CRA International, Inc. (NASDAQ:CRAI) Increases Dividend to $0.49 Per Share

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 yield of 1.01%. The ex-dividend date is Tuesday, November 26th. This is a positive change 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. Research analysts expect CRA International to earn $7.52 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 26.1%.

CRA International Stock Up 2.4 %

Shares of CRA International stock opened at $193.84 on Monday. CRA International has a twelve month low of $92.07 and a twelve month high of $208.38. The business has a 50-day moving average price of $184.88 and a 200-day moving average price of $174.65. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 1.70 and a beta of 1.13.

CRA International (NASDAQ:CRAI) last released its quarterly earnings results on Thursday, October 31st. The business services provider reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.19. The business had revenue of $167.75 million during the quarter, compared to analysts’ expectations of $166.83 million. CRA International had a return on equity of 24.46% and a net margin of 6.41%. During the same quarter last year, the business posted $1.13 EPS. On average, equities analysts expect that CRA International will post 7.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CEO Paul A. Maleh sold 7,500 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $191.55, for a total transaction of $1,436,625.00. Following the sale, the chief executive officer now owns 151,712 shares in the company, 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 SEC, which is accessible through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

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.