Brokerages expect The Hackett Group, Inc. (NASDAQ:HCKT) to announce $66.10 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for The Hackett Group’s earnings, with the highest sales estimate coming in at $67.41 million and the lowest estimate coming in at $62.70 million. The Hackett Group reported sales of $72.73 million in the same quarter last year, which indicates a negative year over year growth rate of 9.1%. The company is expected to issue its next earnings report on Tuesday, May 14th.

According to Zacks, analysts expect that The Hackett Group will report full year sales of $281.71 million for the current financial year, with estimates ranging from $266.70 million to $290.76 million. For the next year, analysts forecast that the business will report sales of $294.86 million, with estimates ranging from $284.70 million to $301.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow The Hackett Group.

The Hackett Group (NASDAQ:HCKT) last issued its earnings results on Tuesday, February 19th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The Hackett Group had a return on equity of 23.15% and a net margin of 8.28%. The business had revenue of $66.54 million during the quarter, compared to the consensus estimate of $67.43 million.

HCKT has been the subject of a number of recent research reports. ValuEngine downgraded The Hackett Group from a “buy” rating to a “hold” rating in a research note on Wednesday, December 5th. Zacks Investment Research downgraded The Hackett Group from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. William Blair initiated coverage on The Hackett Group in a research note on Friday, January 11th. They issued an “outperform” rating for the company. BidaskClub downgraded The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 24th. Finally, Barrington Research reaffirmed a “buy” rating and issued a $23.00 target price on shares of The Hackett Group in a research note on Friday, February 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $21.33.

Shares of HCKT opened at $15.84 on Friday. The Hackett Group has a 52-week low of $15.24 and a 52-week high of $22.84. The firm has a market capitalization of $478.01 million, a price-to-earnings ratio of 14.94, a P/E/G ratio of 1.17 and a beta of 0.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.65 and a quick ratio of 1.65.

Several large investors have recently modified their holdings of HCKT. Bank of New York Mellon Corp increased its position in shares of The Hackett Group by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 296,053 shares of the business services provider’s stock worth $4,757,000 after purchasing an additional 4,344 shares during the last quarter. First Trust Advisors LP increased its position in shares of The Hackett Group by 58.1% during the 3rd quarter. First Trust Advisors LP now owns 47,940 shares of the business services provider’s stock worth $966,000 after purchasing an additional 17,611 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of The Hackett Group by 15.8% during the 3rd quarter. Wells Fargo & Company MN now owns 544,618 shares of the business services provider’s stock worth $10,975,000 after purchasing an additional 74,488 shares during the last quarter. Rhumbline Advisers increased its position in shares of The Hackett Group by 146.6% during the 3rd quarter. Rhumbline Advisers now owns 178,338 shares of the business services provider’s stock worth $3,594,000 after purchasing an additional 106,032 shares during the last quarter. Finally, Martingale Asset Management L P increased its position in shares of The Hackett Group by 3.9% during the 3rd quarter. Martingale Asset Management L P now owns 108,120 shares of the business services provider’s stock worth $2,179,000 after purchasing an additional 4,084 shares during the last quarter. 79.97% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Net Income

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

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