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

Charles River Associates (NASDAQ:CRAI) announced 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) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, August 25th.

Charles River Associates has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 7 years. Charles River Associates has a dividend payout ratio of 26.6% meaning its dividend is sufficiently covered by earnings. Equities research 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%

CRAI stock traded down $0.14 during mid-day trading on Thursday, reaching $176.46. The company’s stock had a trading volume of 265,349 shares, compared to its average volume of 167,648. Charles River Associates has a fifty-two week low of $132.17 and a fifty-two week high of $227.29. The stock has a market cap of $1.14 billion, a PE ratio of 24.51, a P/E/G ratio of 1.33 and a beta of 0.66. The company’s 50 day moving average is $156.55 and its two-hundred day moving average is $162.11.

Charles River Associates (NASDAQ:CRAI) last posted its 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 net margin of 6.22% and a return on equity of 26.02%. The company had revenue of $210.81 million for the quarter, compared to analyst estimates of $198.91 million. On average, analysts forecast that Charles River Associates will post 8.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Charles River Associates from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Charles River Associates currently has an average rating of “Moderate Buy” and an average price target of $245.00.

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.