Somewhat Positive News Coverage Somewhat Unlikely to Impact The Hackett Group (HCKT) Share Price
News stories about The Hackett Group (NASDAQ:HCKT) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. The Hackett Group earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 47.2124174128144 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- ETFs with exposure to The Hackett Group, Inc. : November 17, 2017 (finance.yahoo.com)
- The Hackett Group, Inc. :HCKT-US: Earnings Analysis: Q3, 2017 By the Numbers : November 16, 2017 (finance.yahoo.com)
- FY2018 EPS Estimates for The Hackett Group, Inc. Decreased by Barrington Research (HCKT) (americanbankingnews.com)
- The Hackett Group, Inc. to Post Q1 2018 Earnings of $0.21 Per Share, SunTrust Banks Forecasts (HCKT) (americanbankingnews.com)
- The Hackett Group, Inc. (HCKT) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
A number of research firms recently issued reports on HCKT. SunTrust Banks, Inc. reiterated a “buy” rating and set a $17.00 price objective on shares of The Hackett Group in a research report on Friday, November 10th. Zacks Investment Research cut shares of The Hackett Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Roth Capital upgraded shares of The Hackett Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $16.00 to $20.00 in a research report on Thursday, November 9th. Finally, BidaskClub cut shares of The Hackett Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.33.
The Hackett Group (NASDAQ HCKT) opened at $15.99 on Friday. The stock has a market cap of $458.21, a P/E ratio of 20.53, a P/E/G ratio of 1.28 and a beta of 0.81. The Hackett Group has a 12-month low of $13.24 and a 12-month high of $20.69. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.22.
The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. The Hackett Group had a net margin of 7.40% and a return on equity of 22.34%. The business had revenue of $71.50 million during the quarter, compared to analysts’ expectations of $70.66 million. During the same period in the prior year, the company earned $0.25 EPS. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. analysts anticipate that The Hackett Group will post 0.8 earnings per share for the current year.
The Hackett Group declared that its Board of Directors has initiated a stock buyback plan on Tuesday, August 8th that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the business services provider to purchase up to 17% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a semiannual dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be given a $0.15 dividend. This represents a yield of 2.02%. The ex-dividend date is Thursday, December 21st. The Hackett Group’s dividend payout ratio (DPR) is currently 40.00%.
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.
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