The Hackett Group, Inc. (NASDAQ:HCKT) – Equities researchers at Barrington Research reduced their FY2018 EPS estimates for The Hackett Group in a research report issued on Wednesday, Zacks Investment Research reports. Barrington Research analyst V. Colicchio now expects that the business services provider will post earnings of $0.90 per share for the year, down from their prior forecast of $0.92.
The Hackett Group (NASDAQ:HCKT) last issued its earnings results on Tuesday, November 7th. The business services provider reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The Hackett Group had a return on equity of 26.10% and a net margin of 8.42%. The business had revenue of $71.50 million during the quarter, compared to analysts’ expectations of $70.66 million. During the same period in the prior year, the business earned $0.25 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year.
A number of other research analysts have also weighed in on the company. SunTrust Banks, Inc. reissued a “buy” rating and issued a $17.00 price objective on shares of The Hackett Group in a report on Friday, November 10th. Zacks Investment Research downgraded The Hackett Group from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Roth Capital upgraded The Hackett Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $16.00 to $20.00 in a research note on Thursday, November 9th. Finally, BidaskClub downgraded The Hackett Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.33.
Shares of The Hackett Group (HCKT) traded down $0.01 during trading hours on Monday, reaching $16.12. The company had a trading volume of 70,700 shares, compared to its average volume of 160,079. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.22. The firm has a market cap of $462.23, a price-to-earnings ratio of 21.51, a P/E/G ratio of 1.32 and a beta of 0.81. The Hackett Group has a 12 month low of $13.24 and a 12 month high of $20.69.
The Hackett Group announced that its board has approved a share buyback program on Tuesday, August 8th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 17% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a semiannual dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a yield of 2.02%. The Hackett Group’s dividend payout ratio (DPR) is 40.00%.
A number of hedge funds have recently bought and sold shares of HCKT. JPMorgan Chase & Co. boosted its position in shares of The Hackett Group by 29.3% during the first quarter. JPMorgan Chase & Co. now owns 126,832 shares of the business services provider’s stock worth $2,472,000 after buying an additional 28,746 shares during the period. American International Group Inc. boosted its holdings in The Hackett Group by 7.1% in the first quarter. American International Group Inc. now owns 13,827 shares of the business services provider’s stock valued at $269,000 after purchasing an additional 918 shares during the period. Teachers Advisors LLC boosted its holdings in The Hackett Group by 15.4% in the first quarter. Teachers Advisors LLC now owns 131,550 shares of the business services provider’s stock valued at $2,564,000 after purchasing an additional 17,554 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in The Hackett Group by 18.5% during the 1st quarter. TIAA CREF Investment Management LLC now owns 280,731 shares of the business services provider’s stock worth $5,471,000 after buying an additional 43,773 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in The Hackett Group by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 1,618,720 shares of the business services provider’s stock worth $31,549,000 after buying an additional 131,226 shares during the last quarter. 77.53% of the stock is owned by institutional investors.
The Hackett Group Company Profile
The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.
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