The Hackett Group, Inc. (HCKT) to Issue Quarterly Dividend of $0.11 on October 4th

The Hackett Group, Inc. (NASDAQ:HCKT) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Investors of record on Friday, September 20th will be paid 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 yield of 1.65%. The ex-dividend date is Friday, September 20th.

The Hackett Group has increased its dividend by an average of 15.6% annually over the last three years. The Hackett Group has a 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 Up 3.4 %

Shares of HCKT opened at $26.74 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 1.71. The stock has a market capitalization of $738.40 million, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 1.40 and a beta of 0.91. The Hackett Group has a 1 year low of $20.23 and a 1 year high of $27.68. The business’s 50 day simple moving average is $25.35 and its 200-day simple moving average is $23.57.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. The Hackett Group had a net margin of 11.46% and a return on equity of 38.20%. The company had revenue of $75.90 million for the quarter, compared to the consensus estimate of $74.16 million. As a group, equities analysts expect that The Hackett Group will post 1.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Barrington Research reissued an “outperform” rating and set a $28.00 price objective on shares of The Hackett Group in a research note on Tuesday. Roth Capital lowered The Hackett Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th.

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.