CRA International, Inc. (CRAI) Given Consensus Rating of “Hold” by Analysts
CRA International, Inc. (NASDAQ:CRAI) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Zacks has also assigned CRA International an industry rank of 86 out of 255 based on the ratings given to its competitors.
A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of CRA International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 17th. BidaskClub lowered shares of CRA International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 2nd.
Large investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new position in CRA International during the fourth quarter worth $219,000. Seizert Capital Partners LLC bought a new position in CRA International during the first quarter worth $305,000. Sawgrass Asset Management LLC increased its position in CRA International by 203.5% during the second quarter. Sawgrass Asset Management LLC now owns 21,090 shares of the business services provider’s stock worth $1,073,000 after acquiring an additional 14,140 shares during the period. Systematic Financial Management LP bought a new position in CRA International during the first quarter worth $1,130,000. Finally, EAM Global Investors LLC bought a new position in CRA International during the first quarter worth $1,267,000. 87.28% of the stock is currently owned by institutional investors.
CRAI traded up $0.01 during midday trading on Monday, hitting $55.56. 62,200 shares of the company’s stock traded hands, compared to its average volume of 48,973. The firm has a market cap of $448.83 million, a PE ratio of 29.09 and a beta of 0.80. CRA International has a one year low of $34.49 and a one year high of $58.74.
CRA International (NASDAQ:CRAI) last issued its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.13. The firm had revenue of $105.50 million for the quarter, compared to analyst estimates of $99.12 million. CRA International had a net margin of 3.22% and a return on equity of 10.02%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 earnings per share. research analysts expect that CRA International will post 2.32 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Tuesday, August 28th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Monday, August 27th. CRA International’s dividend payout ratio is 35.60%.
CRA International Company Profile
CRA International, Inc, a consulting company, provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally. The company advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through critical business strategy and performance-related issues.
Read More: What is the NASDAQ Stock Market?
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.