Sidoti Csr Research Analysts Lift Earnings Estimates for CRA International, Inc. (NASDAQ:CRAI)

CRA International, Inc. (NASDAQ:CRAI) – Research analysts at Sidoti Csr lifted their FY2024 EPS estimates for shares of CRA International in a note issued to investors on Friday, August 2nd. Sidoti Csr analyst M. Riddick now anticipates that the business services provider will earn $6.68 per share for the year, up from their previous forecast of $6.22. The consensus estimate for CRA International’s current full-year earnings is $6.19 per share. Sidoti Csr also issued estimates for CRA International’s Q1 2025 earnings at $1.71 EPS, Q2 2025 earnings at $1.83 EPS, Q3 2025 earnings at $1.84 EPS, Q4 2025 earnings at $1.91 EPS and FY2025 earnings at $7.30 EPS.

Several other research firms have also recently commented on CRAI. StockNews.com cut shares of CRA International from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Barrington Research reaffirmed an “outperform” rating and issued a $186.00 target price on shares of CRA International in a research report on Tuesday, June 11th.

CRA International Trading Up 0.3 %

NASDAQ:CRAI opened at $154.73 on Monday. The company has a 50-day moving average price of $173.51 and a 200-day moving average price of $150.55. CRA International has a 12 month low of $81.29 and a 12 month high of $187.10. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 25.28, a P/E/G ratio of 1.54 and a beta of 1.17.

CRA International (NASDAQ:CRAI) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.34. CRA International had a net margin of 6.17% and a return on equity of 21.87%. The business had revenue of $171.44 million during the quarter, compared to analysts’ expectations of $167.87 million. During the same quarter in the prior year, the company posted $1.42 EPS.

CRA International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 27th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $1.68 annualized dividend and a dividend yield of 1.09%. CRA International’s payout ratio is 27.45%.

Insider Buying and Selling

In related news, Director Christine Rose Detrick sold 2,500 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $164.06, for a total value of $410,150.00. Following the completion of the transaction, the director now directly owns 4,743 shares in the company, valued at approximately $778,136.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Christine Rose Detrick sold 2,500 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $164.06, for a total value of $410,150.00. Following the completion of the transaction, the director now directly owns 4,743 shares in the company, valued at approximately $778,136.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel K. Mahoney sold 1,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $174.01, for a total transaction of $174,010.00. Following the completion of the transaction, the chief financial officer now owns 12,624 shares of the company’s stock, valued at $2,196,702.24. The disclosure for this sale can be found here. Insiders sold a total of 11,000 shares of company stock worth $1,940,610 in the last three months. 5.20% of the stock is owned by corporate insiders.

Institutional Trading of CRA International

A number of institutional investors and hedge funds have recently bought and sold shares of CRAI. Swedbank AB bought a new stake in CRA International during the 1st quarter valued at about $26,924,000. Spinnaker Trust bought a new stake in shares of CRA International in the fourth quarter worth approximately $1,953,000. Isthmus Partners LLC grew its stake in shares of CRA International by 55.3% in the first quarter. Isthmus Partners LLC now owns 28,675 shares of the business services provider’s stock worth $4,289,000 after acquiring an additional 10,213 shares during the period. Foundry Partners LLC grew its stake in shares of CRA International by 7.5% in the fourth quarter. Foundry Partners LLC now owns 46,555 shares of the business services provider’s stock worth $4,602,000 after acquiring an additional 3,245 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of CRA International by 21.9% in the first quarter. Russell Investments Group Ltd. now owns 10,630 shares of the business services provider’s stock worth $1,590,000 after acquiring an additional 1,912 shares during the period. 84.13% of the stock is currently owned by institutional investors.

About CRA International

CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.