The Hackett Group (NASDAQ:HCKT – Get Free Report) 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.
View Our Latest Research Report on HCKT
The Hackett Group Stock Up 1.4 %
The Hackett Group (NASDAQ:HCKT – Get Free Report) 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.
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