The Hackett Group (NASDAQ:HCKT) Issues Q2 2024 Earnings Guidance

The Hackett Group (NASDAQ:HCKT) updated its second quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.360-0.390 for the period, compared to the consensus EPS 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. 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. StockNews.com lowered shares of The Hackett Group from a strong-buy rating to a buy rating in a report on Tuesday, February 27th. Finally, Barrington Research reduced their price objective on shares of The Hackett Group from $28.00 to $26.00 and set an outperform rating on the stock in a report on Wednesday.

The Hackett Group Stock Up 1.4 %

Shares of HCKT traded up $0.30 during midday trading on Thursday, reaching $21.86. The stock had a trading volume of 115,659 shares, compared to its average volume of 90,485. The Hackett Group has a 1-year low of $17.18 and a 1-year high of $26.69. The company’s fifty day simple moving average is $23.36 and its two-hundred day simple moving average is $23.03. The company has a market cap of $603.01 million, a price-to-earnings ratio of 17.63, a PEG ratio of 1.15 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.51 and a quick ratio of 1.51.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results 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 Hackett Group had a return on equity of 43.58% and a net margin of 11.52%. The company had revenue of $71.17 million for the quarter, compared to analyst estimates of $69.65 million. Equities research analysts expect that The Hackett Group will post 1.42 earnings per share for the current year.

The Hackett Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.44 annualized dividend and a yield of 2.01%. The Hackett Group’s dividend payout ratio is currently 35.48%.

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.