CRA International, Inc. (NASDAQ:CRAI) Expected to Post Q1 2024 Earnings of $1.37 Per Share

CRA International, Inc. (NASDAQ:CRAI - Free Report) - Stock analysts at Zacks Research upped their Q1 2024 earnings per share estimates for CRA International in a report issued on Monday, April 8th. Zacks Research analyst S. Dey now expects that the business services provider will earn $1.37 per share for the quarter, up from their previous estimate of $1.34. The consensus estimate for CRA International's current full-year earnings is $5.85 per share. Zacks Research also issued estimates for CRA International's Q2 2024 earnings at $1.50 EPS, Q4 2024 earnings at $1.46 EPS, FY2024 earnings at $5.73 EPS, Q3 2025 earnings at $1.49 EPS, FY2025 earnings at $6.52 EPS and Q1 2026 earnings at $1.74 EPS.

Separately, StockNews.com raised CRA International from a "buy" rating to a "strong-buy" rating in a report on Monday, March 4th.

CRA International Price Performance

Shares of CRA International stock traded down $1.82 during trading hours on Tuesday, reaching $145.92. The company had a trading volume of 31,467 shares, compared to its average volume of 32,541. CRA International has a one year low of $81.29 and a one year high of $153.09. The business has a fifty day simple moving average of $129.15 and a 200 day simple moving average of $109.55. The firm has a market cap of $1.02 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 1.57 and a beta of 1.22.

CRA International (NASDAQ:CRAI - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The business services provider reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.53. CRA International had a return on equity of 19.01% and a net margin of 6.17%. The firm had revenue of $161.61 million during the quarter, compared to analyst estimates of $149.51 million.

CRA International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 12th were given a dividend of $0.42 per share. The ex-dividend date was Monday, March 11th. This represents a $1.68 dividend on an annualized basis and a yield of 1.15%. CRA International's payout ratio is 31.11%.

Insider Buying and Selling at CRA International

In other CRA International news, Director Thomas Aiken Avery sold 1,000 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $138.05, for a total transaction of $138,050.00. Following the sale, the director now owns 15,504 shares in the company, valued at $2,140,327.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Jonathan D. Yellin sold 1,250 shares of CRA International stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $136.62, for a total value of $170,775.00. Following the transaction, the executive vice president now owns 21,587 shares in the company, valued at $2,949,215.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas Aiken Avery sold 1,000 shares of CRA International stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $138.05, for a total value of $138,050.00. Following the completion of the transaction, the director now owns 15,504 shares in the company, valued at approximately $2,140,327.20. The disclosure for this sale can be found here. Insiders have sold 10,750 shares of company stock worth $1,487,085 over the last 90 days. Corporate insiders own 5.30% of the company's stock.

Institutional Trading of CRA International

Large investors have recently modified their holdings of the business. Sunbelt Securities Inc. bought a new stake in shares of CRA International in the first quarter worth about $32,000. US Bancorp DE grew its stake in shares of CRA International by 29.4% in the first quarter. US Bancorp DE now owns 563 shares of the business services provider's stock worth $47,000 after purchasing an additional 128 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of CRA International in the first quarter worth about $58,000. Captrust Financial Advisors boosted its position in CRA International by 588.3% during the 2nd quarter. Captrust Financial Advisors now owns 709 shares of the business services provider's stock valued at $63,000 after acquiring an additional 606 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of CRA International in the 3rd quarter worth approximately $229,000. 84.13% of the stock is owned by institutional investors.

CRA International Company Profile

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.