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

CRA International, Inc. (NASDAQ:CRAI) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Stockholders of record on Tuesday, November 26th will be paid 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 a positive change from CRA International’s previous quarterly dividend of $0.42.

CRA International has raised 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% meaning its dividend is sufficiently covered by earnings. Equities 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 %

CRAI opened at $193.84 on Monday. The business has a fifty day moving average of $184.88 and a 200 day moving average of $174.65. The stock has a market cap of $1.31 billion, a P/E ratio of 31.37, a PEG ratio of 1.70 and a beta of 1.13. CRA International has a 52-week low of $92.07 and a 52-week high of $208.38.

CRA International (NASDAQ:CRAI) last issued its earnings results on Thursday, October 31st. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.19. The firm had revenue of $167.75 million during the quarter, compared to analyst estimates of $166.83 million. CRA International had a net margin of 6.41% and a return on equity of 24.46%. During the same period in the previous year, the firm earned $1.13 earnings per share. Equities analysts anticipate that CRA International will post 7.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Barrington Research lifted 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 lowered CRA International from a “buy” rating to a “hold” rating in a research report on Friday, November 1st.

Insider Buying and Selling at CRA International

In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of the company’s 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 completion of the sale, the chief executive officer now owns 151,712 shares in the company, valued at $29,060,433.60. This represents a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.20% of the company’s stock.

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.