$1.05 Earnings Per Share Expected for CRA International, Inc. (NASDAQ:CRAI) This Quarter

Wall Street analysts expect CRA International, Inc. (NASDAQ:CRAI) to announce $1.05 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for CRA International’s earnings, with the highest EPS estimate coming in at $1.12 and the lowest estimate coming in at $0.98. CRA International reported earnings per share of $0.95 during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.5%. The company is expected to announce its next quarterly earnings report on Thursday, March 3rd.

According to Zacks, analysts expect that CRA International will report full-year earnings of $5.40 per share for the current fiscal year, with EPS estimates ranging from $5.32 to $5.48. For the next financial year, analysts forecast that the business will post earnings of $5.05 per share, with EPS estimates ranging from $4.78 to $5.26. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow CRA International.

CRA International (NASDAQ:CRAI) last released its earnings results on Thursday, November 4th. The business services provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.37. CRA International had a return on equity of 19.85% and a net margin of 6.99%. During the same quarter in the previous year, the company earned $0.76 earnings per share.

Several analysts recently issued reports on CRAI shares. Barrington Research reiterated an “outperform” rating and set a $105.00 target price (up previously from $101.00) on shares of CRA International in a research report on Friday, August 6th. Zacks Investment Research cut CRA International from a “buy” rating to a “hold” rating and set a $112.00 target price for the company. in a research report on Wednesday, October 6th.

In related news, Director Robert W. Holthausen sold 7,258 shares of the firm’s stock in a transaction that occurred on Friday, November 19th. The stock was sold at an average price of $104.93, for a total transaction of $761,581.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Nancy Hawthorne sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, September 27th. The stock was sold at an average price of $98.60, for a total value of $690,200.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,171 shares of company stock valued at $1,837,330. 5.20% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in CRAI. Fieldpoint Private Securities LLC grew its stake in CRA International by 353.3% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 408 shares of the business services provider’s stock worth $37,000 after buying an additional 318 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in CRA International by 439.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,370 shares of the business services provider’s stock worth $136,000 after buying an additional 1,116 shares during the last quarter. Metropolitan Life Insurance Co NY grew its stake in CRA International by 64,666.7% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 1,943 shares of the business services provider’s stock worth $166,000 after buying an additional 1,940 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in CRA International during the 2nd quarter worth about $216,000. Finally, O Shaughnessy Asset Management LLC lifted its position in CRA International by 69.8% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 2,578 shares of the business services provider’s stock worth $221,000 after acquiring an additional 1,060 shares during the period. Institutional investors and hedge funds own 86.25% of the company’s stock.

Shares of NASDAQ:CRAI traded down $2.09 during trading on Thursday, hitting $102.83. 24,863 shares of the company’s stock were exchanged, compared to its average volume of 40,358. CRA International has a 52-week low of $45.26 and a 52-week high of $116.71. The firm has a 50-day moving average of $100.17. The firm has a market capitalization of $763.72 million, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 10th. Investors of record on Tuesday, November 30th will be paid a dividend of $0.31 per share. The ex-dividend date is Monday, November 29th. This is a positive change from CRA International’s previous quarterly dividend of $0.26. This represents a $1.24 dividend on an annualized basis and a yield of 1.21%. CRA International’s dividend payout ratio is presently 20.16%.

About CRA International

CRA International, Inc is a consulting firm, which engages in provision of economic, financial and management consulting services. It offers consulting services through the litigation, regulatory, financial, and management consulting areas. The company was founded in 1965 and is headquartered in Boston, MA.

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Earnings History and Estimates for CRA International (NASDAQ:CRAI)

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