CRA International, Inc. Expected to Earn Q3 2024 Earnings of $1.62 Per Share (NASDAQ:CRAI)

CRA International, Inc. (NASDAQ:CRAI) – Stock analysts at Barrington Research raised their Q3 2024 EPS estimates for shares of CRA International in a report issued on Tuesday, August 6th. Barrington Research analyst K. Steinke now anticipates that the business services provider will post earnings per share of $1.62 for the quarter, up from their previous estimate of $1.41. Barrington Research has a “Outperform” rating and a $186.00 price objective on the stock. The consensus estimate for CRA International’s current full-year earnings is $6.19 per share. Barrington Research also issued estimates for CRA International’s Q4 2024 earnings at $1.64 EPS, FY2024 earnings at $7.07 EPS and FY2025 earnings at $7.60 EPS.

CRA International (NASDAQ:CRAI) last posted its earnings results on Thursday, August 1st. The business services provider reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.34. CRA International had a net margin of 6.17% and a return on equity of 21.87%. The firm had revenue of $171.44 million during the quarter, compared to the consensus estimate of $167.87 million. During the same period last year, the firm posted $1.42 EPS.

Separately, StockNews.com downgraded shares of CRA International from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd.

CRA International Trading Down 2.1 %

NASDAQ:CRAI opened at $153.75 on Friday. The firm has a 50-day moving average price of $172.57 and a two-hundred day moving average price of $151.26. CRA International has a twelve month low of $81.29 and a twelve month high of $187.10. The company has a market capitalization of $1.06 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 1.54 and a beta of 1.17.

Institutional Investors Weigh In On CRA International

A number of institutional investors have recently bought and sold shares of the stock. Swedbank AB purchased a new stake in CRA International in the first quarter valued at approximately $26,924,000. Bank of New York Mellon Corp grew its holdings in CRA International by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 61,153 shares of the business services provider’s stock valued at $10,532,000 after purchasing an additional 1,705 shares during the period. Foundry Partners LLC grew its holdings in CRA International by 7.5% in the fourth quarter. Foundry Partners LLC now owns 46,555 shares of the business services provider’s stock valued at $4,602,000 after purchasing an additional 3,245 shares during the period. Isthmus Partners LLC lifted its position in CRA International by 55.3% during 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 in the last quarter. Finally, Spinnaker Trust acquired a new position in CRA International during the fourth quarter valued at approximately $1,953,000. 84.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CRA International

In other news, CFO Daniel K. Mahoney sold 1,000 shares of CRA International stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $174.01, for a total transaction of $174,010.00. Following the completion of the sale, the chief financial officer now directly owns 12,624 shares in the company, valued at $2,196,702.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Daniel K. Mahoney sold 1,000 shares of CRA International stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $174.01, for a total transaction of $174,010.00. Following the completion of the sale, the chief financial officer now directly owns 12,624 shares in the company, valued at $2,196,702.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Paul A. Maleh sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $180.86, for a total transaction of $1,356,450.00. Following the completion of the sale, the chief executive officer now owns 166,712 shares of the company’s stock, valued at $30,151,532.32. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

CRA International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.09%. CRA International’s dividend payout ratio (DPR) is presently 27.45%.

CRA International Company Profile

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.