CRA International, Inc. (NASDAQ:CRAI) – Investment analysts at William Blair dropped their Q4 2019 earnings per share (EPS) estimates for shares of CRA International in a research report issued to clients and investors on Thursday, May 2nd, according to Zacks Investment Research. William Blair analyst T. Mchugh now expects that the business services provider will earn $0.62 per share for the quarter, down from their prior estimate of $0.64. William Blair also issued estimates for CRA International’s Q2 2020 earnings at $0.75 EPS and Q4 2020 earnings at $0.65 EPS.
CRA International (NASDAQ:CRAI) last announced its earnings results on Thursday, May 2nd. The business services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.07). The business had revenue of $105.85 million for the quarter, compared to analyst estimates of $105.92 million. CRA International had a return on equity of 11.60% and a net margin of 5.25%. The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS.
A number of other equities analysts have also weighed in on CRAI. Zacks Investment Research lowered shares of CRA International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 30th. TheStreet lowered shares of CRA International from a “b” rating to a “c+” rating in a research report on Tuesday. ValuEngine lowered shares of CRA International from a “sell” rating to a “strong sell” rating in a research report on Friday, May 3rd. Finally, BidaskClub lowered shares of CRA International from a “sell” rating to a “strong sell” rating in a research report on Monday, February 4th.
Shares of NASDAQ:CRAI traded down $0.51 during trading on Monday, reaching $36.83. The stock had a trading volume of 41,901 shares, compared to its average volume of 51,450. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $307.97 million, a PE ratio of 13.39 and a beta of 0.89. CRA International has a fifty-two week low of $36.53 and a fifty-two week high of $58.75.
A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its stake in shares of CRA International by 1.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 85,088 shares of the business services provider’s stock valued at $4,274,000 after buying an additional 1,455 shares during the period. Teachers Advisors LLC boosted its position in shares of CRA International by 8.4% during the 3rd quarter. Teachers Advisors LLC now owns 18,029 shares of the business services provider’s stock worth $905,000 after purchasing an additional 1,399 shares during the period. Marshall Wace LLP purchased a new position in shares of CRA International during the 3rd quarter worth approximately $1,874,000. Pembroke Management LTD purchased a new position in shares of CRA International during the 4th quarter worth approximately $5,907,000. Finally, Rhumbline Advisers boosted its position in shares of CRA International by 38.6% during the 4th quarter. Rhumbline Advisers now owns 11,790 shares of the business services provider’s stock worth $502,000 after purchasing an additional 3,285 shares during the period. Hedge funds and other institutional investors own 85.88% of the company’s stock.
In related news, insider Paul A. Maleh sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $48.46, for a total value of $1,211,500.00. Following the completion of the sale, the insider now directly owns 119,870 shares in the company, valued at $5,808,900.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Rowland Moriarty sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $51.17, for a total transaction of $460,530.00. Following the completion of the sale, the director now owns 29,847 shares of the company’s stock, valued at $1,527,270.99. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,000 shares of company stock valued at $2,225,747. 4.70% of the stock is owned by insiders.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Tuesday, May 28th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $0.80 dividend on an annualized basis and a yield of 2.17%. CRA International’s payout ratio is 29.09%.
About CRA International
CRA International, Inc, a consulting company, provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.