Brokerages Expect CRA International,Inc. (CRAI) to Announce $0.34 Earnings Per Share
Shares of CRA International,Inc. (NASDAQ:CRAI) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Zacks has also assigned CRA International,Inc. an industry rank of 70 out of 265 based on the ratings given to its competitors.
CRAI has been the subject of a number of recent research reports. Zacks Investment Research lowered CRA International,Inc. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. BidaskClub lowered CRA International,Inc. from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, ValuEngine lowered CRA International,Inc. from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
CRA International,Inc. (NASDAQ:CRAI) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The firm had revenue of $91.30 million during the quarter, compared to analyst estimates of $90.36 million. CRA International,Inc. had a return on equity of 5.98% and a net margin of 3.39%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS. equities analysts anticipate that CRA International,Inc. will post 1.56 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th will be issued a $0.17 dividend. The ex-dividend date is Monday, November 27th. This is a positive change from CRA International,Inc.’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a dividend yield of 1.51%. CRA International,Inc.’s dividend payout ratio is currently 48.92%.
In other news, Director Rowland Moriarty sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $46.10, for a total value of $461,000.00. Following the completion of the transaction, the director now directly owns 38,471 shares of the company’s stock, valued at $1,773,513.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Chad M. Holmes sold 1,700 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $43.17, for a total value of $73,389.00. Following the completion of the transaction, the chief financial officer now directly owns 11,055 shares of the company’s stock, valued at $477,244.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,000 shares of company stock valued at $1,108,417. 4.70% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in CRAI. SG Americas Securities LLC bought a new position in shares of CRA International,Inc. in the third quarter valued at approximately $128,000. Public Employees Retirement System of Ohio bought a new position in shares of CRA International,Inc. in the second quarter valued at approximately $156,000. Nordea Investment Management AB grew its holdings in shares of CRA International,Inc. by 31.7% in the second quarter. Nordea Investment Management AB now owns 5,400 shares of the business services provider’s stock valued at $196,000 after acquiring an additional 1,300 shares in the last quarter. Sawgrass Asset Management LLC bought a new position in shares of CRA International,Inc. in the third quarter valued at approximately $385,000. Finally, Ameriprise Financial Inc. bought a new position in shares of CRA International,Inc. in the second quarter valued at approximately $444,000. 85.17% of the stock is owned by institutional investors.
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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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