rating and a $26.00 price target for the company. Zacks Investment Research upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Thursday. Finally, StockNews.com began coverage on shares of The Hackett Group in a research report on Thursday, March 31st. They set a “strong-buy” rating for the company. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, The Hackett Group presently has an average rating of “Buy” and a consensus price target of $24.75.

A number of large investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA boosted 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’s stock worth $954,000 after purchasing an additional 2,418 shares during the period. Earnest Partners LLC lifted its holdings in shares of The Hackett Group by 7.2% in the first quarter. Earnest Partners LLC now owns 480,161 shares of the business services provider’s stock worth $11,073,000 after buying an additional 32,213 shares in the last quarter. UBS Group AG lifted its holdings in shares of The Hackett Group by 17.1% in the first quarter. UBS Group AG now owns 18,178 shares of the business services provider’s stock worth $419,000 after buying an additional 2,655 shares in the last quarter. Crawford Investment Counsel Inc. lifted its holdings in shares of The Hackett Group by 5.7% in the first quarter. Crawford Investment Counsel Inc. now owns 450,123 shares of the business services provider’s stock worth $10,380,000 after buying an additional 24,100 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of 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’s stock worth $3,757,000 after buying an additional 97,633 shares in the last quarter. Hedge funds and other institutional investors own 74.11% of the company’s stock.

HCKT opened at $19.78 on Friday. The firm has a market cap of $624.85 million, a P/E ratio of 14.13, a PEG ratio of 1.09 and a beta of 0.60. The firm 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 firm also recently announced a quarterly dividend, which will be paid on Friday, July 8th. Shareholders of record on Friday, June 24th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, June 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 2.22%. The Hackett Group’s dividend payout ratio is presently 31.43%.

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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