The Hackett Group, Inc. (HCKT) To Go Ex-Dividend on December 24th

The Hackett Group, Inc. (NASDAQ:HCKT) announced a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Thursday, December 24th will be given a dividend of $0.12 per share by the business services provider on Friday, January 8th. This represents a $0.48 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Thursday, December 24th.

The Hackett Group has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 1 years. The Hackett Group has a payout ratio of 26.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect The Hackett Group to earn $1.32 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 36.4%.

The Hackett Group Stock Performance

NASDAQ:HCKT opened at $13.28 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.94 and a current ratio of 1.94. The stock has a 50-day simple moving average of $11.28 and a two-hundred day simple moving average of $12.25. The firm has a market capitalization of $330.41 million, a PE ratio of 12.54, a P/E/G ratio of 1.11 and a beta of 0.89. The Hackett Group has a 52-week low of $9.15 and a 52-week high of $20.68.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The Hackett Group had a return on equity of 38.91% and a net margin of 6.29%. The company had revenue of $69.79 million during the quarter, compared to the consensus estimate of $68.67 million. Analysts forecast that The Hackett Group will post 1.17 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on HCKT shares. Wall Street Zen upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of The Hackett Group in a research note on Friday, October 2nd. Finally, Zacks Research upgraded The Hackett Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.50.

The Hackett Group Company Profile

The Hackett Group, Inc is a global business and technology consulting firm that helps organizations improve performance, transform operations and adopt digital technologies. Its services are informed by proprietary research, benchmarking data and best-practice insights across major corporate functions.

The company advises clients on finance, human resources, procurement, information technology, supply chain management and other enterprise operations. Its offerings include benchmarking and performance studies, business transformation programs, enterprise performance management, technology consulting and implementation services.