Hot Stock under Consideration: The Hackett Group Inc. (NASDAQ: HCKT)

Marie Martinez

I am Marie Martinez and I give “News Tech Markets” an insight into the most recent news hitting the “Technology” sector in Wall Street.

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community.

Address: 4968 Emeral Dreams Drive, Chicago, IL 60601, USA
Phone: (+1) 815-321-9951
Email: mariemartinez@newstechmarkets.com
Marie Martinez

MIAMI, November 30, 2019 – Shares of The Hackett Group Inc. (NASDAQ: HCKT) gained 0.33% to $15.40. The stock traded total volume of 82.096K shares lower than the average volume of 91.03K shares.

The Hackett Group, Inc. (NASDAQ: HCKT) reported Q2 2019 net revenue (gross revenue less reimbursable expenses) from continuing operations of $68.00M, down 1%, as compared to the same period in the prior year. Q2 2019 gross revenue from continuing operations was $73.50M, down 1% from the same period in the prior year.

At the end of the second quarter of 2019, the Company’s cash balances were $16.70M. During the quarter, the Company utilized cash to pay down outstanding debt of $3.00M. In addition, during the second quarter of 2019, the Company repurchased 93.0K shares of the Company’s common stock at an average price per share of $15.60 for a total of $1.50M. At the end of the second quarter of 2019, the Company’s remaining stock repurchase program authorization was $3.90M.

Based on the current economic outlook, the Company estimates total net revenue for the third quarter of 2019 to be in the range of $66.50M and $68.50M or gross revenue (inclusive of reimbursable expenses) to be in the range of $72.00M and $74.00M. The Company estimates pro forma diluted earnings per share for the third quarter of 2019 to be in the range of $0.27 and $0.29.

HCKT has the market capitalization of $462.15M and its EPS growth ratio for the past five years was 25.10%. The return on assets ratio of the Company was 11.10% while its return on investment ratio stands at 21.50%. Price to sales ratio was 1.67 while 78.30% of the stock was owned by institutional investors.

Marie Martinez

Marie Martinez

I am Marie Martinez and I give “News Tech Markets” an insight into the most recent news hitting the “Technology” sector in Wall Street. I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 4968 Emeral Dreams Drive, Chicago, IL 60601, USA Phone: (+1) 815-321-9951 Email: mariemartinez@newstechmarkets.com

Leave a Reply

Your email address will not be published. Required fields are marked *