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

The Hackett Group, Inc. (NASDAQ:HCKT) announced 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 dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, September 20th.

The Hackett Group has raised its dividend by an average of 15.6% per year over the last three years. The Hackett Group has a payout ratio of 25.7% meaning 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 Performance

Shares of The Hackett Group stock opened at $26.74 on Wednesday. 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 stock’s fifty day moving average is $25.35 and its two-hundred day moving average is $23.57. The Hackett Group has a 52 week low of $20.23 and a 52 week high of $27.68. The company has a market capitalization of $738.40 million, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.40 and a beta of 0.91.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HCKT shares. Roth Capital lowered shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Barrington Research reissued an “outperform” rating and issued a $28.00 price objective on shares of The Hackett Group in a research note on Tuesday.

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.