Headlines about The Hackett Group (NASDAQ:HCKT) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. The Hackett Group earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 46.6634066520058 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Zacks: Analysts Anticipate The Hackett Group, Inc. (HCKT) to Announce $0.25 Earnings Per Share (americanbankingnews.com)
- The Hackett Group launches supply chain managmement benchmarking enhancement (scmr.com)
- The Hackett Group introduces enterprise benchmarking for logistics (scmr.com)
- $70.66 Million in Sales Expected for The Hackett Group, Inc. (HCKT) This Quarter (americanbankingnews.com)
The Hackett Group (NASDAQ HCKT) traded up 1.22% on Tuesday, reaching $14.12. 102,005 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $14.53 and a 200-day moving average price of $16.70. The Hackett Group has a 1-year low of $13.24 and a 1-year high of $20.69. The company has a market capitalization of $407.63 million, a PE ratio of 18.80 and a beta of 0.88.
The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The Hackett Group had a return on equity of 27.74% and a net margin of 8.42%. The business had revenue of $73.60 million during the quarter, compared to analyst estimates of $74.36 million. During the same period in the previous year, the business posted $0.24 earnings per share. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. On average, equities research analysts anticipate that The Hackett Group will post $0.97 earnings per share for the current year.
The Hackett Group declared that its board has authorized a stock repurchase plan on Monday, May 15th that permits the company to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the business services provider to repurchase up to 1.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
Several brokerages have recently weighed in on HCKT. Zacks Investment Research cut shares of The Hackett Group from a “hold” rating to a “strong sell” rating in a research report on Monday, May 15th. BidaskClub cut shares of The Hackett Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Finally, SunTrust Banks, Inc. began coverage on shares of The Hackett Group in a research report on Thursday, June 15th. They set a “buy” rating and a $19.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $20.00.
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The Hackett Group Company Profile
The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.
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