The Hackett Group, Inc. (NASDAQ:HCKT) – Research analysts at Griffin Securities raised their Q2 2018 earnings per share (EPS) estimates for shares of The Hackett Group in a report released on Wednesday. Griffin Securities analyst M. Ajzenman now forecasts that the business services provider will post earnings per share of $0.23 for the quarter, up from their prior estimate of $0.21. Griffin Securities also issued estimates for The Hackett Group’s Q4 2018 earnings at $0.25 EPS.
The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.26 EPS for the quarter, topping the Zacks’ 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 company had revenue of $71.50 million during the quarter, compared to analysts’ expectations of $70.66 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The firm’s revenue was down 3.5% compared to the same quarter last year.
A number of other brokerages have also recently commented on HCKT. Zacks Investment Research raised The Hackett Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub cut The Hackett Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. SunTrust Banks reissued a “buy” rating and issued a $17.00 price objective on shares of The Hackett Group in a report on Friday, November 10th. Finally, Roth Capital raised The Hackett Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $16.00 to $20.00 in a report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The Hackett Group presently has an average rating of “Hold” and a consensus price target of $18.33.
Shares of The Hackett Group (HCKT) opened at $15.87 on Friday. The Hackett Group has a 52-week low of $13.24 and a 52-week high of $20.69. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market capitalization of $454.78, a PE ratio of 21.16, a price-to-earnings-growth ratio of 1.17 and a beta of 0.81.
The business also recently disclosed a semiannual dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 22nd were issued a $0.15 dividend. The ex-dividend date was Thursday, December 21st. This represents a dividend yield of 2.02%. The Hackett Group’s dividend payout ratio (DPR) is presently 40.00%.
Hedge funds have recently modified their holdings of the company. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of The Hackett Group by 104.6% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 6,700 shares of the business services provider’s stock valued at $101,000 after buying an additional 3,426 shares during the period. SG Americas Securities LLC acquired a new position in shares of The Hackett Group in the 2nd quarter valued at about $116,000. Victory Capital Management Inc. lifted its holdings in shares of The Hackett Group by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,522 shares of the business services provider’s stock valued at $117,000 after buying an additional 1,127 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in shares of The Hackett Group in the 2nd quarter valued at about $124,000. Finally, Frontier Wealth Management LLC acquired a new position in shares of The Hackett Group in the 2nd quarter valued at about $171,000. 76.92% of the stock is owned by institutional investors and hedge funds.
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About The Hackett Group
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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