Stock to Track: CRA International, Inc.’s (NASDAQ: CRAI)

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CRA International, Inc.,CRAI

On 17 Jan 19, shares of CRA International, Inc.’s (NASDAQ: CRAI) plunged/surged} +0.45% in trading session and finally closed at $42.12. The company most recent volume stood at 36,723 shares as compared to average volume of 39,385 shares. Over the one year trading period, the stock has a high price of $58.75 and its low price is recorded at $39.23. The company has a market cap of $341.22M.

Charles River Associates (CRAI) recently reported financial results and filed its Form 10-Q for the fiscal third quarter ended September 29, 2018.

Key Third-Quarter Fiscal 2018 Highlights

  • Revenue grew 13.7% year over year to $103.9M.
  • Utilization was 76%, while quarter-end headcount raised 7.2% year over year.
  • Net income raised 21.6% year over year to $3.9M, or 3.8% of revenue, contrast with $3.2M, or 3.5% of revenue, in the third quarter of fiscal 2017; non-GAAP net income raised 61.1% year over year to $5.6M, or 5.4% of revenue, contrast with $3.5M, or 3.8% of revenue, in the third quarter of fiscal 2017.
  • Earnings per diluted share raised 21.1% year over year to $0.46; non-GAAP earnings per diluted share raised 58.5% year over year to $0.65.
  • Non-GAAP EBITDA grew 17.7% year over year to $10.1M, or 9.7% of revenue, contrast with $8.6M, or 9.4% of revenue, in the third quarter of fiscal 2017.
  • On a constant currency basis relative to the third quarter of fiscal 2017, revenue would have been higher by $0.2M, while GAAP and non-GAAP net income, earnings per diluted share and EBITDA would have been minimally influenced.

Outlook and Financial Guidance

“CRA is well positioned to build on the momentum achieved through the first three quarters of the year,” Maleh stated. “As a result, on a constant currency basis relative to fiscal 2017, we are raising our 2018 revenue guidance to the range of $404M to $410M and expect to be in the upper half of our before reported non-GAAP EBITDA margin guidance range of 8.8% to 9.8%.”

CRA does not provide reconciliations of its yearly non-GAAP EBITDA margin guidance to GAAP net income margin because CRA is unable to estimate with reasonable certainty the revaluation of contingent consideration liabilities, unusual gains or charges, foreign currency exchange rates, and the resulting effect of these items, and of equity awards, on CRA’s taxes without unreasonable effort. These items are uncertain, depend on various factors, and may have a material effect on CRA’s results computed in accordance with GAAP. A reconciliation between the historical GAAP and non-GAAP financial measures presented in this release is provided in the financial tables at the end of this release.

Quarterly Dividend

On November 1, 2018, CRA’s Board of Directors reported an 18% raise to its quarterly cash dividend to $0.20 per ordinary share. This dividend will be payable on December 21, 2018 to shareholders of record as of November 27, 2018. CRA expects to continue paying quarterly dividends, the declaration, timing and amounts of which remain subject to the discretion of CRA’s Board of Directors.

CRAI debt to equity ratio was 0.02 while current ratio was 1.40. The company has the institutional ownership of 84.30% while the Beta factor was 1.06. The stock’s RSI amounts to 45.11. CRA International, Inc., a consulting company, provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally.

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