CRA International Inc. (NASDAQ:CRAI) issued its quarterly earnings data on Thursday. The company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.07. CRA International had a net margin of 2.94% and a return on equity of 4.41%. The business earned $81.70 million during the quarter, compared to analyst estimates of $80.30 million. CRA International’s revenue for the quarter was up 8.2% compared to the same quarter last year.
CRA International (NASDAQ:CRAI) opened at 28.14 on Friday. The stock’s 50 day moving average is $27.15 and its 200 day moving average is $25.20. The stock has a market capitalization of $230.30 million, a price-to-earnings ratio of 27.48 and a beta of 0.68. CRA International has a 12-month low of $16.25 and a 12-month high of $31.31.
Institutional investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY acquired a new position in CRA International during the first quarter worth about $142,000. Nationwide Fund Advisors increased its position in CRA International by 54.3% in the third quarter. Nationwide Fund Advisors now owns 29,853 shares of the company’s stock worth $794,000 after buying an additional 10,500 shares in the last quarter. Falcon Point Capital LLC acquired a new position in CRA International during the second quarter worth about $905,000. California Public Employees Retirement System increased its position 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 worth $1,533,000 after buying an additional 2,400 shares in the last quarter. Finally, Piermont Capital Management Inc. acquired a new position in CRA International during the second quarter worth about $1,573,000. Hedge funds and other institutional investors own 85.30% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of CRA International from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a report on Monday, August 1st.
CRA International Company Profile
CRA International, Inc is a global consulting firm. The Company provides economic, financial and management consulting services. It operates in two segments: consulting services and NeuCo It offers consulting services in areas, including litigation, regulatory and financial consulting, and management consulting.