Brokerages expect that The Hackett Group, Inc. (NASDAQ:HCKT) will announce $67.28 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for The Hackett Group’s earnings, with the highest sales estimate coming in at $67.30 million and the lowest estimate coming in at $67.25 million. The Hackett Group reported sales of $57.77 million during the same quarter last year, which indicates a positive year over year growth rate of 16.5%. The firm is scheduled to issue its next earnings report on Monday, November 1st.
According to Zacks, analysts expect that The Hackett Group will report full year sales of $270.49 million for the current financial year, with estimates ranging from $269.68 million to $271.30 million. For the next fiscal year, analysts forecast that the firm will post sales of $285.65 million, with estimates ranging from $281.00 million to $290.30 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow The Hackett Group.
The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, August 10th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.15. The company had revenue of $73.00 million for the quarter, compared to the consensus estimate of $65.49 million. The Hackett Group had a net margin of 8.18% and a return on equity of 17.44%.
Large investors have recently modified their holdings of the business. Banco de Sabadell S.A bought a new stake in shares of The Hackett Group during the first quarter worth $33,000. Citigroup Inc. increased its position in shares of The Hackett Group by 50.0% during the second quarter. Citigroup Inc. now owns 3,056 shares of the business services provider’s stock worth $55,000 after acquiring an additional 1,019 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of The Hackett Group by 61.6% during the second quarter. Lazard Asset Management LLC now owns 3,236 shares of the business services provider’s stock worth $58,000 after acquiring an additional 1,234 shares in the last quarter. Metropolitan Life Insurance Co NY increased its position in shares of The Hackett Group by 54,300.0% during the second quarter. Metropolitan Life Insurance Co NY now owns 3,808 shares of the business services provider’s stock worth $69,000 after acquiring an additional 3,801 shares in the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of The Hackett Group by 150.2% during the second quarter. MetLife Investment Management LLC now owns 9,515 shares of the business services provider’s stock worth $171,000 after acquiring an additional 5,712 shares in the last quarter. 79.59% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:HCKT opened at $20.25 on Thursday. The Hackett Group has a 12 month low of $12.34 and a 12 month high of $20.94. The company’s 50-day moving average price is $19.47 and its two-hundred day moving average price is $18.18. The firm has a market cap of $603.71 million, a PE ratio of 32.14, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73.
The company also recently announced a quarterly dividend, which was paid on Friday, October 8th. Shareholders of record on Friday, September 24th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, September 23rd. The Hackett Group’s payout ratio is presently 95.24%.
The Hackett Group Company Profile
The Hackett Group, Inc engages in the provision of business and technology consulting services. The firm’s services include benchmarking, executive advisory, business transformation, enterprise performance management, training and advisory to global business services. It also produces digital transformation including robotic process automation and enterprise cloud application implementation.
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