Keep Your Eyes on This Stock Alert: The Hackett Group, Inc. (NASDAQ: HCKT)

On 23 Dec 2019, The Hackett Group, Inc. (NASDAQ: HCKT) changed -0.88% to recent value of $15.7. The stock transacted 99360 shares during most recent day however it has an average volume of 106.54K shares. It spotted trading -19.78% off 52-week high price. On the other end, the stock has been noted 8.02% away from the low price over the last 52-weeks.

The Hackett Group, Inc. (HCKT) recently reported its financial results for the third quarter, which ended on September 27, 2019.

Q3 2019 net revenue (gross revenue less reimbursable expenses) from continuing operations was $66.8M, down 2%, as contrast to the same period in the previous year. Q3 2019 gross revenue from continuing operations was $72.7M, down 1% from the same period in the previous year.

Q3 2019 pro forma diluted earnings per share were $0.27 per share, as contrast to $0.28 per share for the same period in the previous year. Pro forma information is provided to enhance the understanding of the Company’s financial performance and is reconciled to the Company’s GAAP information in the accompanying tables.

Q3 2019 GAAP diluted earnings per share were $0.21 per share, as contrast to $0.16 per share for the same period in the previous year. During the third quarter of 2018, the Company recorded a $0.8M, or $0.02 per diluted share, expense Because of the re measurement of an acquisition-related earnout liability, and a $0.5M, or $0.02 per diluted share, loss from discontinued operations.

“Solid U.S. performance driven by digital transformation and implementation of cloud software initiatives was tempered by weaker than predictable European results,” stated Ted A. Fernandez, Chairman and CEO of The Hackett Group. “We believe that we are taking the necessary actions to mitigate the impact of the volatility in Europe on our 2020 results.”

Based on the current economic outlook, the Company estimates total net revenue for the fourth quarter of 2019 to be in the range of $61.5M and $63.5M or gross revenue (inclusive of reimbursable expenses) to be in the range of $66.5M and $68.5M. The Company estimates pro forma diluted earnings per share for the fourth quarter of 2019 to be in the range of $0.23 and $0.25.

HCKT has a gross margin of 34.90% and an operating margin of 11.30% while its profit margin remained 7.50% for the last 12 months. Its earnings per share (EPS) expected to touch remained 26.40% for this year while earning per share for the next 5-years is expected to reach at 13.50%. The company has 29.84M of outstanding shares and 24.47M shares were floated in the market. According to the most recent quarter its current ratio was 2 that represents company’s ability to meet its current financial obligations. The price moved ahead of 1.64% from the mean of 20 days, -0.98% from mean of 50 days SMA and performed -2.86% from mean of 200 days price. Company’s performance for the week was 0.83%, 2.75% for month and YTD performance remained -1.94%.

 

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