The Hackett Group - HCKT Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Hackett Group in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HCKT shares.
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2 brokerages have issued 12 month price objectives for The Hackett Group's stock. Their HCKT share price forecasts range from $24.00 to $25.00. On average, they expect the company's share price to reach $24.50 in the next twelve months. This suggests a possible upside of 38.2% from the stock's current price.
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The Hackett Group's stock was trading at $20.37 at the beginning of 2023. Since then, HCKT stock has decreased by 13.0% and is now trading at $17.73.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
View our HCKT earnings forecast.

The Hackett Group, Inc. (NASDAQ:HCKT) announced its quarterly earnings data on Tuesday, February, 21st. The business services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The business services provider had revenue of $70.12 million for the quarter, compared to analysts' expectations of $67.05 million. The Hackett Group had a net margin of 13.89% and a trailing twelve-month return on equity of 28.86%. During the same period last year, the firm earned $0.26 earnings per share.

The Hackett Group announced a quarterly dividend on Tuesday, February 21st. Stockholders of record on Friday, March 24th will be given a dividend of $0.11 per share on Friday, April 7th. This represents a $0.44 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, March 23rd.
Read our dividend analysis for HCKT.

ETFs with the largest weight of The Hackett Group (NASDAQ:HCKT) stock in their portfolio include Schwab Ariel ESG ETF (SAEF), Roundhill Acquirers Deep Value ETF (DEEP), First Trust Dow Jones Select Microcap Index Fund (FDM), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Hartford Multifactor Small Cap ETF (ROSC), SPDR S&P Software & Services ETF (XSW), Royce Quant Small-Cap Quality Value ETF (SQLV) and First Trust NASDAQ Technology Dividend Index Fund (TDIV).

The Hackett Group (NASDAQ:HCKT) pays an annual dividend of $0.44 per share and currently has a dividend yield of 2.49%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 34.38%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for HCKT.

The Hackett Group updated its first quarter 2023 earnings guidance on Tuesday, February, 21st. The company provided EPS guidance of $0.35-$0.38 for the period, compared to the consensus EPS estimate of $0.38. The company issued revenue guidance of $69.00 million-$70.50 million, compared to the consensus revenue estimate of $73.72 million.

302 employees have rated The Hackett Group Chief Executive Officer Ted A. Fernandez on Glassdoor.com. Ted A. Fernandez has an approval rating of 86% among the company's employees. 81.0% of employees surveyed would recommend working at The Hackett Group to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other The Hackett Group investors own include Home Depot (HD), Honeywell International (HON), CVS Health (CVS), Verizon Communications (VZ), Raytheon Technologies (RTX), Cisco Systems (CSCO), Walt Disney (DIS), Johnson & Johnson (JNJ), Procter & Gamble (PG) and AT&T (T).

The Hackett Group trades on the NASDAQ under the ticker symbol "HCKT."

The Hackett Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (3.79%), Renaissance Technologies LLC (3.43%), Bank of America Corp DE (2.49%), Ariel Investments LLC (2.03%), Morgan Stanley (1.82%) and Geode Capital Management LLC (1.77%).
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Shares of HCKT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HCKT stock can currently be purchased for approximately $17.73.

The Hackett Group (NASDAQ:HCKT) has a market capitalization of $481.90 million and generates $293.74 million in revenue each year. The business services provider earns $40.80 million in net income (profit) each year or $1.28 on an earnings per share basis.

The company employs 1,175 workers across the globe.

The Hackett Group's mailing address is 1001 BRICKELL BAY DRIVE SUITE 3000, MIAMI FL, 33131. The official website for the company is www.thehackettgroup.com. The business services provider can be reached via phone at (305) 375-8005 or via fax at 305-379-8810.