Share Purchaseback Plan Initiated by CRA International (CRAI) Board of Directors

Share Purchaseback Plan Initiated by CRA International (CRAI) Board of Directors

CRA International (NASDAQ:CRAI) declared that its Board of Directors has authorized a stock buyback program, which authorizes the company to buyback $20.00 million in outstanding shares on Thursday, May 4th, EventVestor reports. This buyback authorization authorizes the business services provider to repurchase up to 6.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Shares of CRA International (NASDAQ:CRAI) traded up 1.67% on Friday, hitting $35.40. 59,453 shares of the stock traded hands. The company’s 50 day moving average is $35.48 and its 200 day moving average is $35.04. CRA International has a one year low of $23.25 and a one year high of $40.00. The stock has a market cap of $303.52 million, a price-to-earnings ratio of 22.78 and a beta of 0.78.

CRA International (NASDAQ:CRAI) last announced its quarterly earnings results on Thursday, May 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The firm had revenue of $88.17 million for the quarter, compared to analyst estimates of $84.35 million. CRA International had a net margin of 3.00% and a return on equity of 4.62%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities analysts forecast that CRA International will post $1.50 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Monday, May 29th will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, May 24th. This represents a $0.56 annualized dividend and a dividend yield of 1.58%. CRA International’s dividend payout ratio is 51.38%.

Separately, Zacks Investment Research lowered shares of CRA International from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th.

About CRA International

CRA International, Inc is a global consulting firm. The Company provides economic, financial and management consulting services. The Company consulting services in two areas: litigation, regulatory, and financial consulting and management consulting. The Company provides services, such as economic capability, analyses and testimony in areas, such as Antitrust & Competition; Damages & Valuation; Financial Accounting & Valuation; Financial Economics; Forensic & Cyber Investigations; Insurance Economics; Intellectual Property; International Arbitration; Labor & Employment; Mergers & Acquisitions; Regulatory Economics & Compliance; Securities & Financial Markets, and Transfer TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CRAI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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