CRA International, Inc. (NASDAQ:CRAI) Plans Quarterly Dividend of $0.49

CRA International, Inc. (NASDAQ:CRAI) declared a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Investors of record on Tuesday, November 26th will be given a dividend of 0.49 per share by the business services provider on Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Tuesday, November 26th. This is an increase from CRA International’s previous quarterly dividend of $0.42.

CRA International has increased its dividend payment by an average of 16.5% per year over the last three years. CRA International has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CRA International to earn $7.47 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 26.2%.

CRA International Price Performance

Shares of CRAI stock opened at $193.84 on Friday. CRA International has a 12 month low of $92.07 and a 12 month high of $208.38. The firm has a market capitalization of $1.31 billion, a P/E ratio of 31.37, a P/E/G ratio of 1.67 and a beta of 1.13. The company’s fifty day moving average price is $184.88 and its two-hundred day moving average price is $174.56.

CRA International (NASDAQ:CRAI) last issued its quarterly earnings data on Thursday, October 31st. The business services provider reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.19. CRA International had a net margin of 6.41% and a return on equity of 24.46%. The firm had revenue of $167.75 million for the quarter, compared to analyst estimates of $166.83 million. During the same quarter in the previous year, the business posted $1.13 EPS. On average, sell-side analysts anticipate that CRA International will post 7.08 EPS for the current year.

Insider Buying and Selling at CRA International

In related news, CEO Paul A. Maleh sold 7,500 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $191.55, for a total transaction of $1,436,625.00. Following the completion of the sale, the chief executive officer now directly owns 151,712 shares of the company’s stock, valued at approximately $29,060,433.60. This represents a 4.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CRAI shares. StockNews.com downgraded shares of CRA International from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Barrington Research upped their price target on shares of CRA International from $194.00 to $212.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

About CRA International

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.