Research Analysts Issue Forecasts for CRAI FY2024 Earnings

CRA International, Inc. (NASDAQ:CRAI - Free Report) - Analysts at Barrington Research boosted their FY2024 earnings per share estimates for shares of CRA International in a research note issued on Friday, November 8th. Barrington Research analyst K. Steinke now anticipates that the business services provider will post earnings of $7.28 per share for the year, up from their prior estimate of $7.07. Barrington Research currently has a "Outperform" rating and a $212.00 target price on the stock. The consensus estimate for CRA International's current full-year earnings is $7.08 per share. Barrington Research also issued estimates for CRA International's Q4 2024 earnings at $1.70 EPS and FY2025 earnings at $7.88 EPS.

CRA International (NASDAQ:CRAI - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The business services provider reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.19. CRA International had a return on equity of 24.46% and a net margin of 6.41%. The company had revenue of $167.75 million during the quarter, compared to analysts' expectations of $166.83 million. During the same quarter in the prior year, the firm posted $1.13 earnings per share.

Separately, StockNews.com lowered CRA International from a "buy" rating to a "hold" rating in a research report on Friday, November 1st.

CRA International Price Performance

Shares of CRA International stock traded up $0.99 on Monday, hitting $204.70. 12,874 shares of the company's stock traded hands, compared to its average volume of 37,633. CRA International has a one year low of $89.97 and a one year high of $208.38. The company has a fifty day moving average of $178.62 and a two-hundred day moving average of $171.82. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 1.81 and a beta of 1.13.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of CRA International during the first quarter valued at about $115,000. Marshall Wace LLP bought a new position in shares of CRA International during the second quarter valued at about $221,000. Kennedy Capital Management LLC lifted its position in shares of CRA International by 3.6% during the first quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider's stock valued at $497,000 after purchasing an additional 117 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of CRA International by 2.5% during the second quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider's stock valued at $517,000 after purchasing an additional 74 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in shares of CRA International by 12.1% during the second quarter. Harbor Capital Advisors Inc. now owns 3,009 shares of the business services provider's stock valued at $518,000 after purchasing an additional 324 shares in the last quarter. 84.13% of the stock is owned by institutional investors.

Insider Activity

In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of the firm's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $158.33, for a total value of $1,187,475.00. Following the transaction, the chief executive officer now directly owns 159,212 shares of the company's stock, valued at approximately $25,208,035.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of the firm's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $158.33, for a total value of $1,187,475.00. Following the transaction, the chief executive officer now directly owns 159,212 shares of the company's stock, valued at approximately $25,208,035.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan D. Yellin sold 1,250 shares of the firm's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $158.26, for a total transaction of $197,825.00. Following the completion of the transaction, the executive vice president now directly owns 20,361 shares in the company, valued at $3,222,331.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

CRA International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.49 per share. This is an increase from CRA International's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.96 annualized dividend and a dividend yield of 0.96%. CRA International's payout ratio is currently 27.18%.

About CRA International

CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.