The Hackett Group, Inc. (NASDAQ:HCKT) Expected to Announce Quarterly Sales of $70.48 Million

Equities analysts predict that The Hackett Group, Inc. (NASDAQ:HCKT) will post sales of $70.48 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for The Hackett Group’s earnings. The highest sales estimate is $72.90 million and the lowest is $68.05 million. The Hackett Group posted sales of $75.65 million in the same quarter last year, which suggests a negative year-over-year growth rate of 6.8%. The firm is scheduled to announce its next earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that The Hackett Group will report full year sales of $275.85 million for the current year, with estimates ranging from $267.45 million to $284.24 million. For the next year, analysts anticipate that the company will post sales of $279.49 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for The Hackett Group.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The Hackett Group had a return on equity of 21.76% and a net margin of 8.35%. The business had revenue of $62.40 million during the quarter, compared to analyst estimates of $65.99 million. During the same period in the prior year, the company posted $0.26 EPS. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year.

A number of brokerages recently issued reports on HCKT. Barrington Research reissued a “buy” rating and issued a $22.00 price objective on shares of The Hackett Group in a report on Friday, June 14th. BidaskClub raised The Hackett Group from a “hold” rating to a “buy” rating in a report on Thursday, June 13th. Finally, Zacks Investment Research raised The Hackett Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $22.50.

Shares of HCKT stock opened at $16.79 on Friday. The Hackett Group has a 12-month low of $15.16 and a 12-month high of $22.84. The company has a market cap of $499.34 million, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 1.23 and a beta of 0.83. The business has a 50 day simple moving average of $16.54. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.93 and a quick ratio of 1.93.

The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 28th will be issued a $0.18 dividend. This represents a yield of 2.17%. This is a positive change from The Hackett Group’s previous semiannual dividend of $0.17. The ex-dividend date of this dividend is Thursday, June 27th. The Hackett Group’s dividend payout ratio is 32.08%.

Hedge funds have recently modified their holdings of the stock. Crawford Investment Counsel Inc. bought a new position in The Hackett Group in the 1st quarter worth approximately $2,265,000. Martingale Asset Management L P lifted its position in The Hackett Group by 6.6% in the fourth quarter. Martingale Asset Management L P now owns 115,212 shares of the business services provider’s stock worth $1,846,000 after purchasing an additional 7,092 shares during the period. Cadence Capital Management LLC acquired a new stake in The Hackett Group in the first quarter worth approximately $2,436,000. FMR LLC lifted its position in The Hackett Group by 65.0% in the fourth quarter. FMR LLC now owns 2,668,126 shares of the business services provider’s stock worth $42,716,000 after purchasing an additional 1,051,127 shares during the period. Finally, United Services Automobile Association lifted its position in The Hackett Group by 5.5% in the fourth quarter. United Services Automobile Association now owns 181,931 shares of the business services provider’s stock worth $2,913,000 after purchasing an additional 9,500 shares during the period. 79.07% of the stock is owned by institutional investors and hedge funds.

About The Hackett Group

The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and European countries. Its executive advisory programs include best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry, an inquiry service used by clients for access to fact-based advice on proven approaches and methods; best practice research, a 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.

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