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

CRA International, Inc. (NASDAQ:CRAI) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, November 26th. This is an increase from CRA International’s previous quarterly dividend of $0.42.

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 22.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CRA International to earn $7.38 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 22.8%.

CRA International Stock Up 1.1 %

CRAI stock traded up $2.06 during mid-day trading on Friday, reaching $184.20. The company had a trading volume of 1,715 shares, compared to its average volume of 37,494. CRA International has a one year low of $81.29 and a one year high of $198.02. The stock has a market capitalization of $1.25 billion, a P/E ratio of 31.84, a P/E/G ratio of 1.75 and a beta of 1.14. The stock’s 50-day simple moving average is $175.04 and its two-hundred day simple moving average is $169.39.

CRA International (NASDAQ:CRAI) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.83 EPS 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 22.37%. The company had revenue of $171.44 million for the quarter, compared to the consensus estimate of $167.87 million. During the same period in the previous year, the firm earned $1.42 EPS. On average, research analysts forecast that CRA International will post 6.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of CRA International from a “buy” rating to a “hold” rating in a research report on Friday.

Insider Activity at CRA International

In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $158.33, for a total transaction of $1,187,475.00. Following the sale, the chief executive officer now directly owns 159,212 shares of the company’s stock, valued at approximately $25,208,035.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Paul A. Maleh sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $158.33, for a total transaction of $1,187,475.00. Following the sale, the chief executive officer now owns 159,212 shares of the company’s stock, valued at approximately $25,208,035.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Daniel K. Mahoney sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $155.21, for a total transaction of $155,210.00. Following the sale, the chief financial officer now owns 11,624 shares in the company, valued at approximately $1,804,161.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,750 shares of company stock worth $1,695,720. Company 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.