The Hackett Group Inc. to Post FY2016 Earnings of $0.78 Per Share, Craig Hallum Forecasts (HCKT)
The Hackett Group Inc. (NASDAQ:HCKT) – Stock analysts at Craig Hallum issued their FY2016 earnings estimates for The Hackett Group in a report issued on Tuesday. Craig Hallum analyst G. Sutton anticipates that the firm will post earnings per share of $0.78 for the year. Craig Hallum also issued estimates for The Hackett Group’s Q4 2016 earnings at $0.21 EPS, Q1 2017 earnings at $0.18 EPS, Q2 2017 earnings at $0.23 EPS, Q3 2017 earnings at $0.22 EPS, Q4 2017 earnings at $0.22 EPS and FY2017 earnings at $0.85 EPS.
The Hackett Group (NASDAQ:HCKT) last announced 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 return on equity of 23.77% and a net margin of 6.80%. The company had revenue of $74.12 million for the quarter, compared to the consensus estimate of $73.10 million. During the same period last year, the business posted $0.20 EPS. The company’s revenue was up 10.3% on a year-over-year basis.
Several other research firms have also recently commented on HCKT. Zacks Investment Research upgraded The Hackett Group from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday. Barrington Research started coverage on The Hackett Group in a research note on Monday, October 17th. They issued an “outperform” rating and a $20.00 price target on the stock.
Shares of The Hackett Group (NASDAQ:HCKT) opened at 16.74 on Thursday. The company has a 50 day moving average price of $16.18 and a 200-day moving average price of $15.21. The Hackett Group has a 1-year low of $12.44 and a 1-year high of $20.02. The stock has a market capitalization of $478.04 million, a P/E ratio of 32.82 and a beta of 1.01.
The company also recently disclosed 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 of this dividend is Tuesday, December 20th. The Hackett Group’s payout ratio is currently 44.07%.
A number of hedge funds have recently made changes to their positions in HCKT. Great West Life Assurance Co. Can purchased a new stake in shares of The Hackett Group during the third quarter valued at about $106,000. Acrospire Investment Management LLC boosted 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 valued at $120,000 after buying an additional 3,600 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of The Hackett Group during the third quarter valued at about $126,000. Walleye Trading LLC boosted 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 valued at $141,000 after buying an additional 6,000 shares during the last quarter. Finally, BlackRock Group LTD boosted 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 valued at $143,000 after buying an additional 3,151 shares during the last quarter. Hedge funds and other institutional investors own 74.53% of the company’s stock.
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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