CRA International, Inc. (NASDAQ:CRAI) – Equities researchers at William Blair increased their Q1 2018 EPS estimates for CRA International in a research report issued to clients and investors on Thursday. William Blair analyst T. Mchugh now anticipates that the business services provider will post earnings per share of $0.50 for the quarter, up from their prior estimate of $0.41. William Blair also issued estimates for CRA International’s Q2 2018 earnings at $0.54 EPS, Q3 2018 earnings at $0.55 EPS, Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.57 EPS, Q3 2019 earnings at $0.60 EPS and Q4 2019 earnings at $0.64 EPS.
CRA International (NASDAQ:CRAI) last issued its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.33. The business had revenue of $97.00 million during the quarter, compared to the consensus estimate of $89.60 million. CRA International had a return on equity of 7.77% and a net margin of 2.06%. The business’s revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share.
Several other equities analysts also recently issued reports on the company. Zacks Investment Research upgraded CRA International from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Friday. BidaskClub downgraded CRA International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Finally, ValuEngine downgraded CRA International from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
CRA International (CRAI) opened at $46.84 on Monday. The stock has a market capitalization of $379.83, a P/E ratio of 53.84 and a beta of 0.87. CRA International has a 52-week low of $31.77 and a 52-week high of $49.31.
Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in CRA International during the third quarter worth approximately $128,000. Public Employees Retirement System of Ohio bought a new stake in CRA International during the second quarter worth approximately $156,000. MetLife Investment Advisors LLC bought a new stake in CRA International during the fourth quarter worth approximately $219,000. Sawgrass Asset Management LLC bought a new stake in CRA International during the third quarter worth approximately $385,000. Finally, Ameriprise Financial Inc. bought a new stake in CRA International during the second quarter worth approximately $444,000. 81.06% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Rowland Moriarty sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $46.10, for a total transaction of $461,000.00. Following the completion of the transaction, the director now directly owns 38,471 shares in the company, valued at $1,773,513.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.70% of the company’s stock.
CRA International announced that its Board of Directors has approved a stock buyback program on Thursday, February 15th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Tuesday, February 27th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.68 annualized dividend and a dividend yield of 1.45%. CRA International’s dividend payout ratio is presently 78.16%.
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CRA International Company Profile
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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