The Hackett Group, Inc. (NASDAQ:HCKT) to Issue Quarterly Dividend of $0.11

The Hackett Group, Inc. (NASDAQ:HCKT - Get Free Report) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Friday, June 21st will be given a dividend of 0.11 per share by the business services provider on Friday, July 5th. This represents a $0.44 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, June 21st.

The Hackett Group has increased its dividend payment by an average of 15.6% per year over the last three years. The Hackett Group has a dividend payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect The Hackett Group to earn $1.62 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 27.2%.

The Hackett Group Stock Up 1.4 %

HCKT stock traded up $0.30 during mid-day trading on Thursday, hitting $21.86. 115,659 shares of the company were exchanged, compared to its average volume of 90,485. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.51 and a current ratio of 1.51. The Hackett Group has a 1-year low of $17.18 and a 1-year high of $26.69. The firm's 50 day simple moving average is $23.36 and its 200 day simple moving average is $23.03. The firm has a market cap of $603.01 million, a P/E ratio of 17.63, a P/E/G ratio of 1.15 and a beta of 0.87.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The business services provider reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). The company had revenue of $71.17 million for the quarter, compared to analyst estimates of $69.65 million. The Hackett Group had a return on equity of 43.58% and a net margin of 11.52%. On average, sell-side analysts predict that The Hackett Group will post 1.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on HCKT. Barrington Research dropped their target price on The Hackett Group from $28.00 to $26.00 and set an "outperform" rating on the stock in a research report on Wednesday. Craig Hallum upgraded shares of The Hackett Group from a "hold" rating to a "buy" rating and set a $28.00 price objective on the stock in a report on Wednesday, February 21st. Finally, StockNews.com cut shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 27th.

The Hackett Group Company Profile

The Hackett Group, Inc operates as an intellectual property-based executive advisory, strategic consulting, and digital transformation company in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions.