$71.00 million in sales expected for The Hackett Group, Inc. (NASDAQ:HCKT) this quarter
Brokers expect The Hackett Group, Inc. (NASDAQ:HCKT – Get Rating) to report sales of $71.00 million for the current fiscal quarter, according to Zacks. Two analysts provided earnings estimates for The Hackett Group. The Hackett Group reported sales of $63.41 million in the same quarter last year, suggesting a positive year-over-year growth rate of 12%. The company is expected to release its next quarterly earnings report after the market closes on Monday, January 1.
On average, analysts expect The Hackett Group to report annual revenue of $298.35 million for the current fiscal year, with estimates ranging from $297.00 to $299.70 million. . For the next fiscal year, analysts expect the company to post sales of $327.00 million. Zacks sales averages are an average average based on a survey of analysts who cover The Hackett Group.
The Hackett Group (NASDAQ:HCKT – Get Rating) last released its results on Tuesday, February 22. The business services provider reported EPS of $0.26 for the quarter, beating analyst consensus estimates of $0.23 by $0.03. The Hackett Group had a net margin of 14.90% and a return on equity of 23.29%. The company posted revenue of $69.78 million for the quarter, versus $65.85 million expected by analysts. During the same period a year earlier, the company posted earnings per share of $0.16.
HCKT has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of The Hackett Group from a “buy” rating to a “hold” rating in a Tuesday, April 26 research report. StockNews.com assumed coverage of The Hackett Group shares in a Thursday, March 31 report. They set a “Strong Buy” rating for the company. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned the company a strong buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $25.00.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Avantax Advisory Services Inc. increased its equity stake in The Hackett Group by 7.2% in Q1. Avantax Advisory Services Inc. now owns 26,979 shares of the business services provider valued at $623,000 after purchasing an additional 1,810 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of The Hackett Group in Q1 valued at approximately $577,000. Barclays PLC increased its holdings of The Hackett Group shares by 197.0% in Q4. Barclays PLC now owns 29,815 shares of the business services provider valued at $612,000 after buying an additional 19,777 shares during the period. Parametric Portfolio Associates LLC increased its holdings of The Hackett Group shares by 1.5% in the fourth quarter. Parametric Portfolio Associates LLC now owns 93,095 shares of the business services provider valued at $1,911,000 after purchasing an additional 1,368 shares during the period. Finally, Grandeur Peak Global Advisors LLC increased its stake in The Hackett Group shares by 96.0% in the 4th quarter. Grandeur Peak Global Advisors LLC now owns 527,476 shares of the business services provider valued at $10,829,000 after purchasing an additional 258,395 shares during the period. 74.11% of the shares are held by institutional investors and hedge funds.
The NASDAQ HCKT opened at $23.75 on Tuesday. The stock’s fifty-day moving average price is $22.45. The Hackett Group has a 52 week low of $15.83 and a 52 week high of $24.48. The company has a market capitalization of $750.38 million, a PE ratio of 18.85, a P/E/G ratio of 1.32 and a beta of 0.65.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 8. Shareholders of record on Friday, March 25 received a dividend of $0.11 per share. This is a positive change from The Hackett Group’s previous quarterly dividend of $0.10. This represents an annualized dividend of $0.44 and a yield of 1.85%. The ex-dividend date was Thursday, March 24. The Hackett Group’s dividend payout ratio (DPR) is currently 34.92%.
About Hackett Group (Get an evaluation)
The Hackett Group, Inc operates as a strategic consulting and technology advisory firm primarily in North America and internationally. It offers an information center on best practices, a repository that can be consulted online; best practice accelerators that provide web-based access to best practices, custom software configuration tools, and best practice process flows; an advisor’s inquiry for access to evidence-based advice on proven approaches and methods; best practice research that provides insight into proven approaches; and peer-to-peer interaction including member-led webcasts, annual best practice conferences, annual member forums, member performance surveys and customer-submitted content, and intellectual property programs as a service and the Hackett Institute.
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