Sidoti Csr Research Analysts Lift Earnings Estimates for CRA International, Inc. (NASDAQ:CRAI)

CRA International, Inc. (NASDAQ:CRAI) – Analysts at Sidoti Csr raised their FY2024 earnings estimates for CRA International in a research report issued to clients and investors on Friday, August 2nd. Sidoti Csr analyst M. Riddick now expects that the business services provider will post earnings per share of $6.68 for the year, up from their prior forecast of $6.22. The consensus estimate for CRA International’s current full-year earnings is $6.19 per share. Sidoti Csr also issued estimates for CRA International’s Q1 2025 earnings at $1.71 EPS, Q2 2025 earnings at $1.83 EPS, Q3 2025 earnings at $1.84 EPS, Q4 2025 earnings at $1.91 EPS and FY2025 earnings at $7.30 EPS.

CRA International (NASDAQ:CRAI) last issued its earnings results on Thursday, August 1st. The business services provider reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.34. CRA International had a net margin of 6.17% and a return on equity of 21.87%. The firm had revenue of $171.44 million for the quarter, compared to analyst estimates of $167.87 million. During the same quarter last year, the business posted $1.42 earnings per share.

Other analysts have also issued research reports about the stock. Barrington Research restated an “outperform” rating and issued a $186.00 target price on shares of CRA International in a research report on Tuesday, June 11th. StockNews.com lowered shares of CRA International from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd.

CRA International Price Performance

Shares of CRA International stock opened at $154.73 on Monday. CRA International has a fifty-two week low of $81.29 and a fifty-two week high of $187.10. The firm has a market capitalization of $1.07 billion, a P/E ratio of 25.28, a P/E/G ratio of 1.54 and a beta of 1.17. The company’s 50 day moving average price is $173.51 and its two-hundred day moving average price is $150.55.

CRA International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.09%. CRA International’s dividend payout ratio (DPR) is presently 27.45%.

Insider Transactions at CRA International

In other news, Director Christine Rose Detrick sold 2,500 shares of CRA International stock in a transaction on Friday, May 10th. The shares were 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 in the company, valued at $778,136.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Christine Rose Detrick sold 2,500 shares of CRA International stock in a transaction on Friday, May 10th. The shares were 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 in the company, valued at $778,136.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Paul A. Maleh sold 7,500 shares of CRA International stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $180.86, for a total transaction of $1,356,450.00. Following the transaction, the chief executive officer now owns 166,712 shares in the company, valued at approximately $30,151,532.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,000 shares of company stock worth $1,940,610. Company insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On CRA International

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in CRA International in the first quarter valued at $115,000. Arkadios Wealth Advisors lifted its holdings in CRA International by 2.5% in the second quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider’s stock valued at $517,000 after buying an additional 74 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in CRA International by 12.1% in the second quarter. Harbor Capital Advisors Inc. now owns 3,009 shares of the business services provider’s stock valued at $518,000 after buying an additional 324 shares during the period. Farther Finance Advisors LLC lifted its holdings in CRA International by 13.6% in the second quarter. Farther Finance Advisors LLC now owns 3,280 shares of the business services provider’s stock valued at $549,000 after buying an additional 393 shares during the period. Finally, Kennedy Capital Management LLC lifted its holdings in CRA International by 3.6% in the first quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider’s stock valued at $497,000 after buying an additional 117 shares during the period. Institutional investors and hedge funds own 84.13% 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.