Cra Intl Inc Stock Price, News & Analysis

Charles River Associates (CRAI) has authorized a $20 million expansion of its share repurchase program, demonstrating confidence in its business and commitment to returning capital to shareholders. The company repurchased $5 million in stock during Q4 FY2021 at an average price of $97.38, leaving $30.5 million remaining under its previous authorization. CRA aims to return half of adjusted net cash flows to shareholders while investing for growth, indicating a focus on maximizing long-term shareholder value.

Charles River Associates (NASDAQ: CRAI) will present at Sidoti & Company’s Winter Small Cap Conference on January 19, 2022, at 9:15 a.m. EST. CEO Paul Maleh will lead the presentation, which will also feature a live Q&A session. The event can be accessed via the Company’s investor relations website. Alongside Maleh, CFO Daniel Mahoney and Corporate Development Officer Chad Holmes will hold one-on-one meetings with investors. CRA specializes in economic, financial, and management consulting services.

Charles River Associates (CRAI) announced the appointment of Elizabeth Bailey as Vice President in its Antitrust & Competition Economics Practice based in Oakland. Dr. Bailey is an expert in antitrust, competition policy, and intellectual property, with extensive consulting experience in the U.S., Canada, and Europe. Recognized multiple times in Who’s Who Legal: Competition, she brings a strong background in economic analysis for mergers and acquisitions. CRA's leadership expressed confidence that her expertise will enhance their antitrust team and contribute to client success.

Charles River Associates (NASDAQ: CRAI) has announced the appointment of Peggy Daley as Vice President in its Forensic Services Practice. Ms. Daley, a noted forensic expert, has extensive experience as an expert witness in consumer class actions related to privacy violations. Her addition aims to bolster CRA's capabilities in high-profile investigations, including fraud and compliance issues. Recognized for her leadership in forensic investigations, she has held various significant roles and has been honored by Who’s Who Legal and Chambers and Partners. This strategic move enhances CRA's service offering to clients.

Charles River Associates (NASDAQ: CRAI) is set to participate in the 2021 Furey Research Partners Hidden Gems Conference. The event will feature virtual one-on-one meetings with investors, scheduled for November 17 and 18, 2021. Key executives participating include President and CEO Paul Maleh, CFO Daniel Mahoney, and Chief Corporate Development Officer Chad Holmes. As a leading consulting firm, CRA specializes in economic, financial, and management consulting services, assisting clients with complex legal and regulatory issues.

Charles River Associates (NASDAQ: CRAI) reported a 12.0% revenue growth year-over-year, reaching $136.4 million for the fiscal third quarter ended October 2, 2021. This marks the 23rd consecutive quarter of growth, with net income rising 102.6% to $10.9 million and EPS increasing 111.8% to $1.44. However, the company is lowering its full-year revenue guidance to $560 million to $570 million due to employee vacation time impacting growth. CRA also announced a 19% increase in its quarterly dividend to $0.31.

Charles River Associates (NASDAQ: CRAI) announced a 19% increase in its quarterly cash dividend, raising it from $0.26 to $0.31 per share. This dividend is set to be paid on December 10, 2021 to shareholders on record as of November 30, 2021. The company expresses confidence in continuing to pay quarterly dividends, although future amounts depend on the discretion of the Board of Directors.

Charles River Associates (NASDAQ: CRAI) will host a third-quarter 2021 financial results conference call on November 4, 2021 at 10:00 a.m. ET. The call will be led by key executives including CEO Paul Maleh and CFO Daniel Mahoney. Investors can listen via webcast or by dialing in. A press release with detailed financial information will be available on the Investor Relations section of CRA's website before the call. An archived version of the call and related materials will be accessible for one year.