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

CRA International, Inc. (NASDAQ:CRAI) – Research analysts at Barrington Research raised their Q3 2024 earnings estimates for shares of CRA International in a note issued to investors on Tuesday, August 6th. Barrington Research analyst K. Steinke now expects that the business services provider will post earnings per share of $1.62 for the quarter, up from their prior estimate of $1.41. Barrington Research currently has a “Outperform” rating and a $186.00 price target 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 announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.34. The business had revenue of $171.44 million during the quarter, compared to the consensus estimate of $167.87 million. CRA International had a net margin of 6.17% and a return on equity of 21.87%. During the same quarter last year, the firm earned $1.42 earnings per share.

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

CRA International Price Performance

Shares of NASDAQ CRAI opened at $153.75 on Friday. The company has a market cap of $1.06 billion, a P/E ratio of 25.12, a PEG ratio of 1.54 and a beta of 1.17. CRA International has a 1 year low of $81.29 and a 1 year high of $187.10. The firm has a 50-day simple moving average of $172.57 and a two-hundred day simple moving average of $151.26.

CRA International Announces Dividend

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

Insider Transactions at CRA International

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

Hedge Funds Weigh In On CRA International

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in CRA International during the first quarter valued at approximately $115,000. Arkadios Wealth Advisors increased its holdings 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 valued at $517,000 after buying an additional 74 shares during the period. Harbor Capital Advisors Inc. grew its holdings in 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 purchasing an additional 324 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in 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 last quarter. Finally, Kennedy Capital Management LLC grew its holdings in CRA International by 3.6% in the first quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider’s stock worth $497,000 after purchasing an additional 117 shares during the last quarter. 84.13% of the stock is owned by hedge funds and other institutional investors.

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.