Charles River Associates (NASDAQ:CRAI – Free Report) – Sidoti issued their Q1 2028 earnings estimates for Charles River Associates in a report released on Friday, November 6th. Sidoti analyst M. Riddick expects that the business services provider will earn $2.61 per share for the quarter. The consensus estimate for Charles River Associates’ current full-year earnings is $8.37 per share. Sidoti also issued estimates for Charles River Associates’ Q2 2028 earnings at $2.69 EPS, Q3 2028 earnings at $2.77 EPS and FY2028 earnings at $10.83 EPS.
Charles River Associates (NASDAQ:CRAI – Get Free Report) last posted its earnings results on Thursday, November 5th. The business services provider reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.12. The company had revenue of $214.92 million during the quarter, compared to analyst estimates of $199.04 million. Charles River Associates had a net margin of 6.20% and a return on equity of 27.31%.
Separately, Weiss Ratings upgraded Charles River Associates from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, September 25th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $245.00.
Read Our Latest Analysis on Charles River Associates
Charles River Associates Price Performance
Shares of NASDAQ:CRAI opened at $197.41 on Tuesday. Charles River Associates has a 1 year low of $132.17 and a 1 year high of $227.29. The company has a market cap of $1.24 billion, a PE ratio of 24.74, a P/E/G ratio of 1.44 and a beta of 0.64. The stock’s 50-day moving average is $177.31 and its 200 day moving average is $166.00.
Hedge Funds Weigh In On Charles River Associates
Several hedge funds and other institutional investors have recently modified their holdings of CRAI. BlackRock Inc. bought a new position in Charles River Associates in the second quarter worth about $91,500,000. Jupiter Topco LLC purchased a new stake in Charles River Associates in the second quarter worth about $19,965,000. Rice Hall James & Associates LLC purchased a new stake in Charles River Associates in the second quarter worth about $11,066,000. United Capital Financial Advisors LLC bought a new stake in Charles River Associates during the 2nd quarter valued at approximately $5,959,000. Finally, Weber Capital Management LLC ADV bought a new stake in Charles River Associates during the 2nd quarter valued at approximately $5,351,334. Hedge funds and other institutional investors own 84.13% of the company’s stock.
Insider Buying and Selling
In other Charles River Associates news, EVP Jonathan Yellin sold 2,250 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $173.25, for a total value of $389,812.50. Following the completion of the transaction, the executive vice president directly owned 11,153 shares in the company, valued at approximately $1,932,257.25. This represents a 16.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.50% of the company’s stock.
Charles River Associates Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Tuesday, November 24th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, November 24th. This is an increase from Charles River Associates’s previous quarterly dividend of $0.57. Charles River Associates’s payout ratio is presently 28.57%.
Charles River Associates Company Profile
Charles River Associates, operating as CRA International, Inc, is a global consulting firm that provides economic, financial, and management consulting services. The company advises corporations, law firms, government agencies, and other organizations on complex business, legal, regulatory, and strategic matters.
CRA’s services include economic and financial analysis for litigation and regulatory proceedings, antitrust and competition consulting, corporate strategy, business performance improvement, and investigations.
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