CRA International, Inc. (NASDAQ:CRAI) Announces Quarterly Dividend of $0.36

Posted by Oscar Bower on May 25th, 2023

CRA International, Inc. (NASDAQ:CRAI – Get Rating) announced a quarterly dividend on Wednesday, May 3rd, Zacks reports. Investors of record on Tuesday, May 30th will be given a dividend of 0.36 per share by the business services provider on Friday, June 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, May 26th.

CRA International has raised its dividend by an average of 15.8% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. CRA International has a dividend payout ratio of 23.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CRA International to earn $6.15 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 23.4%.

CRA International Price Performance

CRA International stock opened at $96.18 on Thursday. CRA International has a 1-year low of $81.35 and a 1-year high of $128.10. The firm has a market capitalization of $676.15 million, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.39 and a beta of 1.27. The company’s 50-day moving average is $103.67 and its 200 day moving average is $113.89.

CRA International (NASDAQ:CRAI – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The business services provider reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.21). The firm had revenue of $144.98 million during the quarter, compared to analysts’ expectations of $148.52 million. CRA International had a return on equity of 20.65% and a net margin of 6.91%. Research analysts anticipate that CRA International will post 5.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CRAI has been the topic of a number of research reports. StockNews.com initiated coverage on shares of CRA International in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Barrington Research raised their target price on shares of CRA International from $130.00 to $133.00 in a research report on Wednesday, March 8th.

Insider Transactions at CRA International

In related news, Director Thomas Aiken Avery sold 1,000 shares of CRA International stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $111.11, for a total transaction of $111,110.00. Following the transaction, the director now directly owns 15,514 shares of the company’s stock, valued at $1,723,760.54. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On CRA International

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in CRA International by 3.7% during the first quarter. Rhumbline Advisers now owns 10,174 shares of the business services provider’s stock valued at $1,097,000 after buying an additional 363 shares during the period. Credit Suisse AG boosted its stake in CRA International by 32.3% in the fourth quarter. Credit Suisse AG now owns 6,323 shares of the business services provider’s stock valued at $774,000 after acquiring an additional 1,542 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in CRA International by 53.2% in the third quarter. UBS Asset Management Americas Inc. now owns 8,427 shares of the business services provider’s stock valued at $748,000 after acquiring an additional 2,925 shares in the last quarter. BNP Paribas Arbitrage SNC boosted its stake in CRA International by 22.8% in the first quarter. BNP Paribas Arbitrage SNC now owns 4,400 shares of the business services provider’s stock valued at $474,000 after acquiring an additional 816 shares in the last quarter. Finally, Dearborn Partners LLC boosted its stake in CRA International by 21.8% in the third quarter. Dearborn Partners LLC now owns 5,132 shares of the business services provider’s stock valued at $455,000 after acquiring an additional 920 shares in the last quarter. 85.57% of the stock is owned by hedge funds and other institutional investors.

CRA International Company Profile

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CRA International, Inc is a consulting firm, which engages in provision of economic, financial and management consulting services. It offers consulting services through the litigation, regulatory, financial, and management consulting areas. The company was founded in 1965 and is headquartered in Boston, MA.