Q3 2024 Earnings Estimate for CRA International, Inc. Issued By Zacks Research (NASDAQ:CRAI)

CRA International, Inc. (NASDAQ:CRAI - Free Report) - Analysts at Zacks Research lifted their Q3 2024 earnings per share estimates for shares of CRA International in a note issued to investors on Monday, April 8th. Zacks Research analyst S. Dey now forecasts that the business services provider will post earnings of $1.40 per share for the quarter, up from their previous estimate of $1.39. The consensus estimate for CRA International's current full-year earnings is $5.88 per share. Zacks Research also issued estimates for CRA International's Q1 2025 earnings at $1.61 EPS, Q2 2025 earnings at $1.81 EPS and Q4 2025 earnings at $1.62 EPS.

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

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

CRA International Stock Down 0.3 %

CRAI stock traded down $0.50 during midday trading on Wednesday, reaching $145.42. The company had a trading volume of 38,820 shares, compared to its average volume of 32,631. The stock has a 50 day moving average price of $129.92 and a 200 day moving average price of $109.80. CRA International has a fifty-two week low of $81.29 and a fifty-two week high of $153.09. The firm has a market capitalization of $1.01 billion, a PE ratio of 26.93, a P/E/G ratio of 1.57 and a beta of 1.22.

CRA International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 12th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $1.68 annualized dividend and a dividend yield of 1.16%. CRA International's dividend payout ratio (DPR) is currently 31.11%.

Insider Activity

In other CRA International news, Director Thomas Aiken Avery sold 1,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $138.05, for a total value of $138,050.00. Following the sale, the director now directly owns 15,504 shares in the company, valued at $2,140,327.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Jonathan D. Yellin sold 1,250 shares of the firm's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $136.62, for a total transaction of $170,775.00. Following the completion of the sale, the executive vice president now owns 21,587 shares in the company, valued at approximately $2,949,215.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 of the company's stock, 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 valued at $1,487,085 over the last three months. 5.30% of the stock is owned by insiders.

Institutional Investors Weigh In On CRA International

Several hedge funds and other institutional investors have recently made changes to their positions in CRAI. Isthmus Partners LLC lifted its position in shares of CRA International by 5.7% during the 4th quarter. Isthmus Partners LLC now owns 18,462 shares of the business services provider's stock valued at $1,825,000 after acquiring an additional 989 shares during the period. BNP Paribas Financial Markets grew its position in CRA International by 2.0% during the fourth quarter. BNP Paribas Financial Markets now owns 10,284 shares of the business services provider's stock valued at $1,017,000 after buying an additional 206 shares during the period. Spinnaker Trust bought a new position in CRA International during the fourth quarter worth about $1,953,000. Foundry Partners LLC lifted its holdings 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 buying an additional 3,245 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of CRA International by 12.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 4,615 shares of the business services provider's stock worth $456,000 after buying an additional 519 shares in the last quarter. 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.