Wall Street analysts expect that The Hackett Group, Inc. (NASDAQ:HCKT) will report $66.58 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for The Hackett Group’s earnings, with estimates ranging from $62.54 million to $68.00 million. The Hackett Group reported sales of $70.05 million during the same quarter last year, which indicates a negative year over year growth rate of 5%. The company is scheduled to report its next earnings results on Tuesday, February 20th.

On average, analysts expect that The Hackett Group will report full-year sales of $66.58 million for the current year, with estimates ranging from $261.28 million to $284.31 million. For the next financial year, analysts expect that the business will report sales of $292.76 million per share, with estimates ranging from $276.93 million to $305.11 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for The Hackett Group.

The Hackett Group (NASDAQ:HCKT) last announced its earnings results on Tuesday, November 7th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business 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.

HCKT has been the topic of a number of recent research reports. SunTrust Banks reissued a “buy” rating and issued a $17.00 target price on shares of The Hackett Group in a research report on Friday, November 10th. Roth Capital upgraded The Hackett Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $16.00 to $20.00 in a research note on Thursday, November 9th. Zacks Investment Research upgraded The Hackett Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, BidaskClub downgraded The Hackett Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $18.33.

Hedge funds have recently bought and sold shares of the business. Cornerstone Capital Management Holdings LLC. grew its stake in The Hackett Group by 104.6% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 6,700 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 3,426 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of The Hackett Group during the 2nd quarter worth approximately $116,000. Victory Capital Management Inc. boosted its stake in shares of The Hackett Group by 17.6% during 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 during the period. Mountain Capital Investment Advisors Inc bought a new position in shares of The Hackett Group during the 2nd quarter worth approximately $124,000. Finally, Frontier Wealth Management LLC bought a new position in shares of The Hackett Group during the 2nd quarter worth approximately $171,000. Hedge funds and other institutional investors own 77.13% of the company’s stock.

Shares of The Hackett Group (NASDAQ:HCKT) opened at $15.31 on Wednesday. The Hackett Group has a 1 year low of $13.24 and a 1 year high of $20.69. The stock has a market capitalization of $444.46, a P/E ratio of 20.68, a P/E/G ratio of 1.27 and a beta of 0.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.68 and a quick ratio of 1.68.

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

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

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