Analysts Anticipate The Hackett Group, Inc. (NASDAQ:HCKT) Will Post Quarterly Sales of $67.23 Million

Share on StockTwits

Wall Street brokerages predict that The Hackett Group, Inc. (NASDAQ:HCKT) will report $67.23 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for The Hackett Group’s earnings. The lowest sales estimate is $66.96 million and the highest is $67.50 million. The Hackett Group posted sales of $66.54 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1%. The business is scheduled to report its next earnings report on Tuesday, February 18th.

According to Zacks, analysts expect that The Hackett Group will report full year sales of $280.62 million for the current fiscal year, with estimates ranging from $280.33 million to $280.90 million. For the next fiscal year, analysts anticipate that the business will report sales of $293.16 million, with estimates ranging from $292.50 million to $293.82 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow The Hackett Group.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The Hackett Group had a net margin of 7.45% and a return on equity of 21.32%. The business had revenue of $72.64 million during the quarter, compared to the consensus estimate of $73.16 million. During the same period in the previous year, the business posted $0.27 earnings per share. The Hackett Group’s revenue was down 1.5% compared to the same quarter last year.

A number of equities analysts have recently weighed in on HCKT shares. BidaskClub cut shares of The Hackett Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 30th. Barrington Research reduced their price target on shares of The Hackett Group from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Zacks Investment Research raised shares of The Hackett Group from a “sell” rating to a “hold” rating in a research report on Monday, December 2nd. Finally, TheStreet cut shares of The Hackett Group from a “b” rating to a “c+” rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The Hackett Group presently has a consensus rating of “Hold” and an average target price of $20.00.

Several hedge funds and other institutional investors have recently made changes to their positions in HCKT. Quantamental Technologies LLC bought a new position in shares of The Hackett Group during the second quarter worth $30,000. Meeder Asset Management Inc. raised its holdings in shares of The Hackett Group by 284.2% during the third quarter. Meeder Asset Management Inc. now owns 2,974 shares of the business services provider’s stock worth $48,000 after acquiring an additional 2,200 shares during the period. Bank of Montreal Can raised its holdings in shares of The Hackett Group by 28.5% during the second quarter. Bank of Montreal Can now owns 6,455 shares of the business services provider’s stock worth $109,000 after acquiring an additional 1,430 shares during the period. Aperio Group LLC acquired a new stake in shares of The Hackett Group during the second quarter worth $173,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of The Hackett Group during the second quarter worth $208,000. 78.56% of the stock is currently owned by institutional investors.

Shares of NASDAQ HCKT traded up $0.05 during midday trading on Thursday, reaching $15.29. 318,567 shares of the stock were exchanged, compared to its average volume of 113,221. The business has a 50-day simple moving average of $15.81 and a two-hundred day simple moving average of $16.31. The company has a market capitalization of $455.68 million, a price-to-earnings ratio of 14.42, a P/E/G ratio of 1.33 and a beta of 0.67. The Hackett Group has a 12 month low of $14.53 and a 12 month high of $19.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.98 and a quick ratio of 1.98.

The company also recently declared a Semi-Annual dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th will be given a dividend of $0.18 per share. This represents a dividend yield of 2.4%. This is a boost from The Hackett Group’s previous Semi-Annual dividend of $0.17. The ex-dividend date is Thursday, December 19th. The Hackett Group’s dividend payout ratio (DPR) is currently 33.96%.

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.

Featured Article: What is the market perform rating?

Get a free copy of the Zacks research report on The Hackett Group (HCKT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for The Hackett Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hackett Group and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.