The Hackett Group Inc. (HCKT) is a leading enterprise benchmarking firm and intellectual property-based strategic consultancy to global companies, providing digital transformation services such as the implementation of leading enterprise cloud applications, workflow automation, and analytics that enable Digital World Class performance.
The company’s shares are up 15.3% over the past year and 4.9% over the past month to close its last trading session at $20.08.
In addition, each of the two Wall Street analysts that rated HCKT rated it Buy. The 12-month median price target of $28.00 indicates a 39.5% potential upside. The price targets range from a low of $26.00 to a high of $30.00.
Here’s what could shape HCKT’s performance in the near term:
During the first quarter ended April 01, 2022, HCKT’s total revenue increased 19.2% year-over-year to $75.66 million. Its operating income grew 51.5% year-over-year to $13.41 million. The company’s net income increased 65.1% from the prior-year quarter to $10.51 million, while its EPS amounted to $0.33.
In addition, its cash and cash equivalents came in at $47.7 million, representing an increase of 42.8% for the three months ended April 01, 2022.
HCKT’s trailing-12-month net income margin of 15.8% is 242.1% higher than the industry average of 4.6%. Also, its ROC, ROE, and ROA are 409.3%, 357.6%, and 651.7% higher than their respective industry averages. Furthermore, its asset turnover ratio of 1.42% is 121.5% higher than the industry average of 0.64%.
In terms of forward Non-GAAP P/E, the stock is currently trading at 13.78x, 22.4% lower than the industry average of 17.74x. Also, its forward EV/Sales of 1.98x is 30.1% lower than the industry average of 2.83x. Moreover, HCKT’s forward Price/Sales of 2.13x is 26.1% lower than the industry average of 2.88x.
POWR Ratings Reflect Solid Prospects
HCKT has an overall A rating, equating to a Strong Buy rating in our proprietary POWR Ratings system. The POWR Ratings are calculated considering 118 different factors, with each factor weighted to an optimal degree.
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