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

CRA International, Inc. (NASDAQ:CRAI) announced a quarterly dividend on Wednesday, February 19th, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Tuesday, March 4th.

CRA International has raised its dividend by an average of 17.1% per year 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 Price Performance

CRAI traded down $9.36 during midday trading on Friday, reaching $201.61. 60,256 shares of the company’s stock traded hands, compared to its average volume of 33,940. The firm has a fifty day moving average of $187.77 and a two-hundred day moving average of $181.41. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 32.62, a P/E/G ratio of 1.57 and a beta of 1.13. CRA International has a 52 week low of $110.16 and a 52 week high of $214.01.

CRA International (NASDAQ:CRAI) last posted its earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.44. CRA International had a return on equity of 24.46% and a net margin of 6.41%. The firm had revenue of $176.44 million for the quarter, compared to the consensus estimate of $166.29 million. Sell-side analysts forecast that CRA International will post 7.15 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on CRAI shares. Barrington Research upped their price target on CRA International from $194.00 to $212.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. StockNews.com downgraded CRA International from a “buy” rating to a “hold” rating in a research note on Friday, November 1st.

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.