CRA International (NASDAQ:CRAI) Issues Earnings Results, Beats Estimates By $0.34 EPS

CRA International (NASDAQ:CRAI) posted its quarterly earnings results on Thursday. The business services provider reported $1.83 EPS for the quarter, topping the consensus estimate of $1.49 by $0.34, Zacks reports. CRA International had a net margin of 6.17% and a return on equity of 21.87%. The company had revenue of $171.44 million during the quarter, compared to analysts’ expectations of $167.87 million. During the same quarter in the previous year, the business posted $1.42 EPS. CRA International updated its FY 2024 guidance to EPS.

CRA International Trading Up 0.6 %

Shares of NASDAQ CRAI traded up $0.96 during mid-day trading on Friday, reaching $153.28. The company had a trading volume of 115,538 shares, compared to its average volume of 57,563. The firm has a 50 day simple moving average of $174.17 and a two-hundred day simple moving average of $149.56. CRA International has a 52-week low of $81.29 and a 52-week high of $187.10. The stock has a market cap of $1.06 billion, a P/E ratio of 25.05, a PEG ratio of 1.54 and a beta of 1.17.

CRA International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be given a dividend of $0.42 per share. The ex-dividend date is Tuesday, August 27th. This represents a $1.68 annualized dividend and a dividend yield of 1.10%. CRA International’s dividend payout ratio is presently 27.45%.

Analyst Ratings Changes

A number of brokerages recently commented on CRAI. StockNews.com downgraded shares of CRA International from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Barrington Research reaffirmed an “outperform” rating and set a $186.00 price target on shares of CRA International in a report on Tuesday, June 11th.

Insider Activity at CRA International

In other CRA International news, Director Christine Rose Detrick sold 2,500 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $164.06, for a total transaction of $410,150.00. Following the transaction, the director now owns 4,743 shares of the company’s stock, valued at $778,136.58. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other CRA International news, Director Christine Rose Detrick sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $164.06, for a total value of $410,150.00. Following the completion of the sale, the director now owns 4,743 shares in the company, valued at $778,136.58. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Daniel K. Mahoney sold 1,000 shares of the 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 completion of the sale, the chief financial officer now directly owns 12,624 shares of the company’s stock, valued at $2,196,702.24. The disclosure for this sale can be found here. Insiders sold a total of 11,000 shares of company stock valued at $1,940,610 over the last ninety days. Insiders own 5.20% of the company’s stock.

About CRA International

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.