Brokerages Expect The Hackett Group, Inc. (HCKT) Will Post Quarterly Sales of $66.58 Million

Analysts expect that The Hackett Group, Inc. (NASDAQ:HCKT) will post $66.58 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for The Hackett Group’s earnings, with the lowest sales estimate coming in at $62.54 million and the highest estimate coming in at $68.00 million. The Hackett Group reported sales of $70.05 million in the same quarter last year, which would suggest a negative year over year growth rate of 5%. The company is scheduled to issue its next quarterly earnings results on Tuesday, February 20th.

According to Zacks, 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 year, analysts anticipate that the firm 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 cover The Hackett Group.

The Hackett Group (NASDAQ:HCKT) last issued its earnings results on Tuesday, November 7th. The business services provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $71.50 million for the quarter, compared to analyst estimates of $70.66 million. The Hackett Group had a net margin of 8.42% and a return on equity of 26.10%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.25 earnings per share.

HCKT has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of The Hackett Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. BidaskClub lowered shares of The Hackett Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. SunTrust Banks reiterated a “buy” rating and set a $17.00 price target on shares of The Hackett Group in a report on Friday, November 10th. Finally, Roth Capital upgraded shares of The Hackett Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $16.00 to $20.00 in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.33.

The Hackett Group (NASDAQ:HCKT) opened at $15.87 on Tuesday. The company has a market cap of $454.78, a price-to-earnings ratio of 21.16, a PEG ratio of 1.17 and a beta of 0.81. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.68 and a current ratio of 1.68. The Hackett Group has a fifty-two week low of $13.24 and a fifty-two week high of $20.69.

The firm also recently declared a semiannual dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 22nd were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, December 21st. This represents a dividend yield of 2.02%. The Hackett Group’s dividend payout ratio (DPR) is presently 40.00%.

Several large investors have recently modified their holdings of HCKT. Trigran Investments Inc. lifted its holdings in The Hackett Group by 79.1% in the third quarter. Trigran Investments Inc. now owns 1,148,490 shares of the business services provider’s stock valued at $17,446,000 after buying an additional 507,153 shares during the period. Wasatch Advisors Inc. acquired a new position in The Hackett Group in the third quarter valued at $6,986,000. Boston Partners lifted its holdings in The Hackett Group by 192.8% in the third quarter. Boston Partners now owns 545,482 shares of the business services provider’s stock valued at $8,286,000 after buying an additional 359,182 shares during the period. Vanguard Group Inc. lifted its holdings in The Hackett Group by 10.6% in the second quarter. Vanguard Group Inc. now owns 1,789,845 shares of the business services provider’s stock valued at $27,743,000 after buying an additional 171,125 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in The Hackett Group by 122.8% in the third quarter. Russell Investments Group Ltd. now owns 234,600 shares of the business services provider’s stock valued at $3,564,000 after buying an additional 129,300 shares during the period. Institutional investors own 76.92% 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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