$66.58 Million in Sales Expected for The Hackett Group, Inc. (HCKT) This Quarter

Wall Street analysts expect The Hackett Group, Inc. (NASDAQ:HCKT) to report $66.58 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have made 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 posted sales of $70.05 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 5%. The company is scheduled to announce its next quarterly earnings report after the market closes 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 financial year, analysts anticipate that the company will post 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 posted its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. The business had revenue of $71.50 million during the quarter, compared to the consensus estimate of $70.66 million. The Hackett Group had a return on equity of 26.10% and a net margin of 8.42%. The Hackett Group’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share.

Several brokerages recently commented on HCKT. Zacks Investment Research cut The Hackett Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. BidaskClub cut The Hackett Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. SunTrust Banks reissued a “buy” rating and set a $17.00 price target on shares of The Hackett Group in a research report on Friday, November 10th. Finally, Roth Capital raised The Hackett Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $16.00 to $20.00 in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $18.33.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boston Partners lifted its position in shares of The Hackett Group by 7.1% in the fourth quarter. Boston Partners now owns 584,122 shares of the business services provider’s stock valued at $9,177,000 after buying an additional 38,640 shares during the last quarter. LSV Asset Management lifted its position in shares of The Hackett Group by 176.6% in the fourth quarter. LSV Asset Management now owns 660,308 shares of the business services provider’s stock valued at $10,373,000 after buying an additional 421,604 shares during the last quarter. Rice Hall James & Associates LLC acquired a new stake in shares of The Hackett Group in the fourth quarter valued at approximately $1,841,000. Wasatch Advisors Inc. lifted its position in shares of The Hackett Group by 108.4% in the fourth quarter. Wasatch Advisors Inc. now owns 958,191 shares of the business services provider’s stock valued at $15,053,000 after buying an additional 498,305 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. lifted its position in shares of The Hackett Group by 4.0% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 425,281 shares of the business services provider’s stock valued at $6,681,000 after buying an additional 16,468 shares during the last quarter. 79.28% of the stock is owned by institutional investors.

The Hackett Group (NASDAQ HCKT) opened at $16.03 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $462.80, a PE ratio of 21.37, a P/E/G ratio of 1.19 and a beta of 0.82. 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 disclosed a semiannual dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 22nd were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, December 21st. This represents a dividend yield of 2.02%. The Hackett Group’s payout ratio is 40.00%.

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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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