Equities Analysts Offer Predictions for CRAI FY2024 Earnings

CRA International, Inc. (NASDAQ:CRAI) – Analysts at Zacks Research boosted their FY2024 earnings estimates for shares of CRA International in a report issued on Thursday, November 21st. Zacks Research analyst S. Dey now expects that the business services provider will earn $7.06 per share for the year, up from their previous estimate of $6.80. The consensus estimate for CRA International’s current full-year earnings is $7.15 per share. Zacks Research also issued estimates for CRA International’s Q4 2024 earnings at $1.50 EPS, Q1 2025 earnings at $1.83 EPS, Q2 2025 earnings at $1.84 EPS, Q3 2025 earnings at $1.66 EPS, Q4 2025 earnings at $1.69 EPS, FY2025 earnings at $7.02 EPS, Q1 2026 earnings at $1.92 EPS, Q2 2026 earnings at $1.73 EPS, Q3 2026 earnings at $1.80 EPS and FY2026 earnings at $7.38 EPS.

CRAI has been the topic of a number of other reports. Barrington Research lifted their price objective on shares of CRA International from $194.00 to $212.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. StockNews.com lowered shares of CRA International from a “buy” rating to a “hold” rating in a research note on Friday, November 1st.

CRA International Stock Performance

Shares of NASDAQ:CRAI opened at $194.25 on Monday. CRA International has a one year low of $92.07 and a one year high of $208.38. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 1.70 and a beta of 1.13. The company has a 50-day simple moving average of $185.45 and a 200-day simple moving average of $174.86.

CRA International (NASDAQ:CRAI) last announced its earnings results on Thursday, October 31st. The business services provider reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.19. The business had revenue of $167.75 million for the quarter, compared to analysts’ expectations of $166.83 million. CRA International had a net margin of 6.41% and a return on equity of 24.46%. During the same period in the previous year, the company posted $1.13 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in CRA International in the 1st quarter worth approximately $115,000. Quantbot Technologies LP bought a new position in shares of CRA International in the third quarter worth $164,000. Marshall Wace LLP bought a new position in CRA International during the 2nd quarter valued at $221,000. Arkadios Wealth Advisors grew its stake in shares of CRA International by 2.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider’s stock worth $517,000 after purchasing an additional 74 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of CRA International by 12.1% during the second quarter. Harbor Capital Advisors Inc. now owns 3,009 shares of the business services provider’s stock valued at $518,000 after purchasing an additional 324 shares during the last quarter. Institutional investors and hedge funds own 84.13% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Paul A. Maleh sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $191.55, for a total value of $1,436,625.00. Following the completion of the transaction, the chief executive officer now owns 151,712 shares of the company’s stock, valued at $29,060,433.60. The trade was a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.20% of the stock is currently owned by company insiders.

CRA International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Tuesday, November 26th will be issued a $0.49 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.96 dividend on an annualized basis and a yield of 1.01%. This is an increase from CRA International’s previous quarterly dividend of $0.42. CRA International’s dividend payout ratio (DPR) is 27.18%.

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.