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) posted its quarterly earnings results on Thursday. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.05, Zacks reports. Charles River Associates had a net margin of 7.93% and a return on equity of 24.99%. The company had revenue of $186.88 million during the quarter, compared to the consensus estimate of $180.34 million. Charles River Associates updated its FY 2025 guidance to EPS.

Charles River Associates Price Performance

Shares of Charles River Associates stock traded down $6.50 on Friday, hitting $170.16. The company had a trading volume of 101,828 shares, compared to its average volume of 113,626. The business has a 50-day simple moving average of $185.65 and a 200-day simple moving average of $182.16. The company has a market cap of $1.16 billion, a PE ratio of 20.60, a PEG ratio of 1.38 and a beta of 0.91. Charles River Associates has a 52 week low of $133.54 and a 52 week high of $214.01.

Charles River Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, August 26th will be issued a $0.49 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $1.96 annualized dividend and a dividend yield of 1.2%. Charles River Associates's dividend payout ratio (DPR) is 26.45%.

Insider Activity at Charles River Associates

In related news, CEO Paul A. Maleh sold 7,500 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $190.62, for a total transaction of $1,429,650.00. Following the completion of the sale, the chief executive officer directly owned 141,545 shares of the company's stock, valued at $26,981,307.90. This represents a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan D. Yellin sold 1,750 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $188.46, for a total transaction of $329,805.00. Following the sale, the executive vice president directly owned 19,073 shares of the company's stock, valued at approximately $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. Company insiders own 4.70% of the company's stock.

Institutional Trading of Charles River Associates

An institutional investor recently bought a new position in Charles River Associates stock. Jones Financial Companies Lllp purchased a new stake in Charles River Associates (NASDAQ:CRAI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 155 shares of the business services provider's stock, valued at approximately $27,000. Institutional investors own 84.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on CRAI shares. Wall Street Zen cut shares of Charles River Associates from a "buy" rating to a "hold" rating in a research note on Saturday. Barrington Research boosted their price objective on shares of Charles River Associates from $224.00 to $228.00 and gave the company an "outperform" rating in a research note on Wednesday, May 21st.

Charles River Associates Company Profile

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.

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