CRA International, Inc. (NASDAQ:CRAI) declared a quarterly dividend on Thursday, July 30th, Zacks reports. Stockholders of record on Tuesday, August 25th will be paid a dividend of 0.23 per share by the business services provider on Monday, September 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Monday, August 24th.
CRA International has increased its dividend by an average of 492.9% annually over the last three years and has raised its dividend every year for the last 3 years. CRA International has a dividend payout ratio of 30.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CRA International to earn $3.05 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 30.2%.
Shares of CRAI traded down $1.74 during trading hours on Friday, reaching $41.73. 9,123 shares of the company’s stock traded hands, compared to its average volume of 31,183. The firm has a market capitalization of $325.08 million, a price-to-earnings ratio of 15.55, a P/E/G ratio of 1.13 and a beta of 1.46. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.00 and a quick ratio of 1.00. CRA International has a twelve month low of $21.96 and a twelve month high of $58.19. The business’s fifty day simple moving average is $38.74 and its two-hundred day simple moving average is $42.07.
CRA International (NASDAQ:CRAI) last issued its quarterly earnings results on Thursday, July 30th. The business services provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.26. The company had revenue of $123.03 million for the quarter, compared to analyst estimates of $111.42 million. CRA International had a return on equity of 13.80% and a net margin of 4.78%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. On average, equities research analysts expect that CRA International will post 2.69 EPS for the current year.
A number of research firms recently issued reports on CRAI. ValuEngine raised CRA International from a “strong sell” rating to a “sell” rating in a report on Tuesday. Barrington Research reaffirmed a “buy” rating and set a $59.00 target price on shares of CRA International in a report on Thursday, June 4th. Zacks Investment Research lowered CRA International from a “buy” rating to a “hold” rating and set a $41.00 target price on the stock. in a report on Monday, June 15th. BidaskClub lowered CRA International from a “buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, TheStreet lowered CRA International from a “b-” rating to a “c+” rating in a report on Thursday, April 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $50.00.
About CRA International
CRA International, Inc, a consulting company, provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.
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