Revenue Update on The Hackett Group(NASDAQ:HCKT)

The Hackett Group(NASDAQ:HCKT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $75.61M. Analysts estimated a revenue of $72.08M. Earnings per share were $0.24. Analysts had estimated an EPS of $0.22.

The Hackett Group (HCKT) made into the market gainers list on Wednesdays trading session with the shares advancing 0.19% or 0.03 points. Due to strong positive momentum, the stock ended at $15.6, which is also near the day’s high of $15.6808. The stock began the session at $15.55 and the volume stood at 78,897 shares. The 52-week high of the shares is $20.02 and the 52 week low is $12.15. The company has a current market capitalization of $446 M and it has 2,85,57,829 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2016, Ted A Fernandez (Chairman and CEO) sold 25,000 shares at $13.98 per share price.Also, On Mar 2, 2016, David N Dungan (Vice Chairman and COO) sold 10,208 shares at $13.97 per share price.On Dec 22, 2015, Roberto A Ramirez, (Chief Financial Officer) sold 4,000 shares at $16.76 per share price, according to the Form-4 filing with the securities and exchange commission.

The Hackett Group Inc. is an advisory firm. The Company offers advisory benchmarking and transformation consulting services including shared services off shoring and outsourcing advice. Through its Archstone Consulting group (Archstone) the Company offers strategy and operations consulting services in the consumer and industrial products pharmaceutical manufacturing and financial services industry sectors. Through its REL group the Company offers working capital solutions focused on delivering cash flow improvements. Through its Enterprise Resource Planning Solutions group (ERP Solutions) the Company offers business application consulting services.

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