The Hackett Group, Inc. (NASDAQ:HCKT) – Stock analysts at SunTrust Banks dropped their Q1 2018 earnings estimates for The Hackett Group in a research note issued on Wednesday. SunTrust Banks analyst F. Atkins now expects that the business services provider will post earnings per share of $0.21 for the quarter, down from their prior forecast of $0.22. SunTrust Banks currently has a “Buy” rating and a $17.00 target price on the stock. SunTrust Banks also issued estimates for The Hackett Group’s Q4 2018 earnings at $0.22 EPS.

The Hackett Group (NASDAQ:HCKT) last issued its earnings results on Tuesday, November 7th. The business services provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The Hackett Group had a net margin of 8.42% and a return on equity of 26.10%. The company had revenue of $71.50 million for the quarter, compared to the consensus estimate of $70.66 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. TRADEMARK VIOLATION WARNING: “The Hackett Group, Inc. Expected to Earn Q1 2018 Earnings of $0.21 Per Share (HCKT)” was first published by Watch List News and is owned by of Watch List News. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.watchlistnews.com/the-hackett-group-inc-expected-to-earn-q1-2018-earnings-of-0-21-per-share-hckt/1702258.html.

Several other brokerages also recently commented on HCKT. BidaskClub downgraded shares of The Hackett Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research downgraded shares of The Hackett Group from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Roth Capital raised shares of The Hackett Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock 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 assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $18.33.

The Hackett Group (NASDAQ:HCKT) opened at $15.26 on Monday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.22. The Hackett Group has a one year low of $13.24 and a one year high of $20.69. The company has a market cap of $438.15, a price-to-earnings ratio of 20.39, a P/E/G ratio of 1.27 and a beta of 0.81.

The business also recently declared a semiannual dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 22nd will be issued a $0.15 dividend. This represents a yield of 2.02%. The ex-dividend date of this dividend is Thursday, December 21st. The Hackett Group’s dividend payout ratio (DPR) is currently 40.00%.

The Hackett Group announced that its board has authorized a stock repurchase plan on Tuesday, August 8th that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 17% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in The Hackett Group in the second quarter valued at $116,000. Victory Capital Management Inc. boosted its holdings in The Hackett Group by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,522 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 1,127 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in The Hackett Group in the second quarter valued at $124,000. Frontier Wealth Management LLC bought a new stake in The Hackett Group in the second quarter valued at $171,000. Finally, Voya Investment Management LLC bought a new stake in The Hackett Group in the second quarter valued at $175,000. Institutional investors and hedge funds own 76.42% of the company’s stock.

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.

Earnings History and Estimates for The Hackett Group (NASDAQ:HCKT)

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