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

The Hackett Group, Inc. (NASDAQ:HCKT) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Friday, September 20th will be given a dividend of 0.11 per share by the business services provider on Friday, October 4th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Friday, September 20th.

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 25.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect The Hackett Group to earn $1.43 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 30.8%.

The Hackett Group Stock Down 0.6 %

HCKT stock opened at $26.58 on Thursday. The company has a market cap of $733.98 million, a price-to-earnings ratio of 21.10, a P/E/G ratio of 1.40 and a beta of 0.91. The Hackett Group has a twelve month low of $20.23 and a twelve month high of $27.68. The business has a 50 day moving average price of $25.46 and a two-hundred day moving average price of $23.59. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $75.90 million for the quarter, compared to analyst estimates of $74.16 million. The Hackett Group had a net margin of 11.46% and a return on equity of 38.20%. Analysts anticipate that The Hackett Group will post 1.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HCKT shares. Barrington Research reaffirmed an “outperform” rating and set a $28.00 price target on shares of The Hackett Group in a report on Tuesday. Roth Capital cut shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th.

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.