Wall Street brokerages expect that The Hackett Group, Inc. (NASDAQ:HCKT) will report earnings of $0.27 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for The Hackett Group’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.26. The Hackett Group posted earnings per share of $0.26 during the same quarter last year, which would suggest a positive year over year growth rate of 3.8%. The company is expected to issue its next quarterly earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that The Hackett Group will report full-year earnings of $1.07 per share for the current fiscal year, with EPS estimates ranging from $1.05 to $1.09. For the next year, analysts expect that the firm will post earnings of $1.21 per share, with EPS estimates ranging from $1.20 to $1.22. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for The Hackett Group.

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

Several analysts have weighed in on HCKT shares. Barrington Research set a $22.00 target price on shares of The Hackett Group and gave the stock a “buy” rating in a research report on Monday, August 6th. Zacks Investment Research raised shares of The Hackett Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 17th. BidaskClub raised shares of The Hackett Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 25th. SunTrust Banks reissued a “buy” rating and set a $23.00 target price on shares of The Hackett Group in a research report on Thursday, August 9th. Finally, ValuEngine raised shares of The Hackett Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 9th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $20.75.

NASDAQ:HCKT opened at $19.84 on Tuesday. The company has a market cap of $583.34 million, a price-to-earnings ratio of 24.75, a P/E/G ratio of 1.48 and a beta of 1.01. The Hackett Group has a twelve month low of $14.04 and a twelve month high of $20.59. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.11.

Several hedge funds have recently added to or reduced their stakes in HCKT. Trigran Investments Inc. boosted its holdings in shares of The Hackett Group by 24.9% in the 1st quarter. Trigran Investments Inc. now owns 1,447,392 shares of the business services provider’s stock valued at $23,245,000 after acquiring an additional 288,104 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of The Hackett Group by 25.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,051,044 shares of the business services provider’s stock valued at $16,890,000 after acquiring an additional 214,900 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of The Hackett Group by 89.9% in the 2nd quarter. Millennium Management LLC now owns 257,738 shares of the business services provider’s stock valued at $4,142,000 after acquiring an additional 121,988 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of The Hackett Group by 60.6% in the 2nd quarter. Citadel Advisors LLC now owns 245,293 shares of the business services provider’s stock valued at $3,941,000 after acquiring an additional 92,600 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of The Hackett Group by 3.8% in the 2nd quarter. BlackRock Inc. now owns 2,333,618 shares of the business services provider’s stock valued at $37,500,000 after acquiring an additional 85,858 shares during the last quarter. 78.66% of the stock is currently owned by institutional investors and hedge funds.

About The Hackett Group

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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