Press coverage about The Hackett Group (NASDAQ:HCKT) has trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. The Hackett Group earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 46.134439355109 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of The Hackett Group (HCKT) traded down $0.14 during mid-day trading on Friday, reaching $14.96. 52,600 shares of the company’s stock were exchanged, compared to its average volume of 91,565. The company has a market cap of $431.90, a price-to-earnings ratio of 19.68, a PEG ratio of 1.25 and a beta of 0.81. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.22. The Hackett Group has a fifty-two week low of $13.24 and a fifty-two week high of $20.69.
The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). The business had revenue of $73.60 million for the quarter, compared to the consensus estimate of $74.36 million. The Hackett Group had a net margin of 8.42% and a return on equity of 27.74%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 EPS. research analysts anticipate that The Hackett Group will post 0.8 EPS for the current year.
The Hackett Group announced that its Board of Directors has approved a share buyback plan on Tuesday, August 8th that allows the company to buyback $5.00 million in shares. This buyback authorization allows the business services provider to reacquire up to 17% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
Several analysts have recently weighed in on the stock. BidaskClub lowered shares of The Hackett Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research upgraded shares of The Hackett Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The Hackett Group presently has an average rating of “Hold” and an average target price of $19.00.
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The Hackett Group Company Profile
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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