The Hackett Group, Inc. (HCKT) Expected to Post Quarterly Sales of $66.58 Million

Equities analysts predict that The Hackett Group, Inc. (NASDAQ:HCKT) will report sales of $66.58 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for The Hackett Group’s earnings. The lowest sales estimate is $62.54 million and the highest is $68.00 million. The Hackett Group posted sales of $70.05 million in the same quarter last year, which suggests a negative year-over-year growth rate of 5%. The business is expected to announce its next earnings report on Tuesday, February 20th.

On average, analysts expect that The Hackett Group will report full year sales of $66.58 million for the current fiscal year, with estimates ranging from $261.28 million to $284.31 million. For the next fiscal year, analysts expect that the business will post sales of $292.76 million per share, with estimates ranging from $276.93 million to $305.11 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow The Hackett Group.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The business had revenue of $71.50 million during the quarter, compared to the consensus estimate of $70.66 million. The Hackett Group had a return on equity of 26.10% and a net margin of 8.42%. The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 EPS.

Several research analysts recently weighed in on HCKT shares. SunTrust Banks reissued a “buy” rating and issued a $17.00 target price on shares of The Hackett Group in a research note on Friday, November 10th. Zacks Investment Research raised shares of The Hackett Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Roth Capital raised shares of The Hackett Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $16.00 to $20.00 in a research note on Thursday, November 9th. Finally, BidaskClub cut The Hackett Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $18.33.

The Hackett Group (NASDAQ HCKT) opened at $15.71 on Friday. The Hackett Group has a one year low of $13.24 and a one year high of $20.69. The firm has a market cap of $449.04, a PE ratio of 20.95, a P/E/G ratio of 1.29 and a beta of 0.80. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.22.

The business also recently declared a semiannual dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be issued a $0.15 dividend. This represents a yield of 2.02%. The ex-dividend date of this dividend is Thursday, December 21st. The Hackett Group’s dividend payout ratio is presently 40.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HCKT. Vanguard Group Inc. raised its position in shares of The Hackett Group by 10.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,789,845 shares of the business services provider’s stock valued at $27,743,000 after purchasing an additional 171,125 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of The Hackett Group by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,712,185 shares of the business services provider’s stock valued at $26,008,000 after purchasing an additional 4,823 shares in the last quarter. Trigran Investments Inc. raised its position in shares of The Hackett Group by 79.1% in the 3rd quarter. Trigran Investments Inc. now owns 1,148,490 shares of the business services provider’s stock valued at $17,446,000 after purchasing an additional 507,153 shares in the last quarter. Hosking Partners LLP raised its position in shares of The Hackett Group by 0.4% in the 3rd quarter. Hosking Partners LLP now owns 1,132,277 shares of the business services provider’s stock valued at $17,199,000 after purchasing an additional 4,247 shares in the last quarter. Finally, Neumeier Poma Investment Counsel LLC raised its position in shares of The Hackett Group by 2.7% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 706,650 shares of the business services provider’s stock valued at $10,734,000 after acquiring an additional 18,750 shares in the last quarter. Hedge funds and other institutional investors own 76.92% of the company’s stock.

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About The Hackett Group

The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.

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

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