The Hackett Group, Inc. (NASDAQ:HCKT) – Analysts at Griffin Securities lowered their Q3 2018 earnings estimates for shares of The Hackett Group in a report released on Wednesday. Griffin Securities analyst M. Ajzenman now forecasts that the business services provider will post earnings per share of $0.24 for the quarter, down from their prior forecast of $0.25. Griffin Securities also issued estimates for The Hackett Group’s FY2018 earnings at $0.92 EPS.
The Hackett Group (NASDAQ:HCKT) last announced its earnings results on Tuesday, November 7th. The business services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The Hackett Group had a net margin of 8.42% and a return on equity of 26.10%. The business had revenue of $71.50 million during the quarter, compared to the consensus estimate of $70.66 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The business’s quarterly revenue was down 3.5% compared to the same quarter last year.
HCKT has been the subject of several other research reports. Roth Capital upgraded shares of The Hackett Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $16.00 to $20.00 in a research note on Thursday, November 9th. Zacks Investment Research upgraded shares of The Hackett Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. SunTrust Banks restated a “buy” rating and issued a $17.00 price objective on shares of The Hackett Group in a research report on Friday, November 10th. Finally, BidaskClub downgraded shares of The Hackett Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.33.
Shares of The Hackett Group (HCKT) traded down $0.03 on Monday, hitting $15.87. 58,600 shares of the stock traded hands, compared to its average volume of 64,022. The Hackett Group has a twelve month low of $13.24 and a twelve month high of $20.69. The firm has a market capitalization of $455.02, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 1.17 and a beta of 0.81. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.22.
The company also recently disclosed a semiannual dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 22nd were given a $0.15 dividend. The ex-dividend date was Thursday, December 21st. This represents a yield of 2.02%. The Hackett Group’s payout ratio is currently 40.00%.
A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in The Hackett Group by 10.6% in the second quarter. Vanguard Group Inc. now owns 1,789,845 shares of the business services provider’s stock valued at $27,743,000 after purchasing an additional 171,125 shares during the period. Dimensional Fund Advisors LP lifted its position in The Hackett Group by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,712,185 shares of the business services provider’s stock valued at $26,008,000 after purchasing an additional 4,823 shares during the period. Trigran Investments Inc. lifted its position in The Hackett Group by 79.1% in the third quarter. Trigran Investments Inc. now owns 1,148,490 shares of the business services provider’s stock valued at $17,446,000 after purchasing an additional 507,153 shares during the period. Hosking Partners LLP lifted its position in The Hackett Group by 0.4% in the third quarter. Hosking Partners LLP now owns 1,132,277 shares of the business services provider’s stock valued at $17,199,000 after purchasing an additional 4,247 shares during the period. Finally, Neumeier Poma Investment Counsel LLC increased its holdings in The Hackett Group by 2.7% in the third quarter. Neumeier Poma Investment Counsel LLC now owns 706,650 shares of the business services provider’s stock valued at $10,734,000 after buying an additional 18,750 shares in the last quarter. Hedge funds and other institutional investors own 76.92% of the company’s stock.
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The Hackett Group Company Profile
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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