The Hackett Group, Inc. (NASDAQ:HCKT) Declares Quarterly Dividend of $0.11

The Hackett Group, Inc. (NASDAQ:HCKT) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Friday, June 21st will be given a dividend of 0.11 per share by the business services provider on Friday, July 5th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, June 21st.

The Hackett Group has increased its dividend payment by an average of 15.6% per year over the last three years. The Hackett Group has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect The Hackett Group to earn $1.62 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 27.2%.

The Hackett Group Stock Performance

Shares of The Hackett Group stock traded up $0.33 during trading on Thursday, hitting $21.89. 71,021 shares of the stock were exchanged, compared to its average volume of 89,951. The Hackett Group has a 1-year low of $17.18 and a 1-year high of $26.69. The stock has a market capitalization of $603.84 million, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 1.15 and a beta of 0.87. The company has a fifty day moving average price of $23.42 and a 200-day moving average price of $23.04. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.36.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings data on Tuesday, February 20th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The Hackett Group had a net margin of 11.52% and a return on equity of 43.58%. The business had revenue of $71.17 million during the quarter, compared to the consensus estimate of $69.65 million. As a group, equities analysts predict that The Hackett Group will post 1.42 EPS for the current fiscal year.

Analyst Ratings Changes

HCKT has been the topic of a number of research reports. StockNews.com lowered shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 27th. Craig Hallum raised The Hackett Group from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Wednesday, February 21st. Finally, Barrington Research cut their target price on The Hackett Group from $28.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday.

About The Hackett Group

The Hackett Group, Inc operates as an intellectual property-based executive advisory, strategic consulting, and digital transformation company in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions.