CRA International (NASDAQ:CRAI) Posts Quarterly Earnings Results, Beats Expectations By $0.26 EPS

CRA International (NASDAQ:CRAI) issued its earnings results on Thursday. The business services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.26, reports. CRA International had a net margin of 4.73% and a return on equity of 13.93%. The business had revenue of $123.03 million for the quarter, compared to analyst estimates of $111.42 million. During the same period in the previous year, the business earned $0.73 EPS. The firm’s revenue was up 11.3% on a year-over-year basis.

Shares of NASDAQ CRAI traded down $1.70 during trading on Friday, reaching $41.77. The company had a trading volume of 71,068 shares, compared to its average volume of 32,318. CRA International has a 52 week low of $21.96 and a 52 week high of $58.19. The stock has a market cap of $325.35 million, a PE ratio of 14.66, a PEG ratio of 1.19 and a beta of 1.46. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.00 and a current ratio of 1.00. The business’s 50 day moving average price is $38.79 and its 200-day moving average price is $42.01.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, August 25th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Monday, August 24th. CRA International’s dividend payout ratio is presently 30.56%.

Several brokerages have recently weighed in on CRAI. Barrington Research reiterated a “buy” rating and set a $59.00 target price on shares of CRA International in a research report on Thursday, June 4th. ValuEngine raised shares of CRA International from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 28th. BidaskClub downgraded shares of CRA International from a “buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, Zacks Investment Research downgraded shares of CRA International from a “buy” rating to a “hold” rating and set a $41.00 price target for the company. in a report on Monday, June 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. CRA International currently has a consensus rating of “Hold” and an average price target of $50.00.

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.

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Earnings History for CRA International (NASDAQ:CRAI)

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