CRA International, Inc. (NASDAQ:CRAI) Announces Dividend Increase - $0.49 Per Share

CRA International, Inc. (NASDAQ:CRAI - Get Free Report) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Stockholders of record on Tuesday, November 26th will be paid a dividend of 0.49 per share by the business services provider on Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Tuesday, November 26th. This is a positive change from CRA International's previous quarterly dividend of $0.42.

CRA International has raised its dividend 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. Research 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 Price Performance

Shares of CRAI stock traded up $4.02 during trading hours on Friday, reaching $186.16. 61,366 shares of the stock were exchanged, compared to its average volume of 37,727. The business's fifty day moving average is $175.04 and its two-hundred day moving average is $169.39. The firm has a market capitalization of $1.26 billion, a P/E ratio of 31.84, a P/E/G ratio of 1.75 and a beta of 1.14. CRA International has a 12-month low of $81.29 and a 12-month high of $198.02.

CRA International (NASDAQ:CRAI - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.34. The business had revenue of $171.44 million during the quarter, compared to analysts' expectations of $167.87 million. CRA International had a return on equity of 22.37% and a net margin of 6.17%. During the same period in the prior year, the firm posted $1.42 EPS. As a group, equities research analysts predict that CRA International will post 6.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded CRA International from a "buy" rating to a "hold" rating in a report on Friday.

Insider Buying and Selling at CRA International

In other CRA International news, CFO Daniel K. Mahoney sold 1,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $155.21, for a total value of $155,210.00. Following the completion of the transaction, the chief financial officer now directly owns 11,624 shares of the company's stock, valued at approximately $1,804,161.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other CRA International news, EVP Jonathan D. Yellin sold 1,250 shares of the firm's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.26, for a total transaction of $197,825.00. Following the sale, the executive vice president now directly owns 20,361 shares of the company's stock, valued at $3,222,331.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel K. Mahoney sold 1,000 shares of CRA International stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 11,624 shares of the company's stock, valued at $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. In the last 90 days, insiders have sold 10,750 shares of company stock valued at $1,695,720. 5.20% of the stock is owned by corporate insiders.

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.