The Hackett Group Inc. Forecasted to Earn Q4 2016 Earnings of $0.20 Per Share (HCKT)
The Hackett Group Inc. (NASDAQ:HCKT) – Research analysts at Roth Capital raised their Q4 2016 earnings per share (EPS) estimates for shares of The Hackett Group in a note issued to investors on Tuesday. Roth Capital analyst J. Martin now anticipates that the brokerage will earn $0.20 per share for the quarter, up from their previous forecast of $0.19.
The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings results on Monday, November 7th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The Hackett Group had a net margin of 6.80% and a return on equity of 23.77%. The company had revenue of $74.12 million for the quarter, compared to analyst estimates of $73.10 million. During the same period last year, the firm earned $0.20 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis.
A number of other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday. Barrington Research assumed coverage on shares of The Hackett Group in a report on Monday, October 17th. They issued an “outperform” rating and a $20.00 price objective for the company.
The Hackett Group (NASDAQ:HCKT) opened at 16.74 on Friday. The company has a market capitalization of $478.04 million, a price-to-earnings ratio of 32.82 and a beta of 1.01. The company’s 50 day moving average is $16.18 and its 200-day moving average is $15.21. The Hackett Group has a 52-week low of $12.44 and a 52-week high of $20.02.
Several hedge funds have recently added to or reduced their stakes in the company. Boston Partners increased its stake in The Hackett Group by 26.8% in the second quarter. Boston Partners now owns 212,180 shares of the company’s stock worth $2,943,000 after buying an additional 44,850 shares in the last quarter. Springbok Capital Management LLC increased its stake in The Hackett Group by 626.7% in the first quarter. Springbok Capital Management LLC now owns 16,577 shares of the company’s stock worth $251,000 after buying an additional 14,296 shares in the last quarter. Prudential Financial Inc. increased its stake in The Hackett Group by 536.2% in the first quarter. Prudential Financial Inc. now owns 96,343 shares of the company’s stock worth $1,457,000 after buying an additional 81,200 shares in the last quarter. Bank of New York Mellon Corp increased its stake in The Hackett Group by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 237,136 shares of the company’s stock worth $3,289,000 after buying an additional 12,451 shares in the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in The Hackett Group during the second quarter worth $3,192,000. 74.53% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, January 5th. Stockholders of record on Thursday, December 22nd will be given a $0.13 dividend. This represents a dividend yield of 1.63%. The ex-dividend date is Tuesday, December 20th. The Hackett Group’s dividend payout ratio is presently 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.