Wall Street analysts expect The Hackett Group, Inc. (NASDAQ:HCKT) to report sales of $66.58 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates for The Hackett Group’s earnings, with estimates ranging from $62.54 million to $68.00 million. The Hackett Group posted sales of $70.05 million during the same quarter last year, which would indicate a negative year over year growth rate of 5%. The company is scheduled to report its next earnings report after the market closes on Tuesday, February 20th.
On average, analysts expect that The Hackett Group will report full year sales of $66.58 million for the current fiscal year, with estimates ranging from $261.28 million to $284.31 million. For the next financial year, analysts anticipate that the firm will post sales of $292.76 million per share, with estimates ranging from $276.93 million to $305.11 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow The Hackett Group.
The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating 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 company had revenue of $71.50 million during the quarter, compared to the consensus estimate of $70.66 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The firm’s revenue was down 3.5% compared to the same quarter last year.
Several research firms have recently issued reports on HCKT. Zacks Investment Research downgraded The Hackett Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. BidaskClub downgraded The Hackett Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. SunTrust Banks reaffirmed a “buy” rating and issued a $17.00 price objective on shares of The Hackett Group in a research note on Friday, November 10th. Finally, Roth Capital raised The Hackett Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $16.00 to $20.00 in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.33.
The Hackett Group (NASDAQ HCKT) traded down $0.50 during trading on Friday, hitting $15.40. The stock had a trading volume of 188,890 shares, compared to its average volume of 88,366. The Hackett Group has a one year low of $13.24 and a one year high of $20.69. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a market capitalization of $455.64, a P/E ratio of 21.20, a P/E/G ratio of 1.17 and a beta of 0.82.
A number of large investors have recently added to or reduced their stakes in HCKT. Trigran Investments Inc. increased its position in The Hackett Group by 79.1% during the 3rd quarter. Trigran Investments Inc. now owns 1,148,490 shares of the business services provider’s stock valued at $17,446,000 after purchasing an additional 507,153 shares during the period. Wasatch Advisors Inc. increased its position in The Hackett Group by 108.4% during the 4th quarter. Wasatch Advisors Inc. now owns 958,191 shares of the business services provider’s stock valued at $15,053,000 after purchasing an additional 498,305 shares during the period. LSV Asset Management increased its position in The Hackett Group by 176.6% during the 4th quarter. LSV Asset Management now owns 660,308 shares of the business services provider’s stock valued at $10,373,000 after purchasing an additional 421,604 shares during the period. Boston Partners increased its position in The Hackett Group by 192.8% during the 3rd quarter. Boston Partners now owns 545,482 shares of the business services provider’s stock valued at $8,286,000 after purchasing an additional 359,182 shares during the period. Finally, Opus Capital Group LLC increased its position in The Hackett Group by 1,497.7% during the 4th quarter. Opus Capital Group LLC now owns 191,263 shares of the business services provider’s stock valued at $3,005,000 after purchasing an additional 179,292 shares during the period. 79.27% of the stock is owned by institutional investors and hedge funds.
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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