Barrington Research Weighs in on CRA International, Inc.’s Q2 2024 Earnings (NASDAQ:CRAI)

CRA International, Inc. (NASDAQ:CRAI) – Barrington Research increased their Q2 2024 earnings per share estimates for shares of CRA International in a report issued on Monday, May 20th. Barrington Research analyst K. Steinke now forecasts that the business services provider will post earnings of $1.55 per share for the quarter, up from their previous forecast of $1.53. Barrington Research 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 $6.10 per share. Barrington Research also issued estimates for CRA International’s Q3 2024 earnings at $1.41 EPS, Q4 2024 earnings at $1.42 EPS, FY2024 earnings at $6.33 EPS and FY2025 earnings at $6.76 EPS.

CRA International (NASDAQ:CRAI) last announced its quarterly earnings data on Thursday, February 29th. The business services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.53. The company had revenue of $161.61 million for the quarter, compared to analyst estimates of $149.51 million. CRA International had a return on equity of 20.80% and a net margin of 6.73%.

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

CRA International Trading Down 1.5 %

Shares of CRAI opened at $169.58 on Tuesday. The firm’s 50-day moving average is $151.48 and its two-hundred day moving average is $121.82. CRA International has a twelve month low of $81.29 and a twelve month high of $178.52. The firm has a market capitalization of $1.17 billion, a P/E ratio of 27.71, a PEG ratio of 1.79 and a beta of 1.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in CRA International during the first quarter worth 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 grew its holdings in CRA International by 3.6% during the first quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider’s stock valued at $497,000 after purchasing an additional 117 shares during the last quarter. Bridge City Capital LLC increased its position in CRA International by 4.9% in the 1st quarter. Bridge City Capital LLC now owns 4,810 shares of the business services provider’s stock worth $719,000 after buying an additional 223 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of CRA International by 2.0% during the fourth 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 during the period. Institutional investors own 84.13% of the company’s stock.

Insider Buying and Selling at CRA International

In other CRA International news, Director Thomas Aiken Avery sold 1,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $138.05, for a total transaction of $138,050.00. Following the transaction, the director now owns 15,504 shares of the company’s stock, valued at $2,140,327.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Paul A. Maleh sold 7,500 shares of CRA International stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $138.66, for a total value of $1,039,950.00. Following the completion of the transaction, the chief executive officer now directly owns 170,280 shares in the company, valued at $23,611,024.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Aiken Avery sold 1,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $138.05, for a total transaction of $138,050.00. Following the sale, the director now owns 15,504 shares of the company’s stock, valued at approximately $2,140,327.20. The disclosure for this sale can be found here. In the last three months, insiders sold 13,250 shares of company stock worth $1,897,235. Insiders own 5.20% of the company’s stock.

CRA International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Tuesday, May 28th will be given 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 yield of 0.99%. CRA International’s dividend payout ratio (DPR) is currently 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.