CRA International, Inc. (CRAI) to Issue Quarterly Dividend of $0.42 on September 13th

CRA International, Inc. (NASDAQ:CRAI) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Tuesday, August 27th will be given a dividend of 0.42 per share by the business services provider on Friday, September 13th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, August 27th.

CRA International has increased its dividend payment by an average of 16.5% annually over the last three years. CRA International has a dividend payout ratio of 24.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CRA International to earn $6.75 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 24.9%.

CRA International Stock Up 0.6 %

NASDAQ:CRAI opened at $153.28 on Friday. CRA International has a fifty-two week low of $81.29 and a fifty-two week high of $187.10. The stock has a market cap of $1.06 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 1.54 and a beta of 1.17. The firm’s fifty day simple moving average is $174.17 and its 200-day simple moving average is $149.27.

CRA International (NASDAQ:CRAI) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.34. CRA International had a net margin of 6.17% and a return on equity of 21.87%. The business had revenue of $171.44 million for the quarter, compared to analysts’ expectations of $167.87 million. During the same period in the prior year, the company posted $1.42 EPS. Equities analysts anticipate that CRA International will post 6.19 earnings per share for the current year.

Insider Activity at CRA International

In related news, CFO Daniel K. Mahoney sold 1,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $174.01, for a total value of $174,010.00. Following the sale, the chief financial officer now directly owns 12,624 shares of the company’s stock, valued at approximately $2,196,702.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other CRA International news, CFO Daniel K. Mahoney sold 1,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $174.01, for a total value of $174,010.00. Following the transaction, the chief financial officer now directly owns 12,624 shares in the company, valued at approximately $2,196,702.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Paul A. Maleh sold 7,500 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $180.86, for a total transaction of $1,356,450.00. Following the completion of the transaction, the chief executive officer now owns 166,712 shares in the company, valued at $30,151,532.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,000 shares of company stock valued at $1,940,610. Insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. StockNews.com cut shares of CRA International from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Barrington Research reissued an “outperform” rating and issued a $186.00 price objective on shares of CRA International in a research note on Tuesday, June 11th.

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.