Charles River Associates (NASDAQ:CRAI) Declares Quarterly Dividend of $0.57

Key Points

• Charles River Associates declared a quarterly dividend of $0.57 per share (record date May 26, payable June 12), implying a $2.28 annual dividend and ~1.6% yield; the payout ratio is about 26.6% and the company has raised its dividend for seven consecutive years.
• CRAI reported Q earnings of $1.99 EPS (missing by $0.03) while revenue beat at $200.98M, and the stock fell roughly $13.52 to $139.12 on the day; the company trades at a ~17.1 P/E with a market cap near $899M.

Charles River Associates (NASDAQ:CRAI - Get Free Report) declared a quarterly dividend on Thursday, May 7th. Shareholders of record on Tuesday, May 26th will be paid a dividend of 0.57 per share by the business services provider on Friday, June 12th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, May 26th.

Charles River Associates has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 7 years. Charles River Associates has a payout ratio of 26.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Charles River Associates to earn $9.37 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 24.3%.

Charles River Associates Stock Performance

Shares of CRAI stock traded down $13.52 during mid-day trading on Thursday, hitting $139.12. 230,754 shares of the stock traded hands, compared to its average volume of 169,280. Charles River Associates has a twelve month low of $135.22 and a twelve month high of $227.29. The company's 50-day simple moving average is $162.16 and its 200-day simple moving average is $180.30. The firm has a market cap of $898.72 million, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.20 and a beta of 0.75.

Charles River Associates (NASDAQ:CRAI - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The business services provider reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.03). Charles River Associates had a net margin of 7.29% and a return on equity of 26.15%. The firm had revenue of $200.98 million during the quarter, compared to analyst estimates of $193.81 million. Analysts forecast that Charles River Associates will post 8.43 earnings per share for the current year.

Insider Activity at Charles River Associates

In other news, EVP Jonathan D. Yellin sold 2,250 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $182.27, for a total transaction of $410,107.50. Following the completion of the sale, the executive vice president owned 14,046 shares in the company, valued at approximately $2,560,164.42. This represents a 13.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.50% of the company's stock.

Hedge Funds Weigh In On Charles River Associates

Hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp purchased a new stake in shares of Charles River Associates during the first quarter valued at $27,000. Entropy Technologies LP purchased a new position in Charles River Associates in the 4th quarter worth about $401,000. Russell Investments Group Ltd. increased its stake in Charles River Associates by 8.2% in the 4th quarter. Russell Investments Group Ltd. now owns 4,180 shares of the business services provider's stock worth $839,000 after purchasing an additional 318 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in Charles River Associates by 3.1% during the 4th quarter. Arkadios Wealth Advisors now owns 4,388 shares of the business services provider's stock worth $881,000 after buying an additional 134 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in Charles River Associates by 154.3% during the 3rd quarter. New York State Common Retirement Fund now owns 5,995 shares of the business services provider's stock worth $1,250,000 after buying an additional 3,638 shares during the period. 84.13% of the stock is currently owned by institutional investors and hedge funds.

About Charles River Associates

Charles River Associates NASDAQ: CRAI is a global consulting firm specializing in economic, financial and management advisory services. Founded in 1965 and headquartered in Boston, Massachusetts, the company provides expert analysis to support litigation, regulatory proceedings, and strategic decision-making. Its multidisciplinary teams draw on academic rigor and industry experience to deliver quantitative and qualitative insights tailored to clients' needs.

The firm's service offerings include competition economics, antitrust and merger analysis, intellectual property valuation and damages assessment, and risk management.

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