CRA International, Inc. (NASDAQ:CRAI) announced a quarterly dividend on Thursday, October 29th, Zacks reports. Investors of record on Tuesday, November 24th will be paid a dividend of 0.26 per share by the business services provider on Friday, December 11th. This represents a $1.04 annualized dividend and a yield of 2.36%. The ex-dividend date is Monday, November 23rd. This is a boost from CRA International’s previous quarterly dividend of $0.23.
CRA International has increased its dividend payment by 492.9% 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 33.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CRA International to earn $3.33 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 31.2%.
Shares of NASDAQ:CRAI opened at $43.99 on Friday. CRA International has a 12 month low of $21.96 and a 12 month high of $58.19. The stock has a market cap of $342.07 million, a price-to-earnings ratio of 15.60, a PEG ratio of 1.06 and a beta of 1.47. The stock’s 50 day moving average price is $40.95 and its 200 day moving average price is $40.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.00 and a quick ratio of 1.00.
CRA International (NASDAQ:CRAI) last posted its quarterly earnings results on Thursday, October 29th. The business services provider reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.22. The company had revenue of $121.76 million for the quarter, compared to analysts’ expectations of $119.75 million. CRA International had a return on equity of 12.68% and a net margin of 4.60%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. On average, sell-side analysts expect that CRA International will post 3.22 EPS for the current year.
In other CRA International news, EVP Jonathan D. Yellin sold 3,243 shares of CRA International stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $39.07, for a total value of $126,704.01. Following the transaction, the executive vice president now directly owns 15,344 shares of the company’s stock, valued at approximately $599,490.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 4.70% of the stock is currently owned by company insiders.
CRAI has been the topic of several research reports. Zacks Investment Research raised CRA International from a “hold” rating to a “strong-buy” rating and set a $44.00 price target on the stock in a report on Wednesday, September 30th. TheStreet cut CRA International from a “b-” rating to a “c+” rating in a report on Monday, October 19th. Barrington Research upped their price target on CRA International from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, November 2nd. ValuEngine raised CRA International from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 28th. Finally, BidaskClub raised CRA International from a “sell” rating to a “hold” rating in a report on Thursday, October 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. CRA International has an average rating of “Buy” and a consensus target price of $53.00.
CRA International Company Profile
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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