Brokerages expect CRA International, Inc. (NASDAQ:CRAI) to report $111.43 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for CRA International’s earnings, with the lowest sales estimate coming in at $104.80 million and the highest estimate coming in at $120.05 million. CRA International reported sales of $110.57 million in the same quarter last year, which indicates a positive year over year growth rate of 0.8%. The business is expected to report its next earnings report on Thursday, August 6th.
On average, analysts expect that CRA International will report full-year sales of $467.03 million for the current year, with estimates ranging from $449.00 million to $487.01 million. For the next fiscal year, analysts forecast that the firm will report sales of $487.27 million, with estimates ranging from $456.00 million to $509.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for CRA International.
CRA International (NASDAQ:CRAI) last released its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.20. CRA International had a return on equity of 13.80% and a net margin of 4.78%. The company had revenue of $126.16 million during the quarter, compared to analysts’ expectations of $116.20 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year.
A number of brokerages have recently commented on CRAI. Barrington Research reaffirmed a “buy” rating and issued a $59.00 price objective on shares of CRA International in a research report on Thursday, June 4th. ValuEngine downgraded CRA International from a “hold” rating to a “sell” rating in a research report on Monday, May 4th. Zacks Investment Research downgraded CRA International from a “buy” rating to a “hold” rating and set a $41.00 price objective for the company. in a research report on Monday, June 15th. BidaskClub downgraded CRA International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, TheStreet downgraded CRA International from a “b-” rating to a “c+” rating in a research report on Thursday, April 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $50.00.
Shares of NASDAQ CRAI traded up $1.58 during trading on Friday, reaching $39.50. The company had a trading volume of 16,660 shares, compared to its average volume of 36,803. CRA International has a twelve month low of $21.96 and a twelve month high of $58.19. The stock has a market capitalization of $287.81 million, a PE ratio of 14.16, a price-to-earnings-growth ratio of 1.06 and a beta of 1.46. The stock has a 50-day moving average price of $39.31 and a two-hundred day moving average price of $44.42. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.73.
The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Tuesday, May 26th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Friday, May 22nd. CRA International’s dividend payout ratio (DPR) is presently 30.56%.
A number of hedge funds have recently bought and sold shares of CRAI. Russell Investments Group Ltd. grew its holdings in CRA International by 10.2% during the 1st quarter. Russell Investments Group Ltd. now owns 235,545 shares of the business services provider’s stock worth $7,865,000 after acquiring an additional 21,814 shares during the period. Geode Capital Management LLC grew its holdings in shares of CRA International by 4.5% in the 1st quarter. Geode Capital Management LLC now owns 122,067 shares of the business services provider’s stock valued at $4,078,000 after buying an additional 5,263 shares during the period. Matarin Capital Management LLC acquired a new position in shares of CRA International in the 1st quarter valued at $2,451,000. Fuller & Thaler Asset Management Inc. grew its holdings in shares of CRA International by 1.2% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 56,862 shares of the business services provider’s stock valued at $1,900,000 after buying an additional 652 shares during the period. Finally, Eagle Asset Management Inc. acquired a new position in shares of CRA International in the 1st quarter valued at $1,012,000. 85.05% of the stock is owned by hedge funds and other institutional investors.
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.
See Also: Price-Sales Ratio
Get a free copy of the Zacks research report on CRA International (CRAI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CRA International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CRA International and related companies with MarketBeat.com's FREE daily email newsletter.