The Hackett Group, Inc. (NASDAQ:HCKT) Plans Quarterly Dividend of $0.11

The Hackett Group, Inc. (NASDAQ:HCKT) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Friday, June 21st will be paid a dividend of 0.11 per share by the business services provider on Friday, July 5th. This represents a $0.44 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Friday, June 21st.

The Hackett Group has raised its dividend by an average of 15.6% annually over the last three years. The Hackett Group has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect The Hackett Group to earn $1.62 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 27.2%.

The Hackett Group Price Performance

NASDAQ HCKT traded up $0.30 on Thursday, reaching $21.86. The company’s stock had a trading volume of 115,657 shares, compared to its average volume of 90,485. The Hackett Group has a twelve month low of $17.18 and a twelve month high of $26.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $603.01 million, a PE ratio of 17.63, a PEG ratio of 1.15 and a beta of 0.87. The firm’s 50 day moving average is $23.42 and its two-hundred day moving average is $23.04.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $69.65 million. As a group, sell-side analysts predict that The Hackett Group will post 1.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Craig Hallum upgraded The Hackett Group from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Wednesday, February 21st. Barrington Research dropped their price objective on shares of The Hackett Group from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, StockNews.com lowered shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 27th.

About The Hackett Group

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.