FY2017 EPS Estimates for CRA International,Inc. Boosted by William Blair (NASDAQ:CRAI)
CRA International,Inc. (NASDAQ:CRAI) – William Blair lifted their FY2017 earnings per share estimates for shares of CRA International,Inc. in a research report issued on Thursday. William Blair analyst T. Mchugh now forecasts that the business services provider will earn $1.52 per share for the year, up from their prior estimate of $1.44. William Blair also issued estimates for CRA International,Inc.’s Q4 2017 earnings at $0.32 EPS, FY2018 earnings at $1.67 EPS and FY2019 earnings at $1.88 EPS.
CRA International,Inc. (NASDAQ:CRAI) last announced its earnings results on Thursday, July 27th. The business services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.41 by $0.07. The business had revenue of $93.56 million for the quarter, compared to the consensus estimate of $88.77 million. CRA International,Inc. had a return on equity of 5.88% and a net margin of 3.47%. The company’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the business posted $0.40 EPS.
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CRAI has been the topic of a number of other research reports. BidaskClub upgraded CRA International,Inc. from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research downgraded CRA International,Inc. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 29th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, August 25th. This represents a $0.56 annualized dividend and a dividend yield of 1.42%. CRA International,Inc.’s dividend payout ratio (DPR) is presently 40.29%.
CRA International,Inc. announced that its board has initiated a stock repurchase program on Thursday, May 4th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the business services provider to buy up to 6.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.
Several hedge funds have recently added to or reduced their stakes in CRAI. Nordea Investment Management AB bought a new stake in CRA International,Inc. during the first quarter valued at about $145,000. SG Americas Securities LLC bought a new stake in CRA International,Inc. during the first quarter valued at about $312,000. Teachers Advisors LLC increased its stake in CRA International,Inc. by 18.3% in the fourth quarter. Teachers Advisors LLC now owns 20,470 shares of the business services provider’s stock valued at $749,000 after buying an additional 3,160 shares during the period. Systematic Financial Management LP bought a new stake in CRA International,Inc. during the first quarter valued at about $1,341,000. Finally, Geode Capital Management LLC increased its stake in CRA International,Inc. by 5.2% in the first quarter. Geode Capital Management LLC now owns 70,652 shares of the business services provider’s stock valued at $2,496,000 after buying an additional 3,517 shares during the period. Institutional investors own 85.64% of the company’s stock.
About CRA International,Inc.
CRA International, Inc is a global consulting firm. The Company provides economic, financial and management consulting services. The Company consulting services in two areas: litigation, regulatory, and financial consulting and management consulting. The Company provides services, such as economic capability, analyses and testimony in areas, such as Antitrust & Competition; Damages & Valuation; Financial Accounting & Valuation; Financial Economics; Forensic & Cyber Investigations; Insurance Economics; Intellectual Property; International Arbitration; Labor & Employment; Mergers & Acquisitions; Regulatory Economics & Compliance; Securities & Financial Markets, and Transfer Pricing.
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