Brokerages Anticipate The Hackett Group, Inc. (HCKT) Will Announce Earnings of $0.26 Per Share

Equities analysts expect The Hackett Group, Inc. (NASDAQ:HCKT) to announce earnings of $0.26 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for The Hackett Group’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.26. The Hackett Group also posted earnings of $0.26 per share during the same quarter last year. The business is expected to issue its next quarterly earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that The Hackett Group will report full-year earnings of $0.99 per share for the current year, with EPS estimates ranging from $0.98 to $1.00. For the next fiscal year, analysts forecast that the firm will post earnings of $1.10 per share, with EPS estimates ranging from $1.07 to $1.14. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for The Hackett Group.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The Hackett Group had a return on equity of 26.10% and a net margin of 8.42%. The company had revenue of $71.50 million for the quarter, compared to analyst estimates of $70.66 million. During the same quarter last year, the firm earned $0.25 EPS. The Hackett Group’s revenue for the quarter was down 3.5% compared to the same quarter last year.

Several analysts recently commented on HCKT shares. BidaskClub lowered The Hackett Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research downgraded The Hackett Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Roth Capital upgraded The Hackett Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $16.00 to $20.00 in a research report on Thursday, November 9th. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $17.00 target price on shares of The Hackett Group in a research report on Friday, November 10th. 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 company presently has a consensus rating of “Hold” and an average target price of $18.33.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. boosted its holdings in shares of The Hackett Group by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 24,798 shares of the business services provider’s stock valued at $384,000 after purchasing an additional 64 shares in the last quarter. Bank of America Corp DE raised its position in shares of The Hackett Group by 0.5% in the 1st quarter. Bank of America Corp DE now owns 161,050 shares of the business services provider’s stock worth $3,138,000 after acquiring an additional 750 shares in the last quarter. Rhumbline Advisers raised its position in shares of The Hackett Group by 4.1% in the 2nd quarter. Rhumbline Advisers now owns 26,472 shares of the business services provider’s stock worth $410,000 after acquiring an additional 1,045 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of The Hackett Group by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,522 shares of the business services provider’s stock worth $117,000 after acquiring an additional 1,127 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of The Hackett Group by 8.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,385 shares of the business services provider’s stock worth $301,000 after acquiring an additional 1,549 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Shares of The Hackett Group (HCKT) traded up $0.02 during mid-day trading on Thursday, reaching $16.13. The company had a trading volume of 37,949 shares, compared to its average volume of 112,081. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.22. The firm has a market cap of $462.22, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 1.32 and a beta of 0.81. The Hackett Group has a twelve month low of $13.24 and a twelve month high of $20.69.

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

The Hackett Group announced that its board has approved a share repurchase plan on Tuesday, August 8th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the business services provider to buy up to 17% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

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

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