The Hackett Group, Inc. (HCKT) Releases Q3 Earnings Guidance
The Hackett Group, Inc. (NASDAQ:HCKT) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.24-$0.26 for the period, compared to the Thomson Reuters consensus estimate of $0.26. The company issued revenue guidance of $69.5-$71.5 million, compared to the consensus revenue estimate of $77.14 million.
Several brokerages have recently commented on HCKT. Craig Hallum lowered shares of The Hackett Group from a buy rating to a hold rating and set a $18.00 price target on the stock. in a research note on Wednesday, May 10th. Roth Capital lowered shares of The Hackett Group from a buy rating to a neutral rating and set a $20.00 price target on the stock. in a research note on Wednesday, May 10th. Zacks Investment Research lowered shares of The Hackett Group from a buy rating to a hold rating in a research note on Tuesday, April 25th. BidaskClub upgraded shares of The Hackett Group from a hold rating to a buy rating in a research note on Monday, July 24th. Finally, SunTrust Banks, Inc. began coverage on shares of The Hackett Group in a research note on Thursday, June 15th. They set a buy rating and a $19.00 price target on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $20.00.
The Hackett Group, Inc. (HCKT) traded up 0.63% on Tuesday, reaching $15.93. 136,495 shares of the company were exchanged. The stock has a 50 day moving average of $15.76 and a 200 day moving average of $17.26. The firm has a market capitalization of $465.46 million, a PE ratio of 20.69 and a beta of 0.78. The Hackett Group, Inc. has a 12-month low of $13.70 and a 12-month high of $20.69.
The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings results on Tuesday, May 9th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. The Hackett Group had a net margin of 8.60% and a return on equity of 28.73%. The firm had revenue of $71.50 million for the quarter, compared to analyst estimates of $72.98 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities analysts anticipate that The Hackett Group, Inc. will post $0.99 EPS for the current year.
The company also recently declared a semiannual dividend, which was paid on Tuesday, July 11th. Shareholders of record on Friday, June 30th were given a dividend of $0.15 per share. This is a positive change from The Hackett Group’s previous semiannual dividend of $0.13. This represents a yield of 1.94%. The ex-dividend date of this dividend was Wednesday, June 28th. The Hackett Group’s dividend payout ratio is 38.96%.
The Hackett Group announced that its board has initiated a stock buyback program on Monday, May 15th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the business services provider to repurchase up to 1.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.
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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