Charles River Associates Plans Quarterly Dividend of $0.49 (NASDAQ:CRAI)

Key Points

• Charles River Associates has announced a quarterly dividend of $0.49 per share, payable on September 12th, with a projected annualized dividend of $1.96 and a yield of 1.17%.
• The company reported earnings of $1.88 per share for the last quarter, surpassing analysts' expectations, and has a payout ratio of 22.8% which indicates its dividends are well-supported by earnings.
• Shares of Charles River Associates have recently traded down by 2.9%, reaching $168.00, with analysts maintaining a positive outlook as several firms have raised their ratings and target prices for the stock.

Charles River Associates (NASDAQ:CRAI - Get Free Report) declared a quarterly dividend on Thursday, July 31st, RTT News reports. Stockholders of record on Tuesday, August 26th will be given a dividend of 0.49 per share by the business services provider on Friday, September 12th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, August 26th.

Charles River Associates has a payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Charles River Associates to earn $7.77 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 25.2%.

Charles River Associates Trading Down 3.7%

CRAI traded down $6.50 on Friday, hitting $170.16. The company had a trading volume of 101,828 shares, compared to its average volume of 113,626. The company's fifty day moving average price is $185.65 and its 200 day moving average price is $182.15. Charles River Associates has a 1 year low of $133.54 and a 1 year high of $214.01. The firm has a market cap of $1.16 billion, a P/E ratio of 20.60, a PEG ratio of 1.33 and a beta of 0.91.

Charles River Associates (NASDAQ:CRAI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.05. Charles River Associates had a net margin of 7.93% and a return on equity of 24.99%. The business had revenue of $186.88 million for the quarter, compared to the consensus estimate of $180.34 million. On average, analysts predict that Charles River Associates will post 7.52 earnings per share for the current year.

Analyst Ratings Changes

CRAI has been the subject of a number of research reports. Wall Street Zen cut Charles River Associates from a "buy" rating to a "hold" rating in a research note on Saturday. Barrington Research lifted their target price on Charles River Associates from $224.00 to $228.00 and gave the company an "outperform" rating in a research report on Wednesday, May 21st.

About Charles River Associates

CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.