Research Analysts Issue Forecasts for CRA International, Inc.’s Q2 2024 Earnings (NASDAQ:CRAI)

CRA International, Inc. (NASDAQ:CRAI) – Equities research analysts at Zacks Research reduced their Q2 2024 earnings per share estimates for shares of CRA International in a research report issued on Thursday, May 23rd. Zacks Research analyst S. Dey now anticipates that the business services provider will post earnings per share of $1.46 for the quarter, down from their prior estimate of $1.50. The consensus estimate for CRA International’s current full-year earnings is $6.19 per share. Zacks Research also issued estimates for CRA International’s Q3 2024 earnings at $1.34 EPS, Q4 2024 earnings at $1.31 EPS, Q2 2025 earnings at $1.79 EPS and Q3 2025 earnings at $1.52 EPS.

CRAI has been the topic of several other research reports. Barrington Research lifted their price target on shares of CRA International from $151.00 to $186.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. StockNews.com lowered shares of CRA International from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd.

CRA International Trading Up 0.9 %

Shares of NASDAQ CRAI opened at $171.84 on Monday. CRA International has a twelve month low of $81.29 and a twelve month high of $178.52. The firm has a 50-day moving average of $152.66 and a two-hundred day moving average of $123.18. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 1.74 and a beta of 1.22.

CRA International (NASDAQ:CRAI) last announced its earnings results on Thursday, May 2nd. The business services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.57. The business had revenue of $171.79 million during the quarter, compared to analysts’ expectations of $160.67 million. CRA International had a return on equity of 20.80% and a net margin of 6.73%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of CRA International during the 1st quarter valued at about $115,000. Harbor Capital Advisors Inc. grew its position in CRA International by 12.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 4,615 shares of the business services provider’s stock worth $456,000 after acquiring an additional 519 shares in the last quarter. Kennedy Capital Management LLC increased its stake in shares of 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 purchasing an additional 117 shares during the last quarter. Bridge City Capital LLC increased its stake in shares of CRA International by 4.9% during the 1st quarter. Bridge City Capital LLC now owns 4,810 shares of the business services provider’s stock worth $719,000 after purchasing an additional 223 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of CRA International by 2.0% during the 4th quarter. BNP Paribas Financial Markets now owns 10,284 shares of the business services provider’s stock valued at $1,017,000 after purchasing an additional 206 shares in the last quarter. 84.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CRA International

In other CRA International news, CFO Daniel K. Mahoney sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was 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 approximately $2,196,702.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CRA International news, CFO Daniel K. Mahoney sold 1,000 shares of the company’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 value of $174,010.00. Following the transaction, the chief financial officer now owns 12,624 shares in the company, valued at approximately $2,196,702.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Paul A. Maleh sold 7,500 shares of CRA International stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $138.66, for a total transaction of $1,039,950.00. Following the sale, the chief executive officer now directly owns 170,280 shares of the company’s stock, valued at approximately $23,611,024.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,250 shares of company stock valued at $2,071,245. Company insiders own 5.20% of the company’s stock.

CRA International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, May 24th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.98%. CRA International’s dividend payout ratio is 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.