The Hackett Group, Inc. (NASDAQ:HCKT) Expected to Post Quarterly Sales of $72.35 Million

Analysts expect The Hackett Group, Inc. (NASDAQ:HCKT – Get Rating) to report $72.35 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for The Hackett Group’s earnings, with the lowest sales estimate coming in at $72.00 million and the highest estimate coming in at $72.70 million. The Hackett Group reported sales of $73.00 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.9%. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that The Hackett Group will report full year sales of $299.78 million for the current fiscal year, with estimates ranging from $299.16 million to $300.40 million. For the next fiscal year, analysts anticipate that the company will report sales of $327.80 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow The Hackett Group.

The Hackett Group (NASDAQ:HCKT – Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.06. The Hackett Group had a return on equity of 25.72% and a net margin of 15.70%. The firm had revenue of $75.11 million for the quarter, compared to analyst estimates of $71.00 million.

Several equities analysts have issued reports on HCKT shares. Barrington Research started coverage on The Hackett Group in a research note on Wednesday, May 11th. They issued a “buy” rating and a $26.00 price target on the stock. StockNews.com assumed coverage on The Hackett Group in a research note on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Finally, Zacks Investment Research upgraded The Hackett Group from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Thursday, May 19th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $24.75.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HCKT. CWM LLC bought a new stake in shares of The Hackett Group during the fourth quarter valued at approximately $31,000. New York State Teachers Retirement System bought a new stake in The Hackett Group during the fourth quarter worth $43,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in The Hackett Group by 49.4% during the fourth 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 in the last quarter. Denali Advisors LLC bought a new stake in The Hackett Group during the fourth quarter worth $51,000. Finally, Altshuler Shaham Ltd bought a new stake in The Hackett Group during the third quarter worth $70,000. Hedge funds and other institutional investors own 74.11% of the company’s stock.

Shares of HCKT opened at $19.34 on Tuesday. The Hackett Group has a 52-week low of $16.92 and a 52-week high of $24.78. The business’s 50 day moving average price is $22.84 and its two-hundred day moving average price is $21.25. The firm has a market cap of $611.05 million, a PE ratio of 13.81, a price-to-earnings-growth ratio of 1.09 and a beta of 0.60.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 8th. Stockholders of record on Friday, June 24th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, June 23rd. This represents a $0.44 annualized dividend and a dividend yield of 2.28%. The Hackett Group’s dividend payout ratio is 31.43%.

The Hackett Group Company Profile (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.

See Also