The Hackett Group, Inc. (HCKT) Raises Dividend to $0.17 Per Share

The Hackett Group, Inc. (NASDAQ:HCKT) announced a semiannual dividend on Wednesday, November 7th, Wall Street Journal reports. Shareholders of record on Friday, December 21st will be paid a dividend of 0.17 per share by the business services provider on Friday, January 4th. This represents a yield of 1.7%. The ex-dividend date of this dividend is Thursday, December 20th. This is an increase from The Hackett Group’s previous semiannual dividend of $0.15.

The Hackett Group has raised its dividend by an average of 32.6% per year over the last three years and has raised its dividend every year for the last 4 years. The Hackett Group has a payout ratio of 38.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect The Hackett Group to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 34.0%.

NASDAQ:HCKT traded down $2.78 during mid-day trading on Wednesday, reaching $19.98. 843,128 shares of the company were exchanged, compared to its average volume of 106,884. The Hackett Group has a 12 month low of $14.55 and a 12 month high of $22.84. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.11. The firm has a market cap of $657.59 million, a P/E ratio of 26.29, a P/E/G ratio of 1.67 and a beta of 0.92.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). The Hackett Group had a return on equity of 23.41% and a net margin of 11.62%. The company had revenue of $73.84 million for the quarter, compared to the consensus estimate of $73.70 million. During the same period in the prior year, the company earned $0.26 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts predict that The Hackett Group will post 0.89 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the stock. Barrington Research set a $22.00 price objective on shares of The Hackett Group and gave the stock a “buy” rating in a report on Tuesday, October 30th. BidaskClub raised shares of The Hackett Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 18th. Zacks Investment Research lowered shares of The Hackett Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. ValuEngine raised shares of The Hackett Group from a “hold” rating to a “buy” rating in a report on Thursday, August 9th. Finally, SunTrust Banks reissued a “buy” rating and set a $23.00 price objective on shares of The Hackett Group in a report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $20.75.

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The Hackett Group Company Profile

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.

Read More: Retained Earnings

Dividend History for The Hackett Group (NASDAQ:HCKT)

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