Charles River Associates (NASDAQ:CRAI) Releases Earnings Results, Beats Expectations By $0.05 EPS

Key Points

• Charles River Associates reported quarterly earnings of $1.88 per share, exceeding analyst expectations by $0.05 and achieving revenue of $186.88 million, surpassing the consensus estimate of $180.34 million.
• The company announced a quarterly dividend of $0.49, providing an annualized yield of 1.2%, with a dividend payout ratio of 26.45%.
• Despite the positive earnings report, shares fell by $6.50 on the following trading day, highlighting potential investor concerns amid market fluctuations.

Charles River Associates (NASDAQ:CRAI - Get Free Report) released its quarterly earnings results on Thursday. The business services provider reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.05, Zacks reports. Charles River Associates had a return on equity of 25.51% and a net margin of 7.93%. The firm had revenue of $186.88 million during the quarter, compared to analysts' expectations of $180.34 million. Charles River Associates updated its FY 2025 guidance to EPS.

Charles River Associates Trading Up 0.7%

Shares of NASDAQ:CRAI traded up $1.24 during midday trading on Wednesday, hitting $186.81. The company had a trading volume of 25,178 shares, compared to its average volume of 74,054. Charles River Associates has a 12 month low of $152.57 and a 12 month high of $214.01. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 1.39 and a beta of 0.91. The firm has a fifty day simple moving average of $185.38 and a 200 day simple moving average of $182.13.

Charles River Associates Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, August 26th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, August 26th. Charles River Associates's dividend payout ratio (DPR) is currently 23.73%.

Insider Buying and Selling at Charles River Associates

In other news, CEO Paul A. Maleh sold 7,500 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $190.62, for a total value of $1,429,650.00. Following the transaction, the chief executive officer directly owned 141,545 shares in the company, valued at $26,981,307.90. This trade represents a 5.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan D. Yellin sold 1,750 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $188.46, for a total value of $329,805.00. Following the completion of the transaction, the executive vice president owned 19,073 shares in the company, valued at $3,594,497.58. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Charles River Associates stock. Jones Financial Companies Lllp bought a new position in shares of Charles River Associates (NASDAQ:CRAI - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 155 shares of the business services provider's stock, valued at approximately $27,000. Institutional investors and hedge funds own 84.13% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barrington Research boosted their target price on Charles River Associates from $224.00 to $228.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Wall Street Zen lowered Charles River Associates from a "buy" rating to a "hold" rating in a research report on Saturday.

About Charles River Associates

CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.