CRA International, Inc. (CRAI) To Go Ex-Dividend on August 27th

CRA International, Inc. (NASDAQ:CRAI) announced a quarterly dividend on Wednesday, July 31st, Zacks reports. Shareholders of record on Tuesday, August 27th will be paid a dividend of 0.42 per share by the business services provider on Friday, September 13th. This represents a $1.68 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Tuesday, August 27th.

CRA International has raised its dividend by an average of 16.5% annually over the last three years. CRA International has a payout ratio of 22.2% meaning 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 1.9 %

NASDAQ CRAI opened at $163.48 on Friday. CRA International has a twelve month low of $81.29 and a twelve month high of $187.10. The stock has a market cap of $1.13 billion, a P/E ratio of 26.71, a PEG ratio of 1.54 and a beta of 1.17. The company’s 50-day simple moving average is $169.19 and its 200 day simple moving average is $154.96.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. StockNews.com downgraded shares of CRA International from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Barrington Research restated an “outperform” rating and issued a $186.00 price target on shares of CRA International in a research report on Tuesday, June 11th.

Insider Activity at CRA International

In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $180.86, for a total value of $1,356,450.00. Following the transaction, the chief executive officer now owns 166,712 shares of the company’s stock, valued at $30,151,532.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other CRA International news, EVP Jonathan D. Yellin sold 1,250 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.26, for a total transaction of $197,825.00. Following the transaction, the executive vice president now owns 20,361 shares of the company’s stock, valued at approximately $3,222,331.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Paul A. Maleh sold 7,500 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $180.86, for a total value 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. Insiders sold 18,250 shares of company stock valued at $3,052,170 in the last three months. Corporate 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.