Somewhat Favorable Press Coverage Somewhat Unlikely to Affect The Hackett Group (HCKT) Stock Price
Press coverage about The Hackett Group (NASDAQ:HCKT) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. The Hackett Group earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 47.5469835853975 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- The Hackett Group’s Quantum Leap Redefines Enterprise Benchmarking (finance.yahoo.com)
- ETFs with exposure to The Hackett Group, Inc. : August 24, 2017 (finance.yahoo.com)
- $70.66 Million in Sales Expected for The Hackett Group, Inc. (HCKT) This Quarter (americanbankingnews.com)
- [$$] Finance Chiefs Look to Free Up Working Capital Ahead of Rate Increases (finance.yahoo.com)
- [$$] CFOs Want to Free up Working Capital (finance.yahoo.com)
Several brokerages recently weighed in on HCKT. Zacks Investment Research downgraded The Hackett Group from a “hold” rating to a “strong sell” rating in a research report on Monday, May 15th. BidaskClub downgraded The Hackett Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Roth Capital downgraded The Hackett Group from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research report on Wednesday, May 10th. Craig Hallum downgraded The Hackett Group from a “buy” rating to a “hold” rating and set a $18.00 price objective for the company. in a research report on Wednesday, May 10th. Finally, SunTrust Banks, Inc. began coverage on The Hackett Group in a research report on Thursday, June 15th. They set a “buy” rating and a $19.00 price objective for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The Hackett Group currently has an average rating of “Hold” and an average price target of $20.00.
The Hackett Group (NASDAQ:HCKT) traded up 0.22% during trading on Friday, reaching $13.55. The company’s stock had a trading volume of 41,038 shares. The company has a market cap of $391.17 million, a PE ratio of 18.04 and a beta of 0.78. The Hackett Group has a 52-week low of $13.24 and a 52-week high of $20.69. The stock has a 50-day moving average price of $15.30 and a 200 day moving average price of $16.95.
The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The company had revenue of $73.60 million during the quarter, compared to analysts’ expectations of $74.36 million. The Hackett Group had a return on equity of 27.74% and a net margin of 8.42%. The company’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.24 EPS. On average, analysts expect that The Hackett Group will post $0.97 EPS for the current year.
The Hackett Group declared that its board has approved a stock buyback program on Monday, May 15th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the business services provider to buy up to 1.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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.