The Hackett Group (NASDAQ:HCKT) Releases Earnings Results, Hits Expectations

The Hackett Group (NASDAQ:HCKT) released its earnings results on Tuesday. The business services provider reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34, FiscalAI reports. The firm had revenue of $69.33 million during the quarter, compared to the consensus estimate of $68.80 million. The Hackett Group had a return on equity of 33.62% and a net margin of 5.86%. The Hackett Group updated its Q3 2026 guidance to 0.370-0.390 EPS.

Here are the key takeaways from The Hackett Group’s conference call:

• Management expects a Q3 inflection point, guiding to revenue of $68 million–$70 million and adjusted EPS of $0.37–$0.39, up approximately 11.8% sequentially at the midpoint. Adjusted gross margin is expected to improve to 46%–47%.
• The company closed several significant platform-led proposals totaling more than $30 million, with work expected to ramp through Q3 and extend into 2027. Management said platform-supported bids have produced a high win rate and improved pricing, delivery productivity, and scope.
• Hackett reported strong cash generation, with $15.2 million of operating cash flow in Q2, cash increasing to $14.2 million, $6.1 million of net debt reduction, and $4 million of share repurchases. The board also declared a quarterly dividend of $0.12 per share.
• Q2 revenue before reimbursements was slightly below the low end of guidance at $68.3 million, while Global S&BT revenue declined 2% sequentially and Oracle revenue declined 1%. The company also expects a roughly $1 million AI-transition charge in Q3 related primarily to severance and headcount reductions.
• IBM deferred its planned joint go-to-market activity, which caught management by surprise and creates uncertainty around that channel partnership. Hackett is instead relying more heavily on newer or expanding relationships with ServiceNow, TCS, Genpact, and other partners.

The Hackett Group Price Performance

Shares of NASDAQ HCKT traded down $0.73 during midday trading on Thursday, reaching $10.78. 130,400 shares of the company were exchanged, compared to its average volume of 341,571. The stock’s 50-day moving average price is $10.67 and its 200-day moving average price is $12.76. The stock has a market cap of $271.45 million, a P/E ratio of 16.55, a PEG ratio of 0.92 and a beta of 0.92. The Hackett Group has a one year low of $9.15 and a one year high of $21.40. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.19.

The Hackett Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be given a $0.12 dividend. The ex-dividend date is Friday, September 18th. This represents a $0.48 dividend on an annualized basis and a yield of 4.5%. The Hackett Group’s dividend payout ratio (DPR) is currently 90.57%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HCKT. Roth Capital set a $17.00 target price on shares of The Hackett Group in a research report on Wednesday, May 6th. Wall Street Zen cut shares of The Hackett Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “sell (d+)” rating on shares of The Hackett Group in a research report on Monday, July 6th. Barrington Research cut their target price on The Hackett Group from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Finally, Zacks Research raised The Hackett Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $16.50.

Institutional Investors Weigh In On The Hackett Group

Several hedge funds have recently modified their holdings of HCKT. Royal Bank of Canada grew its position in The Hackett Group by 253.5% during the 1st quarter. Royal Bank of Canada now owns 32,776 shares of the business services provider’s stock worth $957,000 after acquiring an additional 23,503 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in The Hackett Group by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the business services provider’s stock valued at $439,000 after purchasing an additional 614 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of The Hackett Group during the first quarter valued at about $1,379,000. Rhumbline Advisers grew its holdings in shares of The Hackett Group by 1.5% during the second quarter. Rhumbline Advisers now owns 39,506 shares of the business services provider’s stock worth $1,004,000 after purchasing an additional 581 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of The Hackett Group by 7.3% during the second quarter. American Century Companies Inc. now owns 64,276 shares of the business services provider’s stock worth $1,634,000 after purchasing an additional 4,399 shares during the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.

The Hackett Group Company Profile

The Hackett Group is a global strategic advisory firm specializing in business transformation, benchmarking and research. Leveraging a proprietary data repository and the Hackett Methodology®, the company helps organizations optimize performance across enterprise functions. Its advisory services span digital transformation, process optimization and operational excellence, enabling clients to identify best practices, streamline workflows and achieve sustainable cost savings.

Through detailed benchmarking studies and industry research, The Hackett Group delivers actionable insights into finance, procurement, human resources, information technology and supply chain management.