Equities research analysts predict that The Hackett Group, Inc. (NASDAQ:HCKT) will report earnings per share (EPS) of $0.04 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for The Hackett Group’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.06. The Hackett Group posted earnings per share of $0.28 during the same quarter last year, which suggests a negative year-over-year growth rate of 85.7%. The business is scheduled to announce its next earnings report on Tuesday, August 4th.

According to Zacks, analysts expect that The Hackett Group will report full year earnings of $0.59 per share for the current fiscal year, with EPS estimates ranging from $0.54 to $0.65. For the next year, analysts expect that the business will report earnings of $1.00 per share, with EPS estimates ranging from $0.96 to $1.04. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover The Hackett Group.

The Hackett Group (NASDAQ:HCKT) last issued its earnings results on Tuesday, May 5th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The Hackett Group had a net margin of 7.77% and a return on equity of 18.83%. The business had revenue of $69.53 million during the quarter, compared to analysts’ expectations of $71.27 million.

A number of equities analysts have commented on HCKT shares. Craig Hallum upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $18.00 to $20.00 in a research report on Wednesday, February 19th. TheStreet cut shares of The Hackett Group from a “b-” rating to a “c+” rating in a research note on Wednesday, March 11th. Barrington Research lowered their price target on shares of The Hackett Group from $20.00 to $18.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. BidaskClub raised shares of The Hackett Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, April 14th. Finally, Zacks Investment Research cut shares of The Hackett Group from a “buy” rating to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The Hackett Group has an average rating of “Hold” and an average price target of $18.33.

HCKT stock opened at $12.74 on Wednesday. The company has a market cap of $423.26 million, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 2.41 and a beta of 0.75. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.06 and a quick ratio of 2.06. The Hackett Group has a 12 month low of $9.50 and a 12 month high of $18.90. The company has a fifty day moving average price of $13.59 and a 200 day moving average price of $15.05.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in The Hackett Group by 1.4% in the 1st quarter. BlackRock Inc. now owns 2,778,935 shares of the business services provider’s stock valued at $35,348,000 after acquiring an additional 37,826 shares during the last quarter. Trigran Investments Inc. grew its stake in The Hackett Group by 27.1% in the 1st quarter. Trigran Investments Inc. now owns 2,274,702 shares of the business services provider’s stock valued at $28,934,000 after acquiring an additional 485,563 shares during the last quarter. Renaissance Technologies LLC grew its stake in The Hackett Group by 11.8% in the 4th quarter. Renaissance Technologies LLC now owns 1,252,444 shares of the business services provider’s stock valued at $20,214,000 after acquiring an additional 132,114 shares during the last quarter. Punch & Associates Investment Management Inc. grew its stake in The Hackett Group by 1.3% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 942,805 shares of the business services provider’s stock valued at $15,217,000 after acquiring an additional 12,164 shares during the last quarter. Finally, Morgan Stanley grew its stake in The Hackett Group by 62.5% in the 1st quarter. Morgan Stanley now owns 654,980 shares of the business services provider’s stock valued at $8,330,000 after acquiring an additional 251,842 shares during the last quarter. 78.47% of the stock is currently owned by institutional investors and hedge funds.

About The Hackett Group

The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and European countries. Its executive advisory programs include best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry, an inquiry service used by clients for access to fact-based advice on proven approaches and methods; best practice research, a research that provides insights into the proven approaches; and peer interaction comprising member-led Webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content.

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