The Hackett Group Inc. (HCKT) Forecasted to Post FY2016 Earnings of $0.78 Per Share
The Hackett Group Inc. (NASDAQ:HCKT) – Research analysts at Barrington Research issued their FY2016 earnings per share estimates for The Hackett Group in a research report issued on Tuesday. Barrington Research analyst V. Colicchio anticipates that the firm will earn $0.78 per share for the year. Barrington Research currently has a “Outperform” rating and a $20.00 target price on the stock. Barrington Research also issued estimates for The Hackett Group’s Q4 2016 earnings at $0.20 EPS, Q1 2017 earnings at $0.20 EPS, Q2 2017 earnings at $0.22 EPS, Q3 2017 earnings at $0.22 EPS, Q4 2017 earnings at $0.21 EPS and FY2017 earnings at $0.85 EPS.
The Hackett Group (NASDAQ:HCKT) last released its earnings results on Monday, November 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate 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 business earned $74.12 million during the quarter, compared to analysts’ expectations of $73.10 million. During the same period last year, the business earned $0.20 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis.
Separately, Zacks Investment Research upgraded The Hackett Group from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Tuesday, August 16th.
The Hackett Group (NASDAQ:HCKT) opened at 16.74 on Friday. The firm’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. The company has a market capitalization of $478.04 million, a PE ratio of 32.82 and a beta of 1.01.
The company 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 dividend of $0.13 per share. This represents a dividend yield of 1.63%. The ex-dividend date of this dividend is Tuesday, December 20th. The Hackett Group’s payout ratio is 44.07%.
Several institutional investors have recently modified their holdings of HCKT. Great West Life Assurance Co. Can purchased a new position in shares of The Hackett Group during the third quarter worth $106,000. SG Americas Securities LLC purchased a new position in shares of The Hackett Group during the third quarter worth $126,000. Acrospire Investment Management LLC raised its position 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 last quarter. Walleye Trading LLC raised its position 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 last quarter. Finally, BlackRock Group LTD raised its position 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 last quarter. 74.53% of the stock is currently owned by institutional investors.
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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