FY2024 EPS Estimates for CRAI Lifted by Barrington Research

CRA International, Inc. (NASDAQ:CRAI) – Stock analysts at Barrington Research increased their FY2024 earnings per share estimates for shares of CRA International in a research report issued to clients and investors on Friday, November 8th. Barrington Research analyst K. Steinke now forecasts 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 has a “Outperform” rating and a $212.00 price objective 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.

Separately, StockNews.com cut shares of CRA International from a “buy” rating to a “hold” rating in a research note on Friday, November 1st.

CRA International Price Performance

Shares of NASDAQ CRAI opened at $204.28 on Monday. The company has a market capitalization of $1.39 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 1.81 and a beta of 1.13. The business’s 50-day moving average price is $179.34 and its two-hundred day moving average price is $172.22. CRA International has a one year low of $89.97 and a one year high of $208.38.

CRA International (NASDAQ:CRAI) last announced 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 24.46% and a net margin of 6.41%. The business had revenue of $167.75 million during the quarter, compared to analysts’ expectations of $166.83 million. During the same quarter last year, the business posted $1.13 earnings per share.

Institutional Investors Weigh In On CRA International

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in CRA International during the 1st quarter worth approximately $115,000. Marshall Wace LLP acquired a new position in CRA International in the 2nd quarter valued at $221,000. Arkadios Wealth Advisors increased its position in CRA International by 2.5% during the second quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider’s stock worth $517,000 after acquiring an additional 74 shares during the period. Harbor Capital Advisors Inc. boosted 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 valued at $518,000 after buying an additional 324 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of CRA International by 13.6% in the second quarter. Farther Finance Advisors LLC now owns 3,280 shares of the business services provider’s stock worth $549,000 after purchasing an additional 393 shares during the period. 84.13% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CRA International

In other CRA International news, EVP Jonathan D. Yellin sold 1,250 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.26, for a total value of $197,825.00. Following the sale, the executive vice president now directly owns 20,361 shares in the company, valued at $3,222,331.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of the stock in a transaction on Tuesday, August 20th. The stock was 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 in the company, valued at approximately $25,208,035.96. This trade represents a 0.00 % decrease in their position. The sale 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 business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.26, for a total value of $197,825.00. Following the sale, the executive vice president now directly owns 20,361 shares of the company’s stock, valued at $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. 5.20% of the stock is currently owned by insiders.

CRA International Increases Dividend

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

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.