Exponent, Inc. (NASDAQ:EXPO) Announces Quarterly Dividend of $0.31

Exponent, Inc. (NASDAQ:EXPO) declared a quarterly dividend on Thursday, October 29th. Investors of record on Friday, December 4th will be paid a dividend of $0.31 per share by the business services provider on Friday, December 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, December 4th.

Exponent has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 12 years. Exponent has a payout ratio of 57.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Exponent to earn $2.67 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 46.4%.

Exponent Stock Up 1.6%

Shares of NASDAQ:EXPO opened at $78.31 on Friday. Exponent has a 52-week low of $51.91 and a 52-week high of $81.95. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 35.12 and a beta of 0.69. The company has a 50 day moving average of $69.97 and a two-hundred day moving average of $66.61.

Exponent (NASDAQ:EXPO) last announced its quarterly earnings results on Thursday, October 29th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.04. The business had revenue of $173.73 million for the quarter, compared to the consensus estimate of $149.64 million. Exponent had a return on equity of 31.48% and a net margin of 17.67%. The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. On average, equities analysts anticipate that Exponent will post 2.31 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on EXPO. Weiss Ratings upgraded shares of Exponent from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. JPMorgan Chase & Co. lifted their price objective on Exponent from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, UBS Group set a $72.00 price target on Exponent and gave the company a “neutral” rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $81.00.

About Exponent

Exponent, Inc is a science and engineering consulting company that helps clients investigate complex technical issues, manage risks, and develop solutions. Its consultants work across disciplines including engineering, materials science, biomechanics, human factors, environmental science, health, data sciences, and economics.

The company provides failure analysis, product safety and testing, accident reconstruction, environmental and health assessments, regulatory support, and expert testimony.