Griffin Securities Weighs in on The Hackett Group Inc.’s FY2016 Earnings (HCKT)
The Hackett Group Inc. (NASDAQ:HCKT) – Equities research analysts at Griffin Securities lifted their FY2016 EPS estimates for shares of The Hackett Group in a research note issued on Tuesday. Griffin Securities analyst Z. Ajzenman now expects that the brokerage will earn $0.79 per share for the year, up from their previous estimate of $0.73. Griffin Securities also issued estimates for The Hackett Group’s Q4 2016 earnings at $0.20 EPS, Q1 2017 earnings at $0.19 EPS and FY2017 earnings at $0.89 EPS.
The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings results on Monday, November 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $74.12 million for the quarter, compared to analyst estimates of $73.10 million. The Hackett Group had a net margin of 6.80% and a return on equity of 23.77%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.20 earnings per share.
Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of The Hackett Group from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday. Barrington Research began coverage on shares of The Hackett Group in a research note on Monday, October 17th. They set an “outperform” rating and a $20.00 target price for the company.
Shares of The Hackett Group (NASDAQ:HCKT) opened at 16.74 on Friday. The Hackett Group has a 52-week low of $12.44 and a 52-week high of $20.02. The firm has a market capitalization of $478.04 million, a price-to-earnings ratio of 32.82 and a beta of 1.01. The stock has a 50 day moving average of $16.18 and a 200 day moving average of $15.21.
Hedge funds have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can bought a new stake in The Hackett Group during the third quarter worth approximately $106,000. SG Americas Securities LLC bought a new stake in The Hackett Group during the third quarter worth approximately $126,000. Acrospire Investment Management LLC increased its stake in The Hackett Group by 71.0% in the second quarter. Acrospire Investment Management LLC now owns 8,672 shares of the company’s stock worth $120,000 after buying an additional 3,600 shares during the period. Walleye Trading LLC increased its stake in The Hackett Group by 142.9% in the second quarter. Walleye Trading LLC now owns 10,200 shares of the company’s stock worth $141,000 after buying an additional 6,000 shares during the period. Finally, BlackRock Group LTD increased its stake in The Hackett Group by 44.1% in the second quarter. BlackRock Group LTD now owns 10,304 shares of the company’s stock worth $143,000 after buying an additional 3,151 shares during the period. Institutional investors own 74.53% of the company’s stock.
The business also recently declared a semiannual dividend, which will be paid on Thursday, January 5th. Shareholders of record on Thursday, December 22nd will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, December 20th. This represents a dividend yield of 1.63%. The Hackett Group’s dividend payout ratio (DPR) is 44.07%.
The Hackett Group Company Profile
The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.
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