Griffin Securities Comments on The Hackett Group, Inc.’s Q3 2018 Earnings (HCKT)

The Hackett Group, Inc. (NASDAQ:HCKT) – Equities research analysts at Griffin Securities decreased their Q3 2018 earnings per share (EPS) estimates for The Hackett Group in a note issued to investors on Wednesday. Griffin Securities analyst M. Ajzenman now anticipates that the business services provider will post earnings per share of $0.24 for the quarter, down from their previous forecast of $0.25. Griffin Securities also issued estimates for The Hackett Group’s FY2018 earnings at $0.92 EPS.

Other research analysts have also issued research reports about the company. SunTrust Banks reaffirmed a “buy” rating and set a $17.00 price target on shares of The Hackett Group in a research report on Friday, November 10th. Roth Capital raised The Hackett Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $16.00 to $20.00 in a research report on Thursday, November 9th. Zacks Investment Research raised The Hackett Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, BidaskClub lowered The Hackett Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The Hackett Group has a consensus rating of “Hold” and an average target price of $18.33.

The Hackett Group (NASDAQ HCKT) traded down $0.07 during midday trading on Monday, hitting $15.80. The stock had a trading volume of 70,300 shares, compared to its average volume of 64,650. The company has a market cap of $454.49, a price-to-earnings ratio of 21.07, a PEG ratio of 1.17 and a beta of 0.81. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.68 and a current ratio of 1.68. The Hackett Group has a 12 month low of $13.24 and a 12 month high of $20.69.

The Hackett Group (NASDAQ:HCKT) last released its earnings results on Tuesday, November 7th. The business services provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The Hackett Group had a return on equity of 26.10% and a net margin of 8.42%. The company had revenue of $71.50 million during the quarter, compared to analyst estimates of $70.66 million. During the same quarter in the previous year, the company posted $0.25 EPS. The Hackett Group’s revenue for the quarter was down 3.5% on a year-over-year basis.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in The Hackett Group by 10.6% during the 2nd 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 last quarter. Dimensional Fund Advisors LP raised its position in shares of The Hackett Group by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,712,185 shares of the business services provider’s stock worth $26,008,000 after acquiring an additional 4,823 shares in the last quarter. Trigran Investments Inc. raised its position in shares of The Hackett Group by 79.1% in the 3rd quarter. Trigran Investments Inc. now owns 1,148,490 shares of the business services provider’s stock worth $17,446,000 after acquiring an additional 507,153 shares in the last quarter. Hosking Partners LLP raised its position in shares of The Hackett Group by 0.4% in the 3rd quarter. Hosking Partners LLP now owns 1,132,277 shares of the business services provider’s stock worth $17,199,000 after acquiring an additional 4,247 shares in the last quarter. Finally, Wasatch Advisors Inc. raised its position in shares of The Hackett Group by 108.4% in the 4th quarter. Wasatch Advisors Inc. now owns 958,191 shares of the business services provider’s stock worth $15,053,000 after acquiring an additional 498,305 shares in the last quarter. 76.92% of the stock is owned by institutional investors and hedge funds.

The firm also recently declared a semiannual dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 22nd were given a dividend of $0.15 per share. This represents a yield of 2.02%. The ex-dividend date was Thursday, December 21st. The Hackett Group’s payout ratio is 40.00%.

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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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