The Hackett Group (NASDAQ:HCKT) Issues Q2 2024 Earnings Guidance

The Hackett Group (NASDAQ:HCKT) updated its second quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.360-0.390 for the period, compared to the consensus estimate of 0.420. The company issued revenue guidance of $73.5 million-$75.0 million, compared to the consensus revenue estimate of $78.3 million.

Analyst Ratings Changes

Several brokerages have recently commented on HCKT. Craig Hallum upgraded The Hackett Group from a hold rating to a buy rating and set a $28.00 price objective on the stock in a research report on Wednesday, February 21st. StockNews.com cut The Hackett Group from a strong-buy rating to a buy rating in a report on Tuesday, February 27th. Finally, Barrington Research lowered their target price on The Hackett Group from $28.00 to $26.00 and set an outperform rating for the company in a research note on Wednesday.

The Hackett Group Stock Up 1.4 %

HCKT stock traded up $0.30 on Thursday, reaching $21.86. 115,659 shares of the company traded hands, compared to its average volume of 90,485. The Hackett Group has a one year low of $17.18 and a one year high of $26.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market cap of $603.01 million, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 1.15 and a beta of 0.87. The firm has a fifty day simple moving average of $23.36 and a 200-day simple moving average of $23.03.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, February 20th. The business services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $71.17 million for the quarter, compared to the consensus estimate of $69.65 million. The Hackett Group had a net margin of 11.52% and a return on equity of 43.58%. Research analysts anticipate that The Hackett Group will post 1.42 earnings per share for the current year.

The Hackett Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, June 21st. The Hackett Group’s payout ratio is 35.48%.

The Hackett Group Company Profile

The Hackett Group, Inc operates as an intellectual property-based executive advisory, strategic consulting, and digital transformation company in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions.