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

CRA International, Inc. (NASDAQ:CRAI) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Tuesday, March 4th will be given a dividend of 0.49 per share by the business services provider on Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 0.93%.

CRA International has raised its dividend payment by an average of 17.1% per year over the last three years. CRA International has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

CRAI opened at $210.97 on Friday. CRA International has a 12 month low of $110.07 and a 12 month high of $214.01. The stock has a market cap of $1.43 billion, a P/E ratio of 34.14, a P/E/G ratio of 1.57 and a beta of 1.13. The stock’s 50 day moving average price is $187.77 and its 200 day moving average price is $181.41.

CRA International (NASDAQ:CRAI) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.44. CRA International had a return on equity of 24.46% and a net margin of 6.41%. Equities analysts anticipate that CRA International will post 7.15 EPS for the current year.

Wall Street Analyst Weigh In

CRAI has been the topic of several research analyst reports. Barrington Research lifted their price target on CRA International from $194.00 to $212.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. StockNews.com cut CRA International from a “buy” rating to a “hold” rating in a research report on Friday, November 1st.

CRA International Company Profile

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.