Charles River Laboratories Intl. (CRL) Releases FY18 Earnings Guidance

Charles River Laboratories Intl. (NYSE:CRL) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $5.87-5.97 for the period, compared to the Thomson Reuters consensus estimate of $5.91. The company issued revenue guidance of $2.25-2.27 billion, compared to the consensus revenue estimate of $2.23 billion.

CRL traded down $0.13 during trading on Thursday, reaching $136.10. 502,077 shares of the stock traded hands, compared to its average volume of 375,486. The company has a current ratio of 1.72, a quick ratio of 1.48 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $6.01 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 1.57 and a beta of 0.74. Charles River Laboratories Intl. has a 12 month low of $96.70 and a 12 month high of $138.89.

Charles River Laboratories Intl. (NYSE:CRL) last issued its quarterly earnings results on Wednesday, November 7th. The medical research company reported $1.53 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.15. The business had revenue of $585.30 million for the quarter, compared to analysts’ expectations of $567.58 million. Charles River Laboratories Intl. had a net margin of 6.38% and a return on equity of 25.26%. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.30 earnings per share. As a group, research analysts predict that Charles River Laboratories Intl. will post 5.91 EPS for the current fiscal year.

A number of analysts have commented on CRL shares. Bank of America upped their price target on shares of Charles River Laboratories Intl. from $120.00 to $125.00 and gave the company a buy rating in a research report on Monday, July 16th. Royal Bank of Canada raised shares of Charles River Laboratories Intl. from a sector perform rating to an outperform rating and set a $131.00 price target on the stock in a research report on Tuesday, July 17th. ValuEngine raised shares of Charles River Laboratories Intl. from a hold rating to a buy rating in a research report on Wednesday, July 18th. Jefferies Financial Group reaffirmed a buy rating and set a $140.00 price target on shares of Charles River Laboratories Intl. in a research report on Friday, July 20th. Finally, SunTrust Banks upped their price target on shares of Charles River Laboratories Intl. to $135.00 and gave the company a buy rating in a research report on Thursday, August 9th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $130.56.

In other news, insider David Ross Smith sold 1,249 shares of the stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $120.05, for a total transaction of $149,942.45. Following the transaction, the insider now owns 13,690 shares of the company’s stock, valued at approximately $1,643,484.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Deborah Turner Kochevar sold 4,066 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $123.66, for a total transaction of $502,801.56. Following the transaction, the director now directly owns 10,190 shares in the company, valued at approximately $1,260,095.40. The disclosure for this sale can be found here. Insiders have sold a total of 28,671 shares of company stock worth $3,829,160 in the last three months. Insiders own 2.10% of the company’s stock.

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About Charles River Laboratories Intl.

Charles River Laboratories International, Inc, an early-stage contract research company, provides drug discovery, non-clinical development, and safety testing services worldwide. It operates through three segments: Research Models and Services (RMS), Discovery and Safety Assessment (DSA), and Manufacturing Support (Manufacturing).

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Earnings History and Estimates for Charles River Laboratories Intl. (NYSE:CRL)

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