CRA International (NASDAQ:CRAI) shares hit a new 52-week high and low during trading on Friday . The company traded as low as $56.14 and last traded at $55.20, with a volume of 8207 shares trading hands. The stock had previously closed at $55.29.
A number of brokerages have recently commented on CRAI. BidaskClub raised CRA International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 4th. ValuEngine raised CRA International from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research raised CRA International from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Friday, February 16th.
The company has a market cap of $463.07, a price-to-earnings ratio of 28.90 and a beta of 0.73.
CRA International (NASDAQ:CRAI) last announced its earnings results on Thursday, February 15th. The business services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.33. CRA International had a return on equity of 7.80% and a net margin of 2.06%. The business had revenue of $97.00 million during the quarter, compared to analysts’ expectations of $89.60 million. During the same quarter last year, the business posted $0.24 earnings per share. The company’s quarterly revenue was up 21.9% on a year-over-year basis. analysts predict that CRA International will post 2.15 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Tuesday, February 27th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.68 annualized dividend and a yield of 1.23%. CRA International’s dividend payout ratio is currently 35.60%.
CRA International declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 15th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
A number of hedge funds have recently made changes to their positions in CRAI. Ariel Investments LLC boosted its stake in CRA International by 6.2% during the fourth quarter. Ariel Investments LLC now owns 162,498 shares of the business services provider’s stock valued at $7,304,000 after buying an additional 9,500 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in CRA International by 22.7% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 41,115 shares of the business services provider’s stock valued at $1,686,000 after buying an additional 7,600 shares in the last quarter. LSV Asset Management boosted its stake in CRA International by 4.1% during the fourth quarter. LSV Asset Management now owns 134,300 shares of the business services provider’s stock valued at $6,036,000 after buying an additional 5,300 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in CRA International by 23.9% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 25,900 shares of the business services provider’s stock valued at $1,164,000 after buying an additional 5,000 shares in the last quarter. Finally, MetLife Investment Advisors LLC bought a new position in CRA International during the fourth quarter valued at about $219,000. 84.02% of the stock is owned by institutional investors and hedge funds.
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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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