CRA International, Inc. Announces Quarterly Dividend of $0.20 (CRAI)

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CRA International, Inc. (NASDAQ:CRAI) announced a quarterly dividend on Friday, May 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, May 28th will be given a dividend of 0.20 per share by the business services provider on Friday, June 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Friday, May 24th.

Shares of NASDAQ:CRAI opened at $39.47 on Friday. CRA International has a twelve month low of $37.60 and a twelve month high of $58.75. The company has a market cap of $317.37 million, a P/E ratio of 14.62 and a beta of 0.89. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.48.

CRA International (NASDAQ:CRAI) last announced its earnings results on Thursday, May 2nd. The business services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.07). CRA International had a net margin of 5.25% and a return on equity of 11.60%. The business had revenue of $105.85 million for the quarter, compared to the consensus estimate of $105.92 million. During the same quarter in the previous year, the company earned $0.72 EPS. CRA International’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities research analysts forecast that CRA International will post 2.55 earnings per share for the current fiscal year.

In related news, insider Paul A. Maleh sold 25,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $48.46, for a total transaction of $1,211,500.00. Following the completion of the sale, the insider now owns 119,870 shares in the company, valued at approximately $5,808,900.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rowland Moriarty sold 3,500 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $50.06, for a total value of $175,210.00. Following the sale, the director now owns 32,632 shares of the company’s stock, valued at approximately $1,633,557.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,000 shares of company stock valued at $2,225,747. 4.70% of the stock is owned by corporate insiders.

CRAI has been the subject of several recent analyst reports. ValuEngine upgraded CRA International from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. BidaskClub upgraded CRA International from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Finally, Zacks Investment Research upgraded CRA International from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Tuesday, January 29th.

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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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Dividend History for CRA International (NASDAQ:CRAI)

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