The Hackett Group (NASDAQ:HCKT – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.360-0.390 for the period, compared to the consensus estimate of 0.420. The company issued revenue guidance of $73.5 million-$75.0 million, compared to the consensus revenue estimate of $78.3 million.
The Hackett Group Stock Up 1.4 %
HCKT traded up $0.30 during trading on Thursday, hitting $21.86. The company had a trading volume of 115,659 shares, compared to its average volume of 90,485. The company has a market capitalization of $603.01 million, a PE ratio of 17.63, a PEG ratio of 1.15 and a beta of 0.87. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.36. The Hackett Group has a one year low of $17.18 and a one year high of $26.69. The firm’s 50-day moving average price is $23.36 and its 200 day moving average price is $23.03.
The Hackett Group (NASDAQ:HCKT – Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The firm had revenue of $71.17 million for the quarter, compared to the consensus estimate of $69.65 million. The Hackett Group had a return on equity of 43.58% and a net margin of 11.52%. As a group, equities analysts expect that The Hackett Group will post 1.42 earnings per share for the current year.
The Hackett Group Dividend Announcement
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on HCKT shares. Craig Hallum raised shares of The Hackett Group from a hold rating to a buy rating and set a $28.00 price target on the stock in a research report on Wednesday, February 21st. StockNews.com downgraded The Hackett Group from a strong-buy rating to a buy rating in a research report on Tuesday, February 27th. Finally, Barrington Research decreased their price target on The Hackett Group from $28.00 to $26.00 and set an outperform rating for the company in a research note on Wednesday.
Get Our Latest Stock Report on HCKT
The Hackett Group Company Profile
The Hackett Group, Inc operates as an intellectual property-based executive advisory, strategic consulting, and digital transformation company in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions.
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