CRA International (NASDAQ:CRAI – Get Rating) released its results on Thursday. The business services provider reported EPS of $1.14 for the quarter, beating analyst consensus estimates of $1.05 by $0.09, MarketWatch Earnings reports. CRA International had a return on equity of 19.85% and a net margin of 6.99%. During the same period of the previous year, the company achieved EPS of $0.95. CRA International has updated its guidance for FY2022 at EPS.
Shares of CRA International rose $1.55 during Friday’s trading, hitting $88.76. 215 shares of the company were traded, against an average volume of 30,133. CRA International has a 1-year low of $58.45 and a 1-year high of $116.71. The stock has a market capitalization of $659.22 million, a P/E ratio of 16.90, a PEG ratio of 1.13 and a beta of 1.53. The company has a 50-day simple moving average of $88.46 and a 200-day simple moving average of $94.06.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 25. Shareholders of record on Tuesday, March 15 will receive a dividend of $0.31 per share. This represents a dividend of $1.24 on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Monday, March 14. CRA International’s payout ratio is currently 24.03%.
Several institutional investors have recently increased or reduced their stake in the stock. BNP Paribas Arbitrage SA increased its position in CRA International by 439.4% in the third quarter. BNP Paribas Arbitrage SA now owns 1,370 shares of the business services provider worth $136,000 after buying an additional 1,116 shares in the last quarter. Credit Suisse AG bought a new position in CRA International in the fourth quarter worth approximately $431,000. Marshall Wace LLP bought a new position in CRA International in the fourth quarter worth approximately $513,000. California State Teachers Retirement System increased its position in CRA International by 166.0% in the fourth quarter. California State Teachers Retirement System now owns 10,216 shares of the business services provider worth $954,000 after buying 6,376 additional shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in CRA International by 2.1% in the fourth quarter. Parametric Portfolio Associates LLC now owns 18,229 shares of the business services provider worth $1,702,000 after buying 382 additional shares in the last quarter. 84.94% of the shares are currently held by institutional investors.
About CRA International (Get a rating)
CRA International, Inc. is a consulting firm that provides economic, financial and management consulting services. She provides advisory services in the areas of litigation, regulatory, finance and management consulting. The company was founded in 1965 and is based in Boston, MA.
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