The Hackett Group (NASDAQ:HCKT - Get Free Report) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.360-0.390 for the period, compared to the consensus estimate of 0.420. The company issued revenue guidance of $73.5 million-$75.0 million, compared to the consensus revenue estimate of $78.3 million.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on HCKT shares. Craig Hallum raised The Hackett Group from a hold rating to a buy rating and set a $28.00 price objective for the company in a report on Wednesday, February 21st. StockNews.com cut The Hackett Group from a strong-buy rating to a buy rating in a research note on Tuesday, February 27th. Finally, Barrington Research cut their target price on shares of The Hackett Group from $28.00 to $26.00 and set an outperform rating for the company in a research report on Wednesday.
Read Our Latest Report on HCKT
The Hackett Group Price Performance
Shares of NASDAQ HCKT traded down $0.64 during mid-day trading on Wednesday, reaching $21.56. 194,569 shares of the company were exchanged, compared to its average volume of 90,203. The Hackett Group has a 52 week low of $17.18 and a 52 week high of $26.69. The company's 50 day moving average price is $23.42 and its 200 day moving average price is $23.04. The stock has a market capitalization of $594.73 million, a PE ratio of 17.39, a PEG ratio of 1.15 and a beta of 0.87. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.36.
The Hackett Group (NASDAQ:HCKT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The business services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $71.17 million for the quarter, compared to the consensus estimate of $69.65 million. The Hackett Group had a net margin of 11.52% and a return on equity of 43.58%. Sell-side analysts forecast that The Hackett Group will post 1.42 earnings per share for the current fiscal year.
The Hackett Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 22nd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.44 annualized dividend and a yield of 2.04%. The Hackett Group's payout ratio is 35.48%.
The Hackett Group Company Profile
(
Get Free Report)
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.
Read More
Before you consider The Hackett Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Hackett Group wasn't on the list.
While The Hackett Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
