Analysts expect CRA International, Inc. (NASDAQ:CRAI) to announce $0.78 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for CRA International’s earnings. The highest EPS estimate is $0.86 and the lowest is $0.72. CRA International posted earnings of $0.84 per share in the same quarter last year, which suggests a negative year over year growth rate of 7.1%. The firm is expected to issue its next earnings report on Thursday, February 27th.
According to Zacks, analysts expect that CRA International will report full-year earnings of $3.03 per share for the current year, with EPS estimates ranging from $2.98 to $3.10. For the next financial year, analysts expect that the company will report earnings of $3.30 per share, with EPS estimates ranging from $3.21 to $3.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for CRA International.
CRA International (NASDAQ:CRAI) last announced its quarterly earnings data on Thursday, October 31st. The business services provider reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.31. The firm had revenue of $115.69 million during the quarter, compared to the consensus estimate of $110.48 million. CRA International had a return on equity of 13.08% and a net margin of 5.18%. The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share.
Several equities research analysts recently weighed in on CRAI shares. ValuEngine lowered shares of CRA International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. TheStreet raised shares of CRA International from a “c+” rating to a “b-” rating in a research note on Tuesday, August 6th. Barrington Research boosted their target price on shares of CRA International from $53.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. William Blair reaffirmed a “market perform” rating on shares of CRA International in a research note on Friday, November 1st. Finally, BidaskClub raised shares of CRA International from a “hold” rating to a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. CRA International currently has a consensus rating of “Hold” and an average price target of $52.50.
Shares of NASDAQ CRAI traded up $0.24 during mid-day trading on Friday, hitting $52.10. The company had a trading volume of 367 shares, compared to its average volume of 45,311. The company has a market capitalization of $403.77 million, a PE ratio of 18.95, a price-to-earnings-growth ratio of 1.32 and a beta of 1.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.05 and a quick ratio of 1.05. CRA International has a 1-year low of $34.24 and a 1-year high of $54.23. The business’s 50-day simple moving average is $44.10 and its 200 day simple moving average is $41.27.
Several large investors have recently modified their holdings of the company. Russell Investments Group Ltd. raised its holdings in shares of CRA International by 55.3% during the third quarter. Russell Investments Group Ltd. now owns 216,202 shares of the business services provider’s stock valued at $9,077,000 after acquiring an additional 77,013 shares in the last quarter. California Public Employees Retirement System grew its holdings in CRA International by 8.5% during the third quarter. California Public Employees Retirement System now owns 29,748 shares of the business services provider’s stock valued at $1,249,000 after purchasing an additional 2,334 shares during the period. Pembroke Management LTD grew its holdings in CRA International by 16.6% during the third quarter. Pembroke Management LTD now owns 320,159 shares of the business services provider’s stock valued at $13,437,000 after purchasing an additional 45,622 shares during the period. Rhumbline Advisers grew its holdings in CRA International by 6.3% during the third quarter. Rhumbline Advisers now owns 12,472 shares of the business services provider’s stock valued at $523,000 after purchasing an additional 739 shares during the period. Finally, Panagora Asset Management Inc. grew its holdings in CRA International by 2.7% during the second quarter. Panagora Asset Management Inc. now owns 93,920 shares of the business services provider’s stock valued at $3,600,000 after purchasing an additional 2,495 shares during the period. Institutional investors own 87.51% of the company’s stock.
About CRA International
CRA International, Inc, a consulting company, provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.
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