The Hackett Group, Inc. (NASDAQ:HCKT) Shareholders to Get $0.12 Quarterly Dividend

The Hackett Group, Inc. (NASDAQ:HCKT) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Thursday, December 24th will be paid a dividend of $0.12 per share by the business services provider on Friday, January 8th. This represents a $0.48 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, December 24th.

The Hackett Group has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. The Hackett Group has a payout ratio of 26.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect The Hackett Group to earn $1.32 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 36.4%.

The Hackett Group Trading Up 5.3%

Shares of NASDAQ:HCKT opened at $13.73 on Wednesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.94 and a current ratio of 1.94. The stock’s 50-day moving average is $11.24 and its 200-day moving average is $12.29. The company has a market cap of $341.63 million, a P/E ratio of 21.49, a P/E/G ratio of 1.13 and a beta of 0.89. The Hackett Group has a 52-week low of $9.15 and a 52-week high of $20.68.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $69.79 million during the quarter, compared to analysts’ expectations of $68.67 million. The Hackett Group had a return on equity of 34.77% and a net margin of 5.86%. Equities research analysts predict that The Hackett Group will post 1.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HCKT. Zacks Research raised shares of The Hackett Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Wall Street Zen raised shares of The Hackett Group from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of The Hackett Group in a report on Friday, October 2nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, The Hackett Group has a consensus rating of “Hold” and an average price target of $16.50.

About The Hackett Group

The Hackett Group, Inc is a global business and technology consulting firm that helps organizations improve performance, transform operations and adopt digital technologies. Its services are informed by proprietary research, benchmarking data and best-practice insights across major corporate functions.

The company advises clients on finance, human resources, procurement, information technology, supply chain management and other enterprise operations. Its offerings include benchmarking and performance studies, business transformation programs, enterprise performance management, technology consulting and implementation services.