The Hackett Group, Inc. (NASDAQ:HCKT) Shares Set to Pay Quarterly Dividend of $0.12

The Hackett Group, Inc. (NASDAQ:HCKT) declared a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Thursday, December 24th will be given a dividend of $0.12 per share by the business services provider on Friday, January 8th. This represents a $0.48 annualized dividend and a yield of 3.7%. The ex-dividend date is Thursday, December 24th.

The Hackett Group has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. The Hackett Group has a dividend payout ratio of 26.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect The Hackett Group to earn $1.32 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 36.4%.

The Hackett Group Price Performance

NASDAQ:HCKT opened at $13.04 on Wednesday. The Hackett Group has a 52 week low of $9.15 and a 52 week high of $20.68. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.94 and a current ratio of 1.94. The firm’s 50-day simple moving average is $11.24 and its 200 day simple moving average is $12.29. The firm has a market cap of $324.44 million, a price-to-earnings ratio of 13.07, a P/E/G ratio of 1.13 and a beta of 0.89.

The Hackett Group (NASDAQ:HCKT) last released its earnings results on Tuesday, November 3rd. The business services provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The Hackett Group had a return on equity of 34.77% and a net margin of 5.86%. The firm had revenue of $69.79 million during the quarter, compared to the consensus estimate of $68.67 million. As a group, sell-side analysts predict that The Hackett Group will post 1.17 earnings per share for the current year.

About The Hackett Group

The Hackett Group, Inc is a global business and technology consulting firm that helps organizations improve performance, transform operations and adopt digital technologies. Its services are informed by proprietary research, benchmarking data and best-practice insights across major corporate functions.

The company advises clients on finance, human resources, procurement, information technology, supply chain management and other enterprise operations. Its offerings include benchmarking and performance studies, business transformation programs, enterprise performance management, technology consulting and implementation services.