The Hackett Group, Inc. (HCKT) Expected to Announce Earnings of $0.27 Per Share

Brokerages forecast that The Hackett Group, Inc. (NASDAQ:HCKT) will report earnings of $0.27 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for The Hackett Group’s earnings, with estimates ranging from $0.26 to $0.28. The Hackett Group reported earnings of $0.26 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.8%. The company is expected to report its next earnings results on Tuesday, November 6th.

On average, analysts expect that The Hackett Group will report full year earnings of $1.07 per share for the current year, with EPS estimates ranging from $1.05 to $1.09. For the next year, analysts expect that the firm will report earnings of $1.21 per share, with EPS estimates ranging from $1.20 to $1.22. Zacks’ EPS calculations are an average based on a survey of analysts that cover The Hackett Group.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results on Tuesday, August 7th. The business services provider reported $0.27 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.27. The company had revenue of $75.65 million for the quarter, compared to analysts’ expectations of $75.04 million. The Hackett Group had a net margin of 11.62% and a return on equity of 23.41%.

HCKT has been the topic of a number of recent research reports. Barrington Research set a $22.00 price target on shares of The Hackett Group and gave the company a “buy” rating in a research note on Friday, October 5th. Zacks Investment Research upgraded shares of The Hackett Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 17th. BidaskClub cut shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 7th. SunTrust Banks restated a “buy” rating and set a $23.00 price target on shares of The Hackett Group in a research note on Thursday, August 9th. Finally, ValuEngine upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $20.75.

Shares of HCKT stock opened at $20.19 on Monday. The company has a market cap of $593.66 million, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 1.51 and a beta of 0.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.73 and a current ratio of 1.73. The Hackett Group has a 12 month low of $14.55 and a 12 month high of $20.59.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in The Hackett Group by 3.8% during the 2nd quarter. BlackRock Inc. now owns 2,333,618 shares of the business services provider’s stock worth $37,500,000 after acquiring an additional 85,858 shares during the period. Dimensional Fund Advisors LP increased its holdings in The Hackett Group by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,721,725 shares of the business services provider’s stock worth $27,668,000 after acquiring an additional 6,464 shares during the period. Trigran Investments Inc. increased its holdings in The Hackett Group by 6.3% during the 2nd quarter. Trigran Investments Inc. now owns 1,538,779 shares of the business services provider’s stock worth $24,729,000 after acquiring an additional 91,387 shares during the period. Wasatch Advisors Inc. increased its holdings in The Hackett Group by 0.7% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,207,162 shares of the business services provider’s stock worth $19,399,000 after acquiring an additional 8,577 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in The Hackett Group by 25.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,051,044 shares of the business services provider’s stock worth $16,890,000 after acquiring an additional 214,900 shares during the period. 78.65% of the stock is currently owned by institutional investors and hedge funds.

The Hackett Group Company Profile

The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and European countries. Its executive advisory programs include best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry, an inquiry service used by clients for access to fact-based advice on proven approaches and methods; best practice research, a research that provides insights into the proven approaches; and peer interaction comprising member-led Webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content.

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