Brokers Set Expectations for CRA International, Inc.’s FY2024 Earnings (NASDAQ:CRAI)

CRA International, Inc. (NASDAQ:CRAI) – Analysts at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for CRA International in a research note issued on Thursday, May 23rd. Zacks Research analyst S. Dey now forecasts that the business services provider will post earnings of $6.07 per share for the year, up from their prior forecast of $5.73. The consensus estimate for CRA International’s current full-year earnings is $6.10 per share. Zacks Research also issued estimates for CRA International’s Q1 2025 earnings at $1.66 EPS, Q4 2025 earnings at $1.60 EPS, FY2025 earnings at $6.56 EPS and Q1 2026 earnings at $1.88 EPS.

Several other research firms have also issued reports on CRAI. Barrington Research upped their target price on CRA International from $151.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday. StockNews.com lowered CRA International from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd.

CRA International Price Performance

Shares of CRA International stock opened at $170.25 on Friday. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 1.74 and a beta of 1.22. The stock’s 50-day moving average is $152.06 and its 200-day moving average is $122.16. CRA International has a one year low of $81.29 and a one year high of $178.52.

CRA International (NASDAQ:CRAI) last posted its earnings results on Thursday, May 2nd. The business services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.57. The firm had revenue of $171.79 million for the quarter, compared to analyst estimates of $160.67 million. CRA International had a return on equity of 20.80% and a net margin of 6.73%.

CRA International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, May 24th. CRA International’s dividend payout ratio (DPR) is presently 27.45%.

Insiders Place Their Bets

In other news, Director Thomas Aiken Avery sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $138.05, for a total value of $138,050.00. Following the transaction, the director now owns 15,504 shares of the company’s stock, valued at $2,140,327.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other CRA International news, Director Thomas Aiken Avery sold 1,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $138.05, for a total transaction of $138,050.00. Following the transaction, the director now owns 15,504 shares in the company, valued at approximately $2,140,327.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jonathan D. Yellin sold 1,250 shares of the firm’s stock in a transaction on 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 approximately $2,949,215.94. The disclosure for this sale can be found here. Insiders have sold a total of 14,250 shares of company stock valued at $2,071,245 over the last 90 days. 5.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CRA International

Large investors have recently modified their holdings of the business. Spinnaker Trust acquired a new stake in shares of CRA International in the 4th quarter valued at $1,953,000. Harbor Capital Advisors Inc. boosted its holdings in shares of CRA International by 12.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 4,615 shares of the business services provider’s stock valued at $456,000 after acquiring an additional 519 shares in the last quarter. Foundry Partners LLC boosted its holdings in shares of CRA International by 7.5% during the 4th quarter. Foundry Partners LLC now owns 46,555 shares of the business services provider’s stock valued at $4,602,000 after acquiring an additional 3,245 shares in the last quarter. Kennedy Capital Management LLC boosted its holdings in shares of CRA International by 3.6% during the 1st quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider’s stock valued at $497,000 after acquiring an additional 117 shares in the last quarter. Finally, Swedbank AB acquired a new position in CRA International during the 1st quarter worth about $26,924,000. Institutional investors and hedge funds own 84.13% of the company’s stock.

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.