Equities research analysts expect that The Hackett Group, Inc. (NASDAQ:HCKT) will announce sales of $70.66 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for The Hackett Group’s earnings, with the lowest sales estimate coming in at $70.20 million and the highest estimate coming in at $71.00 million. The Hackett Group reported sales of $74.12 million during the same quarter last year, which would suggest a negative year over year growth rate of 4.7%. The business is expected to report its next quarterly earnings report on Monday, November 6th.

According to Zacks, analysts expect that The Hackett Group will report full year sales of $70.66 million for the current financial year, with estimates ranging from $283.24 million to $287.50 million. For the next financial year, analysts forecast that the business will report sales of $301.19 million per share, with estimates ranging from $296.46 million to $309.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow The Hackett Group.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The company had revenue of $73.60 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share.

Several equities research analysts recently commented on HCKT shares. BidaskClub upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded shares of The Hackett Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $19.25.

The Hackett Group (NASDAQ:HCKT) opened at 15.26 on Tuesday. The stock has a market capitalization of $440.54 million, a P/E ratio of 20.32 and a beta of 0.86. The Hackett Group has a 12-month low of $13.24 and a 12-month high of $20.69. The firm’s 50-day moving average is $14.61 and its 200 day moving average is $15.93.

The Hackett Group announced that its board has approved a stock repurchase program on Tuesday, August 8th that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 17% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

A number of large investors have recently added to or reduced their stakes in HCKT. Nationwide Fund Advisors increased its stake in shares of The Hackett Group by 5.6% during the 1st quarter. Nationwide Fund Advisors now owns 38,626 shares of the business services provider’s stock valued at $753,000 after acquiring an additional 2,044 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of The Hackett Group by 9.0% during the 1st quarter. Bank of New York Mellon Corp now owns 303,800 shares of the business services provider’s stock valued at $5,921,000 after acquiring an additional 25,046 shares during the last quarter. Swiss National Bank increased its stake in shares of The Hackett Group by 5.3% during the 1st quarter. Swiss National Bank now owns 39,992 shares of the business services provider’s stock valued at $779,000 after acquiring an additional 2,000 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of The Hackett Group by 29.3% during the 1st quarter. JPMorgan Chase & Co. now owns 126,832 shares of the business services provider’s stock valued at $2,472,000 after acquiring an additional 28,746 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of The Hackett Group by 26.1% during the 1st quarter. Prudential Financial Inc. now owns 176,533 shares of the business services provider’s stock valued at $3,441,000 after acquiring an additional 36,500 shares during the last quarter. Institutional investors own 81.54% of the company’s stock.

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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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