Brokers Issue Forecasts for CRA International, Inc.’s Q3 2024 Earnings (NASDAQ:CRAI)
CRA International, Inc. (NASDAQ:CRAI – Free Report) – Zacks Research raised their Q3 2024 earnings per share estimates for CRA International in a research note issued on Monday, April 8th. Zacks Research analyst S. Dey now expects that the business services provider will post earnings per share of $1.40 for the quarter, up from their prior estimate of $1.39. The consensus estimate for CRA International’s current full-year earnings is $5.88 per share. Zacks Research also issued estimates for CRA International’s Q1 2025 earnings at $1.61 EPS, Q2 2025 earnings at $1.81 EPS and Q4 2025 earnings at $1.62 EPS.
CRA International (NASDAQ:CRAI – Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The business services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.53. The company had revenue of $161.61 million for the quarter, compared to analysts’ expectations of $149.51 million. CRA International had a return on equity of 19.01% and a net margin of 6.17%.
Separately, StockNews.com upgraded CRA International from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 4th.
Get Our Latest Stock Report on CRAI
CRA International Trading Down 0.3 %
Shares of NASDAQ CRAI opened at $145.42 on Wednesday. The stock has a 50 day simple moving average of $129.92 and a 200-day simple moving average of $109.80. The company has a market cap of $1.01 billion, a PE ratio of 26.93, a P/E/G ratio of 1.57 and a beta of 1.22. CRA International has a 12-month low of $81.29 and a 12-month high of $153.09.
Institutional Investors Weigh In On CRA International
Large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in CRA International by 1.9% during the second quarter. Geode Capital Management LLC now owns 138,370 shares of the business services provider’s stock valued at $14,114,000 after acquiring an additional 2,553 shares during the period. Bank of New York Mellon Corp boosted its holdings in CRA International by 3.5% during the third quarter. Bank of New York Mellon Corp now owns 70,908 shares of the business services provider’s stock valued at $6,293,000 after acquiring an additional 2,381 shares during the period. Ancora Advisors LLC boosted its holdings in CRA International by 30.4% during the first quarter. Ancora Advisors LLC now owns 63,927 shares of the business services provider’s stock valued at $4,772,000 after acquiring an additional 14,889 shares during the period. Neuberger Berman Group LLC boosted its holdings in CRA International by 1,301.5% during the third quarter. Neuberger Berman Group LLC now owns 55,218 shares of the business services provider’s stock valued at $4,900,000 after acquiring an additional 51,278 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in CRA International by 17.7% during the first quarter. Ameriprise Financial Inc. now owns 50,537 shares of the business services provider’s stock valued at $5,465,000 after acquiring an additional 7,594 shares during the period. 84.13% of the stock is currently owned by institutional investors.
Insider Buying and Selling at CRA International
In other CRA International news, Director Thomas Aiken Avery sold 1,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $138.05, for a total transaction of $138,050.00. Following the sale, the director now directly owns 15,504 shares of the company’s stock, valued at approximately $2,140,327.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Jonathan D. Yellin sold 1,250 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $136.62, for a total value of $170,775.00. Following the transaction, the executive vice president now directly owns 21,587 shares of the company’s stock, valued at $2,949,215.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas Aiken Avery sold 1,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $138.05, for a total transaction of $138,050.00. Following the completion of the sale, the director now owns 15,504 shares of the company’s stock, valued at $2,140,327.20. The disclosure for this sale can be found here. Insiders have sold a total of 10,750 shares of company stock valued at $1,487,085 in the last three months. 5.30% of the stock is currently owned by company insiders.
CRA International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 12th were issued a $0.42 dividend. The ex-dividend date was Monday, March 11th. This represents a $1.68 annualized dividend and a dividend yield of 1.16%. CRA International’s dividend payout ratio is currently 31.11%.
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.
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