The Hackett Group (HCKT) Issues Q4 Earnings Guidance

The Hackett Group (NASDAQ:HCKT) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.25-0.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.28. The company issued revenue guidance of $66.5-68.5 million, compared to the consensus revenue estimate of $72.93 million.The Hackett Group also updated its Q4 2018 guidance to $0.25-0.27 EPS.

Shares of HCKT traded down $1.17 during trading on Thursday, reaching $18.81. The company’s stock had a trading volume of 11,949 shares, compared to its average volume of 151,584. The Hackett Group has a twelve month low of $14.55 and a twelve month high of $22.84. The firm has a market cap of $670.55 million, a price-to-earnings ratio of 24.61, a PEG ratio of 1.70 and a beta of 0.92. 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 Hackett Group (NASDAQ:HCKT) last released its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.06). The Hackett Group had a return on equity of 23.15% and a net margin of 11.48%. The business had revenue of $73.84 million during the quarter, compared to the consensus estimate of $73.70 million. During the same period in the previous year, the company posted $0.26 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts expect that The Hackett Group will post 0.89 earnings per share for the current fiscal year.

The company also recently disclosed a semiannual dividend, which will be paid on Friday, January 4th. Stockholders of record on Friday, December 21st will be issued a $0.17 dividend. This is a positive change from The Hackett Group’s previous semiannual dividend of $0.15. The ex-dividend date of this dividend is Thursday, December 20th. This represents a dividend yield of 1.7%. The Hackett Group’s dividend payout ratio is 44.74%.

Several analysts have recently weighed in on the company. BidaskClub upgraded The Hackett Group from a buy rating to a strong-buy rating in a report on Saturday, August 25th. Barrington Research set a $22.00 price objective on The Hackett Group and gave the company a buy rating in a report on Tuesday, October 30th. ValuEngine upgraded The Hackett Group from a hold rating to a buy rating in a report on Thursday, August 9th. SunTrust Banks restated a buy rating and issued a $23.00 price objective on shares of The Hackett Group in a report on Thursday, August 9th. Finally, Zacks Investment Research lowered The Hackett Group from a hold rating to a sell rating in a report on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $21.00.

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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.

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Earnings History and Estimates for The Hackett Group (NASDAQ:HCKT)

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