Wall Street analysts predict that The Hackett Group, Inc. (NASDAQ:HCKT) will report sales of $73.72 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for The Hackett Group’s earnings, with the lowest sales estimate coming in at $73.44 million and the highest estimate coming in at $74.00 million. The Hackett Group posted sales of $71.46 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.2%. The business is expected to announce its next quarterly earnings report on Tuesday, November 6th.
On average, analysts expect that The Hackett Group will report full year sales of $295.24 million for the current fiscal year, with estimates ranging from $293.85 million to $297.50 million. For the next fiscal year, analysts anticipate that the company will post sales of $311.51 million per share, with estimates ranging from $304.09 million to $318.20 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow The Hackett Group.
The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings data on Tuesday, August 7th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The business had revenue of $75.65 million for the quarter, compared to analysts’ expectations of $75.04 million. The Hackett Group had a return on equity of 23.41% and a net margin of 11.62%.
Several equities analysts have recently weighed in on the company. BidaskClub raised The Hackett Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 25th. ValuEngine raised The Hackett Group from a “hold” rating to a “buy” rating in a report on Thursday, August 9th. SunTrust Banks reissued a “buy” rating and set a $23.00 price target on shares of The Hackett Group in a report on Thursday, August 9th. Barrington Research reissued a “buy” rating and set a $22.00 price target on shares of The Hackett Group in a report on Friday, August 17th. Finally, Zacks Investment Research cut The Hackett Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $20.75.
HCKT stock traded up $0.25 during midday trading on Thursday, hitting $19.99. The company’s stock had a trading volume of 68,136 shares, compared to its average volume of 99,136. The stock has a market capitalization of $584.82 million, a PE ratio of 26.24, a price-to-earnings-growth ratio of 1.49 and a beta of 1.00. The Hackett Group has a 12 month low of $14.52 and a 12 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 and other institutional investors have recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of The Hackett Group by 2.2% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 144,912 shares of the business services provider’s stock valued at $2,328,000 after buying an additional 3,148 shares during the period. Sapphire Star Partners LP lifted its holdings in shares of The Hackett Group by 5.6% during the 2nd quarter. Sapphire Star Partners LP now owns 59,475 shares of the business services provider’s stock valued at $956,000 after buying an additional 3,166 shares during the period. Ramsey Quantitative Systems lifted its holdings in shares of The Hackett Group by 21.1% during the 2nd quarter. Ramsey Quantitative Systems now owns 18,219 shares of the business services provider’s stock valued at $293,000 after buying an additional 3,176 shares during the period. Bahl & Gaynor Inc. increased its stake in shares of The Hackett Group by 1.5% in the 1st quarter. Bahl & Gaynor Inc. now owns 213,933 shares of the business services provider’s stock worth $3,436,000 after purchasing an additional 3,234 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. increased its stake in shares of The Hackett Group by 0.9% in the 1st quarter. Thomson Horstmann & Bryant Inc. now owns 429,055 shares of the business services provider’s stock worth $6,890,000 after purchasing an additional 3,774 shares in the last quarter. 78.66% of the stock is currently 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.
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