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

Charles River Associates (NASDAQ:CRAI) announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Tuesday, May 26th will be given 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 payment 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. Equities 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 Trading Down 8.9%

Shares of CRAI stock opened at $139.12 on Friday. The company has a market capitalization of $898.72 million, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.13 and a beta of 0.75. The business’s 50 day moving average is $161.81 and its two-hundred day moving average is $180.00. Charles River Associates has a twelve month low of $135.22 and a twelve month high of $227.29.

Charles River Associates (NASDAQ:CRAI) last released its quarterly earnings results on Thursday, May 7th. The business services provider reported $1.99 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.03). Charles River Associates had a return on equity of 26.15% and a net margin of 7.29%.The company had revenue of $200.98 million for the quarter, compared to analysts’ expectations of $193.81 million. As a group, equities analysts predict that Charles River Associates will post 8.43 earnings per share for the current fiscal 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.