Equities analysts forecast that The Hackett Group, Inc. (NASDAQ:HCKT) will announce sales of $66.25 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for The Hackett Group’s earnings. The highest sales estimate is $67.90 million and the lowest is $62.70 million. The Hackett Group reported sales of $69.40 million during the same quarter last year, which indicates a negative year over year growth rate of 4.5%. The company is scheduled to report its next quarterly earnings results after the market closes on Tuesday, February 19th.
On average, analysts expect that The Hackett Group will report full-year sales of $284.26 million for the current financial year, with estimates ranging from $268.10 million to $290.10 million. For the next fiscal year, analysts anticipate that the business will post sales of $296.02 million, with estimates ranging from $280.40 million to $305.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for The Hackett Group.
A number of brokerages have commented on HCKT. BidaskClub upgraded shares of The Hackett Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 18th. Barrington Research set a $22.00 target price on shares of The Hackett Group and gave the stock a “buy” rating in a research note on Tuesday, October 30th. ValuEngine upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating in a research note on Tuesday, January 15th. William Blair started coverage on shares of The Hackett Group in a research note on Friday, January 11th. They issued an “outperform” rating for the company. Finally, Zacks Investment Research lowered shares of The Hackett Group from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $21.33.
Shares of HCKT stock opened at $19.21 on Tuesday. The firm has a market cap of $557.60 million, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 1.32 and a beta of 0.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.88 and a quick ratio of 1.88. The Hackett Group has a 12 month low of $15.24 and a 12 month high of $22.84.
Several large investors have recently modified their holdings of HCKT. Schwab Charles Investment Management Inc. boosted its holdings in shares of The Hackett Group by 8.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 52,800 shares of the business services provider’s stock worth $849,000 after buying an additional 4,000 shares during the last quarter. BlackRock Inc. lifted its holdings in The Hackett Group by 3.8% during the second quarter. BlackRock Inc. now owns 2,333,618 shares of the business services provider’s stock valued at $37,500,000 after purchasing an additional 85,858 shares during the last quarter. Millennium Management LLC lifted its holdings in The Hackett Group by 89.9% during the second quarter. Millennium Management LLC now owns 257,738 shares of the business services provider’s stock valued at $4,142,000 after purchasing an additional 121,988 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in The Hackett Group by 209.9% during the second quarter. Advisors Asset Management Inc. now owns 41,943 shares of the business services provider’s stock valued at $674,000 after purchasing an additional 28,410 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in The Hackett Group by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 296,053 shares of the business services provider’s stock valued at $4,757,000 after purchasing an additional 4,344 shares during the last quarter. 78.54% of the stock is currently owned by institutional investors.
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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