Equities research analysts predict that The Hackett Group, Inc. (NASDAQ:HCKT) will announce sales of $66.25 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for The Hackett Group’s earnings, with estimates ranging from $62.70 million to $67.90 million. The Hackett Group posted sales of $69.40 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.5%. The business is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, February 19th.
On average, analysts expect that The Hackett Group will report full-year sales of $284.26 million for the current financial year, with estimates ranging from $268.10 million to $290.10 million. For the next year, analysts forecast that the business will report sales of $296.02 million, with estimates ranging from $280.40 million to $305.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for The Hackett Group.
A number of research analysts have weighed in on the stock. BidaskClub raised shares of The Hackett Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 18th. Barrington Research set a $22.00 price target on shares of The Hackett Group and gave the company a “buy” rating in a research note on Tuesday, October 30th. ValuEngine raised shares of The Hackett Group from a “hold” rating to a “buy” rating in a research note on Tuesday, January 15th. William Blair began coverage on shares of The Hackett Group in a research note on Friday, January 11th. They issued an “outperform” rating on the stock. Finally, Zacks Investment Research lowered shares of The Hackett Group from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $21.33.
Hedge funds have recently made changes to their positions in the company. Quantamental Technologies LLC bought a new stake in shares of The Hackett Group in the fourth quarter worth $34,000. Acadian Asset Management LLC bought a new stake in shares of The Hackett Group in the fourth quarter worth $61,000. GSA Capital Partners LLP bought a new stake in shares of The Hackett Group in the third quarter worth $204,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of The Hackett Group in the third quarter worth $210,000. Finally, Engineers Gate Manager LP bought a new stake in The Hackett Group during the third quarter worth $242,000. 78.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of HCKT opened at $19.21 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.88 and a current ratio of 1.88. The Hackett Group has a twelve month low of $15.24 and a twelve month high of $22.84. The company has a market capitalization of $557.60 million, a price-to-earnings ratio of 25.28, a P/E/G ratio of 1.32 and a beta of 0.99.
The Hackett Group Company Profile
The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and European countries. Its executive advisory programs include best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry, an inquiry service used by clients for access to fact-based advice on proven approaches and methods; best practice research, a research that provides insights into the proven approaches; and peer interaction comprising member-led Webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content.
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