The Hackett Group, Inc. (NASDAQ:HCKT) Expected to Announce Quarterly Sales of $55.29 Million

Equities research analysts expect The Hackett Group, Inc. (NASDAQ:HCKT) to post $55.29 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for The Hackett Group’s earnings. The highest sales estimate is $57.04 million and the lowest is $53.54 million. The Hackett Group posted sales of $73.52 million during the same quarter last year, which would indicate a negative year over year growth rate of 24.8%. The company is expected to issue its next earnings results on Tuesday, August 4th.

According to Zacks, analysts expect that The Hackett Group will report full-year sales of $237.80 million for the current year, with estimates ranging from $229.90 million to $245.70 million. For the next fiscal year, analysts anticipate that the business will report sales of $253.01 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow The Hackett Group.

The Hackett Group (NASDAQ:HCKT) last issued its earnings results on Tuesday, May 5th. The business services provider reported $0.24 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. The Hackett Group had a return on equity of 18.83% and a net margin of 7.77%. The company had revenue of $69.53 million during the quarter, compared to the consensus estimate of $71.27 million.

HCKT has been the topic of several recent analyst reports. Barrington Research cut their price target on The Hackett Group from $20.00 to $18.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Zacks Investment Research cut The Hackett Group from a “hold” rating to a “sell” rating in a research note on Friday, June 26th. BidaskClub lowered The Hackett Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 30th. Finally, TheStreet lowered The Hackett Group from a “b-” rating to a “c+” rating in a report on Wednesday, March 11th. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $18.33.

Shares of NASDAQ HCKT traded down $0.02 on Friday, hitting $13.38. The company had a trading volume of 123,886 shares, compared to its average volume of 198,010. The Hackett Group has a 12-month low of $9.50 and a 12-month high of $18.90. The business has a 50 day moving average of $13.66 and a two-hundred day moving average of $14.55. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $401.08 million, a P/E ratio of 19.97, a PEG ratio of 2.32 and a beta of 0.74.

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.095 per share. This represents a yield of 2.8%. The ex-dividend date is Monday, June 29th. The Hackett Group’s payout ratio is 48.10%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Great West Life Assurance Co. Can acquired a new position in The Hackett Group during the fourth quarter worth $33,000. Advisor Group Holdings Inc. bought a new stake in shares of The Hackett Group in the 1st quarter valued at about $35,000. Bank of Montreal Can lifted its stake in The Hackett Group by 42.9% in the 4th quarter. Bank of Montreal Can now owns 3,065 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 920 shares during the last quarter. Citigroup Inc. grew its holdings in The Hackett Group by 43.8% during the first quarter. Citigroup Inc. now owns 7,173 shares of the business services provider’s stock worth $91,000 after purchasing an additional 2,186 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in The Hackett Group by 99.8% during the first quarter. BNP Paribas Arbitrage SA now owns 7,566 shares of the business services provider’s stock worth $96,000 after buying an additional 3,779 shares during the last quarter. Institutional investors and hedge funds own 79.52% of the company’s stock.

About The Hackett Group

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

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