FY2024 EPS Forecast for CRA International Raised by Analyst

CRA International, Inc. (NASDAQ:CRAI - Free Report) - Stock analysts at William Blair raised their FY2024 earnings per share (EPS) estimates for CRA International in a report released on Thursday, October 31st. William Blair analyst A. Nicholas now expects that the business services provider will earn $7.24 per share for the year, up from their previous estimate of $7.16. The consensus estimate for CRA International's current full-year earnings is $6.93 per share. William Blair also issued estimates for CRA International's Q4 2024 earnings at $1.68 EPS, Q1 2025 earnings at $2.12 EPS, Q2 2025 earnings at $1.94 EPS, Q4 2025 earnings at $2.00 EPS and FY2025 earnings at $7.88 EPS.

CRA International (NASDAQ:CRAI - Get Free Report) last released its 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 24.44% and a net margin of 6.41%. The firm had revenue of $167.75 million for the quarter, compared to analyst estimates of $166.83 million. During the same quarter in the prior year, the firm posted $1.13 earnings per share.

Separately, StockNews.com downgraded CRA International from a "buy" rating to a "hold" rating in a report on Friday.

CRA International Stock Performance

NASDAQ:CRAI traded up $0.88 during mid-day trading on Monday, hitting $187.04. The company had a trading volume of 44,512 shares, compared to its average volume of 37,808. CRA International has a fifty-two week low of $85.00 and a fifty-two week high of $198.02. The business's fifty day moving average is $175.50 and its two-hundred day moving average is $170.08. The firm has a market cap of $1.27 billion, a P/E ratio of 30.27, a P/E/G ratio of 1.64 and a beta of 1.13.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CRAI. Swedbank AB acquired a new stake in shares of CRA International in the first quarter valued at approximately $26,924,000. Isthmus Partners LLC lifted its position in shares of CRA International by 55.3% in the first quarter. Isthmus Partners LLC now owns 28,675 shares of the business services provider's stock valued at $4,289,000 after buying an additional 10,213 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of CRA International in the third quarter valued at approximately $573,000. Prime Capital Investment Advisors LLC lifted its position in shares of CRA International by 34.9% in the second quarter. Prime Capital Investment Advisors LLC now owns 9,870 shares of the business services provider's stock valued at $1,700,000 after buying an additional 2,551 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of CRA International by 21.9% in the first quarter. Russell Investments Group Ltd. now owns 10,630 shares of the business services provider's stock valued at $1,590,000 after buying an additional 1,912 shares during the last quarter. 84.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Daniel K. Mahoney sold 1,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $155.21, for a total transaction of $155,210.00. Following the completion of the transaction, the chief financial officer now directly owns 11,624 shares in the company, valued at approximately $1,804,161.04. 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 can be accessed through this hyperlink. In related news, CFO Daniel K. Mahoney sold 1,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $155.21, for a total transaction of $155,210.00. Following the completion of the transaction, the chief financial officer now directly owns 11,624 shares in the company, valued at approximately $1,804,161.04. 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 can be accessed through this hyperlink. Also, EVP Jonathan D. Yellin sold 1,250 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $158.26, for a total value of $197,825.00. Following the completion of the transaction, the executive vice president now owns 20,361 shares of the company's stock, valued at approximately $3,222,331.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,750 shares of company stock worth $1,695,720 over the last ninety days. 5.20% of the stock is currently owned by corporate insiders.

CRA International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Tuesday, November 26th will be issued a $0.49 dividend. This is an increase from CRA International's previous quarterly dividend of $0.42. This represents a $1.96 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Tuesday, November 26th. CRA International's dividend payout ratio is 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.