Roth Capital Equities Analysts Lift Earnings Estimates for The Hackett Group Inc. (HCKT)
The Hackett Group Inc. (NASDAQ:HCKT) – Research analysts at Roth Capital raised their FY2016 earnings per share (EPS) estimates for The Hackett Group in a report issued on Tuesday. Roth Capital analyst J. Martin now forecasts that the brokerage will post earnings of $0.78 per share for the year, up from their prior estimate of $0.77. Roth Capital also issued estimates for The Hackett Group’s FY2017 earnings at $0.86 EPS.
Several other brokerages have also recently weighed in on HCKT. Zacks Investment Research upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday. Barrington Research initiated 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 on the stock.
The Hackett Group (NASDAQ:HCKT) opened at 16.74 on Thursday. The company has a market cap of $478.04 million, a P/E ratio of 32.82 and a beta of 1.01. The Hackett Group has a 1-year low of $12.44 and a 1-year high of $20.02. The stock’s 50 day moving average is $16.18 and its 200 day moving average is $15.21.
The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings results on Monday, November 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The firm earned $74.12 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 earnings per share.
Large investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can purchased a new stake in The Hackett Group during the third quarter worth approximately $106,000. Acrospire Investment Management LLC raised its stake in shares of 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. SG Americas Securities LLC bought a new stake in shares of The Hackett Group during the third quarter worth about $126,000. Walleye Trading LLC raised its stake in shares of 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 raised its stake in shares of 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 company also recently announced a semiannual dividend, which will be paid on Thursday, January 5th. Shareholders of record on Thursday, December 22nd will be paid a dividend of $0.13 per share. This represents a yield of 1.63%. The ex-dividend date is Tuesday, December 20th. The Hackett Group’s payout ratio is 44.07%.
About The Hackett Group
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.
Receive News & Stock Ratings for The Hackett Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hackett Group Inc. and related stocks with our FREE daily email newsletter.