Equities analysts expect Exponent, Inc. (NASDAQ:EXPO) to post $0.35 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Exponent’s earnings. Exponent reported earnings per share of $0.31 during the same quarter last year, which suggests a positive year-over-year growth rate of 12.9%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, April 18th.
According to Zacks, analysts expect that Exponent will report full year earnings of $1.37 per share for the current year, with EPS estimates ranging from $1.36 to $1.39. For the next year, analysts anticipate that the company will post earnings of $1.50 per share, with EPS estimates ranging from $1.48 to $1.51. Zacks’ EPS calculations are an average based on a survey of research firms that cover Exponent.
Exponent (NASDAQ:EXPO) last announced its quarterly earnings results on Thursday, January 31st. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. Exponent had a net margin of 19.04% and a return on equity of 21.53%. The firm had revenue of $85.27 million during the quarter, compared to the consensus estimate of $88.21 million.
EXPO has been the subject of several analyst reports. ValuEngine raised shares of Exponent from a “sell” rating to a “hold” rating in a report on Thursday, December 13th. BidaskClub downgraded shares of Exponent from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. Finally, Zacks Investment Research downgraded shares of Exponent from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $56.00.
EXPO stock traded down $0.20 during trading on Wednesday, hitting $56.69. 126,888 shares of the stock traded hands, compared to its average volume of 189,725. Exponent has a one year low of $38.83 and a one year high of $58.42. The company has a market capitalization of $2.97 billion, a P/E ratio of 45.35 and a beta of 0.47.
The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Exponent’s previous quarterly dividend of $0.13. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.13%. Exponent’s payout ratio is currently 51.20%.
In other Exponent news, insider Harri Kytomaa sold 2,366 shares of the business’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $56.27, for a total value of $133,134.82. Following the completion of the transaction, the insider now directly owns 3,816 shares of the company’s stock, valued at $214,726.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of Exponent by 0.3% in the fourth quarter. BlackRock Inc. now owns 7,502,036 shares of the business services provider’s stock worth $380,427,000 after acquiring an additional 20,319 shares during the last quarter. Vanguard Group Inc. grew its position in Exponent by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,147,145 shares of the business services provider’s stock worth $275,887,000 after purchasing an additional 139,183 shares during the last quarter. Vanguard Group Inc grew its position in Exponent by 2.8% in the 3rd quarter. Vanguard Group Inc now owns 5,147,145 shares of the business services provider’s stock worth $275,887,000 after purchasing an additional 139,183 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in Exponent by 2.6% in the 4th quarter. Conestoga Capital Advisors LLC now owns 2,310,721 shares of the business services provider’s stock worth $117,177,000 after purchasing an additional 57,955 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Exponent by 2.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 779,747 shares of the business services provider’s stock worth $41,794,000 after purchasing an additional 20,703 shares during the last quarter. 90.41% of the stock is owned by institutional investors.
Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.
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