Analysts forecast that The Hackett Group, Inc. (NASDAQ:HCKT) will announce $0.28 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for The Hackett Group’s earnings. The Hackett Group reported earnings of $0.27 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 3.7%. The firm is scheduled to announce its next earnings results on Tuesday, November 5th.

On average, analysts expect that The Hackett Group will report full year earnings of $1.04 per share for the current year, with EPS estimates ranging from $1.01 to $1.06. For the next fiscal year, analysts anticipate that the company will report earnings of $1.13 per share, with EPS estimates ranging from $1.08 to $1.16. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover The Hackett Group.

The Hackett Group (NASDAQ:HCKT) last issued its earnings results on Tuesday, August 6th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The company had revenue of $73.50 million for the quarter, compared to analyst estimates of $70.67 million. The Hackett Group had a net margin of 6.80% and a return on equity of 21.63%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS.

Several brokerages have recently issued reports on HCKT. BidaskClub lowered shares of The Hackett Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 8th. Zacks Investment Research raised shares of The Hackett Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $22.00.

Shares of NASDAQ HCKT opened at $16.17 on Friday. The firm has a market capitalization of $484.33 million, a PE ratio of 15.25, a price-to-earnings-growth ratio of 1.30 and a beta of 0.81. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.07. The Hackett Group has a 1 year low of $15.16 and a 1 year high of $22.84. The firm’s 50-day moving average is $16.47 and its 200-day moving average is $16.29.

Large investors have recently made changes to their positions in the stock. Quantamental Technologies LLC acquired a new stake in shares of The Hackett Group in the 2nd quarter valued at approximately $30,000. Meeder Asset Management Inc. raised its position in shares of The Hackett Group by 284.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,974 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 2,200 shares during the period. Bank of Montreal Can raised its position in shares of The Hackett Group by 28.5% in the 2nd quarter. Bank of Montreal Can now owns 6,455 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 1,430 shares during the period. Aperio Group LLC acquired a new stake in shares of The Hackett Group in the 2nd quarter valued at approximately $173,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of The Hackett Group in the 2nd quarter valued at approximately $208,000. Institutional investors and hedge funds own 78.85% of the company’s stock.

About The Hackett Group

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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