CRA International, Inc. (NASDAQ:CRAI – Get Rating) – Barrington Research boosted their FY2022 earnings per share estimates for shares of CRA International in a note issued to investors on Thursday, May 19th. Barrington Research analyst K. Steinke now anticipates that the business services provider will post earnings of $5.30 per share for the year, up from their prior estimate of $4.76.
Separately, StockNews.com assumed coverage on shares of CRA International in a research note on Thursday, March 31st. They issued a “strong-buy” rating on the stock.
CRA International (NASDAQ:CRAI – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The business services provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.40. CRA International had a net margin of 7.50% and a return on equity of 20.92%. The business had revenue of $148.38 million during the quarter, compared to the consensus estimate of $135.67 million. During the same quarter in the previous year, the firm earned $1.37 EPS.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in CRA International in the 1st quarter valued at about $58,000. Ancora Advisors LLC lifted its holdings in CRA International by 30.4% in the 1st quarter. Ancora Advisors LLC now owns 63,927 shares of the business services provider’s stock valued at $4,772,000 after purchasing an additional 14,889 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in CRA International by 49.8% in the 1st quarter. MetLife Investment Management LLC now owns 4,337 shares of the business services provider’s stock valued at $365,000 after purchasing an additional 1,442 shares in the last quarter. Martingale Asset Management L P lifted its holdings in CRA International by 7.6% in the 1st quarter. Martingale Asset Management L P now owns 8,437 shares of the business services provider’s stock valued at $712,000 after purchasing an additional 595 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in shares of CRA International by 30.8% during the 1st quarter. Eagle Asset Management Inc. now owns 57,027 shares of the business services provider’s stock worth $4,805,000 after acquiring an additional 13,427 shares during the period. 83.23% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Tuesday, May 31st will be paid a $0.31 dividend. The ex-dividend date is Friday, May 27th. This represents a $1.24 dividend on an annualized basis and a yield of 1.52%. CRA International’s payout ratio is 22.02%.
About CRA International (Get Rating)
CRA International, Inc, together with its subsidiaries, 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.
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