CRA International, Inc. (NASDAQ:CRAI) to Issue Quarterly Dividend of $0.49

CRA International, Inc. (NASDAQ:CRAI) declared a quarterly dividend on Wednesday, February 19th, RTT News reports. Investors of record on Tuesday, March 4th will be given 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 0.97%. The ex-dividend date is Tuesday, March 4th.

CRA International has raised its dividend by an average of 17.1% annually over the last three years. CRA International has a payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CRA International to earn $7.52 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 26.1%.

CRA International Stock Down 4.4 %

CRAI traded down $9.36 on Friday, hitting $201.61. The company had a trading volume of 60,256 shares, compared to its average volume of 33,940. The company has a market cap of $1.37 billion, a PE ratio of 32.62, a PEG ratio of 1.57 and a beta of 1.13. CRA International has a 12-month low of $110.16 and a 12-month high of $214.01. The business’s fifty day simple moving average is $187.77 and its 200 day simple moving average is $181.41.

CRA International (NASDAQ:CRAI) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.44. The business had revenue of $176.44 million during the quarter, compared to the consensus estimate of $166.29 million. CRA International had a net margin of 6.41% and a return on equity of 24.46%. On average, analysts anticipate that CRA International will post 7.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CRAI has been the subject of several research analyst reports. Barrington Research lifted their price target on shares of CRA International from $194.00 to $212.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. StockNews.com downgraded shares of CRA International from a “buy” rating to a “hold” rating in a research note on Friday, November 1st.

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.