The Hackett Group, Inc. (NASDAQ:HCKT) Declares $0.11 Quarterly Dividend

The Hackett Group, Inc. (NASDAQ:HCKT) announced a quarterly dividend on Tuesday, August 6th, Zacks reports. Investors of record on Friday, September 20th will be paid a dividend of 0.11 per share by the business services provider on Friday, October 4th. This represents a $0.44 annualized dividend and a yield of 1.72%. The ex-dividend date is Friday, September 20th.

The Hackett Group has increased its dividend by an average of 15.6% annually over the last three years. The Hackett Group has a dividend payout ratio of 25.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect The Hackett Group to earn $1.46 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 30.1%.

The Hackett Group Price Performance

Shares of HCKT traded down $0.16 during trading hours on Thursday, hitting $25.61. The stock had a trading volume of 9,551 shares, compared to its average volume of 98,173. The stock has a market capitalization of $707.19 million, a price-to-earnings ratio of 20.45, a P/E/G ratio of 1.55 and a beta of 0.91. The company’s fifty day moving average is $22.97 and its two-hundred day moving average is $23.12. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.66 and a quick ratio of 1.66. The Hackett Group has a 52 week low of $20.23 and a 52 week high of $27.68.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The Hackett Group had a return on equity of 40.62% and a net margin of 11.48%. The business had revenue of $75.73 million during the quarter, compared to analysts’ expectations of $73.85 million. On average, analysts anticipate that The Hackett Group will post 1.28 EPS for the current year.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an “outperform” rating and set a $26.00 price target on shares of The Hackett Group in a research note on Tuesday, May 28th.

About The Hackett Group

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.