CRA International, Inc. (NASDAQ:CRAI) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Zacks has also assigned CRA International an industry rank of 214 out of 265 based on the ratings given to its competitors.
Several analysts have recently weighed in on CRAI shares. Zacks Investment Research lowered CRA International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. ValuEngine lowered CRA International from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub lowered CRA International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th.
CRA International (NASDAQ:CRAI) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. The company had revenue of $91.30 million during the quarter, compared to analyst estimates of $90.36 million. CRA International had a return on equity of 5.98% and a net margin of 3.39%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS. research analysts expect that CRA International will post 1.56 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th were issued a $0.17 dividend. This is a positive change from CRA International’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, November 27th. This represents a $0.68 annualized dividend and a dividend yield of 1.46%. CRA International’s dividend payout ratio is 48.92%.
In other news, CFO Chad M. Holmes sold 1,700 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $43.17, for a total value of $73,389.00. Following the completion of the sale, the chief financial officer now owns 11,055 shares in the company, valued at $477,244.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rowland Moriarty sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $46.10, for a total value of $461,000.00. Following the completion of the sale, the director now owns 38,471 shares of the company’s stock, valued at approximately $1,773,513.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,000 shares of company stock valued at $1,108,417. Insiders own 4.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in CRAI. State Street Corp raised its position in shares of CRA International by 13.0% during the second quarter. State Street Corp now owns 175,918 shares of the business services provider’s stock worth $6,392,000 after purchasing an additional 20,293 shares during the period. Nationwide Fund Advisors raised its position in shares of CRA International by 37.3% during the second quarter. Nationwide Fund Advisors now owns 60,003 shares of the business services provider’s stock worth $2,179,000 after purchasing an additional 16,300 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of CRA International during the second quarter worth $444,000. Foundry Partners LLC raised its position in shares of CRA International by 8.5% during the third quarter. Foundry Partners LLC now owns 141,085 shares of the business services provider’s stock worth $5,792,000 after purchasing an additional 11,070 shares during the period. Finally, Sawgrass Asset Management LLC acquired a new stake in shares of CRA International during the third quarter worth $385,000. 85.17% of the stock is currently owned by institutional investors.
About CRA International
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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