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

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 1.66%. The ex-dividend date of this dividend is Friday, September 20th.

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

NASDAQ HCKT opened at $26.58 on Thursday. The firm has a market cap of $733.98 million, a price-to-earnings ratio of 21.10, a PEG ratio of 1.40 and a beta of 0.91. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.26. The Hackett Group has a 1-year low of $20.23 and a 1-year high of $27.68. The company has a 50 day moving average of $25.46 and a 200-day moving average of $23.59.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data 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 the consensus estimate of $74.16 million. The Hackett Group had a return on equity of 38.20% and a net margin of 11.46%. On average, equities analysts forecast that The Hackett Group will post 1.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barrington Research reaffirmed an “outperform” rating and set a $28.00 target price on shares of The Hackett Group in a report on Tuesday. Roth Capital lowered The Hackett Group from a “strong-buy” rating to a “hold” rating in a research report 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.