CRA International (NASDAQ:CRAI) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Zacks has also assigned CRA International an industry rank of 58 out of 265 based on the ratings given to related companies.
Several research firms have issued reports on CRAI. Zacks Investment Research downgraded CRA International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 17th. BidaskClub raised CRA International from a “hold” rating to a “buy” rating in a research note on Saturday, February 24th. Finally, ValuEngine raised CRA International from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st.
Shares of CRAI traded up $0.74 during midday trading on Tuesday, hitting $56.71. The stock had a trading volume of 44,000 shares, compared to its average volume of 49,543. CRA International has a twelve month low of $32.75 and a twelve month high of $58.74. The company has a market capitalization of $459.25 million, a price-to-earnings ratio of 29.69 and a beta of 0.76.
CRA International (NASDAQ:CRAI) last released its quarterly earnings results on Thursday, April 26th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.25. CRA International had a return on equity of 9.06% and a net margin of 2.53%. The firm had revenue of $99.50 million for the quarter, compared to the consensus estimate of $95.39 million. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. research analysts expect that CRA International will post 2.34 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Tuesday, May 29th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, May 25th. CRA International’s dividend payout ratio is currently 35.60%.
CRA International announced that its board has initiated a share repurchase plan on Thursday, February 15th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
Several large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its position in shares of CRA International by 39.1% in the first quarter. Russell Investments Group Ltd. now owns 280,930 shares of the business services provider’s stock valued at $14,688,000 after acquiring an additional 78,898 shares during the last quarter. Ariel Investments LLC increased its position in shares of CRA International by 6.2% in the fourth quarter. Ariel Investments LLC now owns 162,498 shares of the business services provider’s stock valued at $7,304,000 after acquiring an additional 9,500 shares during the last quarter. LSV Asset Management increased its position in shares of CRA International by 4.1% in the fourth quarter. LSV Asset Management now owns 134,300 shares of the business services provider’s stock valued at $6,036,000 after acquiring an additional 5,300 shares during the last quarter. Matarin Capital Management LLC acquired a new stake in shares of CRA International in the first quarter valued at about $3,750,000. Finally, TIAA CREF Investment Management LLC increased its position in shares of CRA International by 5.1% in the fourth quarter. TIAA CREF Investment Management LLC now owns 46,963 shares of the business services provider’s stock valued at $2,111,000 after acquiring an additional 2,275 shares during the last quarter. 86.67% of the stock is currently owned by institutional investors and hedge funds.
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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