CRA International, Inc. (CRAI) To Go Ex-Dividend on March 4th

CRA International, Inc. (NASDAQ:CRAI) declared a quarterly dividend on Wednesday, February 19th, RTT News reports. Shareholders of record on Tuesday, March 4th will be paid 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 1.01%. The ex-dividend date is Tuesday, March 4th.

CRA International has increased its dividend by an average of 17.1% annually over the last three years. CRA International has a payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect CRA International to earn $7.77 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 25.2%.

CRA International Price Performance

CRA International stock opened at $193.15 on Friday. CRA International has a 1 year low of $118.52 and a 1 year high of $214.01. The business has a 50 day moving average of $187.89 and a 200-day moving average of $183.28. The company has a market capitalization of $1.31 billion, a P/E ratio of 28.66, a P/E/G ratio of 1.75 and a beta of 1.13.

CRA International (NASDAQ:CRAI) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.44. CRA International had a net margin of 6.79% and a return on equity of 25.95%. The business had revenue of $176.44 million for the quarter, compared to analysts’ expectations of $166.29 million. Equities analysts anticipate that CRA International will post 7.52 EPS for the current year.

Insiders Place Their Bets

In related news, Director Thomas Aiken Avery sold 1,000 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $199.05, for a total value of $199,050.00. Following the sale, the director now owns 14,669 shares in the company, valued at approximately $2,919,864.45. This trade represents a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Paul A. Maleh sold 7,600 shares of CRA International stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $192.50, for a total value of $1,463,000.00. Following the sale, the chief executive officer now owns 145,806 shares of the company’s stock, valued at approximately $28,067,655. This trade represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,600 shares of company stock worth $2,060,790 over the last quarter. 5.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Barrington Research lifted their price objective on shares of CRA International from $212.00 to $224.00 and gave the stock an “outperform” rating in a report on Monday, February 24th.

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.