Today: The CRA International Inc. to Post FY2016 Earnings of $1.30 Per Share, William Blair Forecasts (CRAI)

The CRA International Inc. to Post FY2016 Earnings of $1.30 Per Share, William Blair Forecasts (CRAI)

CRA International Inc. (NASDAQ:CRAI) – Research analysts at William Blair boosted their FY2016 earnings per share estimates for shares of CRA International in a report issued on Thursday. William Blair analyst T. Mchugh now forecasts that the firm will post earnings per share of $1.30 for the year, up from their previous forecast of $1.23. William Blair also issued estimates for CRA International’s FY2017 earnings at $1.41 EPS and FY2018 earnings at $1.54 EPS.

Separately, Zacks Investment Research raised shares of CRA International from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research report on Monday, August 1st.

Shares of CRA International (NASDAQ:CRAI) opened at 29.79 on Monday. The company has a 50-day moving average of $27.21 and a 200-day moving average of $25.28. CRA International has a 12 month low of $16.25 and a 12 month high of $31.31. The firm has a market cap of $244.25 million, a P/E ratio of 27.71 and a beta of 0.68.

CRA International (NASDAQ:CRAI) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.07. The firm earned $81.70 million during the quarter, compared to the consensus estimate of $80.30 million. CRA International had a net margin of 3.00% and a return on equity of 4.60%. The business’s revenue was up 8.2% on a year-over-year basis.

The business also recently announced a special dividend, which will be paid on Friday, December 16th. Stockholders of record on Sunday, November 20th will be given a $0.14 dividend. The ex-dividend date is Wednesday, November 16th.

Several large investors have recently added to or reduced their stakes in CRAI. Osmium Partners LLC increased its stake in CRA International by 14.1% in the first quarter. Osmium Partners LLC now owns 474,229 shares of the company’s stock valued at $9,314,000 after buying an additional 58,566 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in CRA International during the second quarter valued at $2,958,000. California Public Employees Retirement System increased its stake in CRA International by 4.1% in the second quarter. California Public Employees Retirement System now owns 60,800 shares of the company’s stock valued at $1,533,000 after buying an additional 2,400 shares during the last quarter. Falcon Point Capital LLC bought a new stake in CRA International during the second quarter valued at $905,000. Finally, Nationwide Fund Advisors increased its stake in CRA International by 54.3% in the third quarter. Nationwide Fund Advisors now owns 29,853 shares of the company’s stock valued at $794,000 after buying an additional 10,500 shares during the last quarter. 84.89% of the stock is owned by institutional investors.

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