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

Key Points

• Charles River Associates declared a quarterly dividend of $0.57 per share, payable September 14 to shareholders of record August 25. The dividend yields approximately 1.3%, and the company has increased payouts for seven consecutive years.
• The dividend appears well covered, with a current payout ratio of 26.6% and an expected future payout ratio of 24.1% based on projected earnings.
• In its latest quarter, CRAI reported $2.16 in earnings per share and $210.81 million in revenue, exceeding analyst estimates of $2.15 and $198.91 million, respectively.

Charles River Associates (NASDAQ:CRAI - Get Free Report) declared a quarterly dividend on Thursday, August 6th. Investors of record on Tuesday, August 25th will be paid a dividend of 0.57 per share by the business services provider on Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, August 25th.

Charles River Associates has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Charles River Associates has a dividend payout ratio of 26.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Charles River Associates to earn $9.47 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 24.1%.

Charles River Associates Trading Down 0.1%

Charles River Associates stock traded down $0.14 on Thursday, hitting $176.46. 265,349 shares of the stock traded hands, compared to its average volume of 167,648. The firm has a market cap of $1.14 billion, a P/E ratio of 24.51, a price-to-earnings-growth ratio of 1.33 and a beta of 0.66. Charles River Associates has a 1 year low of $132.17 and a 1 year high of $227.29. The business's fifty day simple moving average is $156.55 and its 200 day simple moving average is $162.11.

Charles River Associates (NASDAQ:CRAI - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.01. Charles River Associates had a return on equity of 26.02% and a net margin of 6.22%.The firm had revenue of $210.81 million during the quarter, compared to the consensus estimate of $198.91 million. As a group, analysts predict that Charles River Associates will post 8.52 earnings per share for the current year.

Charles River Associates Company Profile

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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