Zacks: Analysts Anticipate The Hackett Group, Inc. (HCKT) to Announce $0.25 Earnings Per Share
Equities research analysts forecast that The Hackett Group, Inc. (NASDAQ:HCKT) will post earnings of $0.25 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for The Hackett Group’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.25. The Hackett Group also posted earnings per share of $0.25 in the same quarter last year. The business is scheduled to issue its next earnings results on Monday, November 6th.
On average, analysts expect that The Hackett Group will report full-year earnings of $0.98 per share for the current financial year, with EPS estimates ranging from $0.96 to $1.00. For the next financial year, analysts anticipate that the firm will report earnings of $1.09 per share, with EPS estimates ranging from $1.03 to $1.13. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover The Hackett Group.
The Hackett Group (NASDAQ:HCKT) last issued its earnings results on Tuesday, August 8th. The business services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.02. The business had revenue of $73.60 million during 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 firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period last year, the business posted $0.24 EPS.
HCKT has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of The Hackett Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. SunTrust Banks, Inc. initiated coverage on shares of The Hackett Group in a research report on Thursday, June 15th. They set a “buy” rating and a $19.00 target price for the company. Finally, Zacks Investment Research downgraded shares of The Hackett Group from a “hold” rating to a “strong sell” rating in a research report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $20.00.
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Shares of The Hackett Group (HCKT) traded up 0.80% on Friday, hitting $13.81. 59,061 shares of the stock traded hands. The stock has a 50 day moving average of $14.67 and a 200-day moving average of $16.77. The Hackett Group has a 1-year low of $13.24 and a 1-year high of $20.69. The stock has a market cap of $398.68 million, a PE ratio of 18.39 and a beta of 0.88.
The Hackett Group declared that its board has initiated a share repurchase program on Monday, May 15th that allows the company to buyback $5.00 million in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 1.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
Several institutional investors have recently bought and sold shares of the business. Alps Advisors Inc. boosted its holdings in shares of The Hackett Group by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 24,798 shares of the business services provider’s stock worth $384,000 after buying an additional 64 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of The Hackett Group by 2.0% during the 1st quarter. Bank of Montreal Can now owns 16,613 shares of the business services provider’s stock worth $324,000 after buying an additional 330 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of The Hackett Group by 0.5% during 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 buying an additional 750 shares in the last quarter. American International Group Inc. boosted its holdings in shares of The Hackett Group by 7.1% during the 1st quarter. American International Group Inc. now owns 13,827 shares of the business services provider’s stock worth $269,000 after buying an additional 918 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of The Hackett Group by 4.1% during the 2nd quarter. Rhumbline Advisers now owns 26,472 shares of the business services provider’s stock worth $410,000 after buying an additional 1,045 shares in the last quarter. Hedge funds and other institutional investors own 81.51% of the company’s stock.
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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