CRA International, Inc. (NASDAQ:CRAI - Free Report) - Analysts at Zacks Research boosted their FY2024 EPS estimates for shares of CRA International in a research note issued to investors on Thursday, November 21st. Zacks Research analyst S. Dey now expects that the business services provider will post earnings of $7.06 per share for the year, up from their prior forecast of $6.80. The consensus estimate for CRA International's current full-year earnings is $7.15 per share. Zacks Research also issued estimates for CRA International's Q4 2024 earnings at $1.50 EPS, Q1 2025 earnings at $1.83 EPS, Q2 2025 earnings at $1.84 EPS, Q3 2025 earnings at $1.66 EPS, Q4 2025 earnings at $1.69 EPS, FY2025 earnings at $7.02 EPS, Q1 2026 earnings at $1.92 EPS, Q2 2026 earnings at $1.73 EPS, Q3 2026 earnings at $1.80 EPS and FY2026 earnings at $7.38 EPS.
CRA International (NASDAQ:CRAI - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The business services provider reported $1.77 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.19. CRA International had a net margin of 6.41% and a return on equity of 24.46%. The business had revenue of $167.75 million during the quarter, compared to analyst estimates of $166.83 million. During the same quarter in the prior year, the business earned $1.13 earnings per share.
CRAI has been the topic of a number of other research reports. StockNews.com downgraded shares of CRA International from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. Barrington Research lifted their target price on shares of CRA International from $194.00 to $212.00 and gave the company an "outperform" rating in a research report on Friday, November 8th.
Check Out Our Latest Research Report on CRAI
CRA International Stock Performance
Shares of NASDAQ:CRAI traded up $0.41 during trading on Monday, hitting $194.25. 46,841 shares of the stock were exchanged, compared to its average volume of 37,341. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13. CRA International has a 1-year low of $92.07 and a 1-year high of $208.38. The company's fifty day simple moving average is $185.45 and its 200-day simple moving average is $174.86.
CRA International Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Tuesday, November 26th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.01%. This is a boost from CRA International's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, November 26th. CRA International's dividend payout ratio is 27.18%.
Insiders Place Their Bets
In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of the company's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $191.55, for a total transaction of $1,436,625.00. Following the sale, the chief executive officer now directly owns 151,712 shares of the company's stock, valued at approximately $29,060,433.60. This represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.20% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in CRA International in the first quarter worth $115,000. Russell Investments Group Ltd. grew its holdings in CRA International by 21.9% during the 1st quarter. Russell Investments Group Ltd. now owns 10,630 shares of the business services provider's stock worth $1,590,000 after acquiring an additional 1,912 shares during the last quarter. Kennedy Capital Management LLC grew its holdings in CRA International by 3.6% during the 1st quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider's stock worth $497,000 after acquiring an additional 117 shares during the last quarter. Swedbank AB acquired a new stake in CRA International in the 1st quarter valued at about $26,924,000. Finally, Harbor Capital Advisors Inc. raised its stake in shares of CRA International by 12.1% in the second quarter. Harbor Capital Advisors Inc. now owns 3,009 shares of the business services provider's stock worth $518,000 after acquiring an additional 324 shares during the last quarter. 84.13% of the stock is owned by institutional investors and hedge funds.
About CRA International
(
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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.
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