CRA International, Inc. (NASDAQ:CRAI) announced a quarterly dividend on Thursday, July 30th, Zacks reports. Shareholders of record on Tuesday, August 25th will be paid a dividend of 0.23 per share by the business services provider on Monday, September 14th. This represents a $0.92 annualized dividend and a yield of 2.13%. The ex-dividend date is Monday, August 24th.
CRA International has raised its dividend payment by an average of 492.9% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. CRA International has a dividend payout ratio of 30.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CRA International to earn $3.05 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 30.2%.
Shares of CRAI stock traded down $0.25 during trading hours on Friday, hitting $43.22. 1,771 shares of the company’s stock traded hands, compared to its average volume of 31,183. The stock’s fifty day simple moving average is $38.74 and its two-hundred day simple moving average is $42.07. 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 $336.66 million, a price-to-earnings ratio of 15.55, a PEG ratio of 1.13 and a beta of 1.46. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.73.
Several equities analysts have recently issued reports on CRAI shares. BidaskClub lowered shares of CRA International from a “buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Barrington Research reissued a “buy” rating and set a $59.00 price target on shares of CRA International in a research report on Thursday, June 4th. Zacks Investment Research downgraded shares of CRA International from a “buy” rating to a “hold” rating and set a $41.00 target price for the company. in a research report on Monday, June 15th. TheStreet cut shares of CRA International from a “b-” rating to a “c+” rating in a research note on Thursday, April 2nd. Finally, ValuEngine upgraded shares of CRA International from a “strong sell” rating to a “sell” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. CRA International has a consensus rating of “Hold” and a consensus target price of $50.00.
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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