Key Points
- Exponent VP Joseph Sala sold 2,066 shares on May 13 at an average price of $56.66, totaling about $117,060.
- The stock was trading lower, opening at $54.54 and sitting well below its 50-day and 200-day moving averages of $66.50 and $69.96, respectively.
- Exponent recently beat quarterly expectations, reporting $0.59 EPS on $166.3 million in revenue, and it also announced a quarterly dividend of $0.31 per share payable June 18.
Exponent, Inc. (NASDAQ:EXPO - Get Free Report) VP Joseph Sala sold 2,066 shares of the firm's stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $56.66, for a total transaction of $117,059.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Exponent Trading Down 4.6%
Shares of EXPO opened at $54.54 on Thursday. Exponent, Inc. has a twelve month low of $51.91 and a twelve month high of $81.95. The firm's fifty day simple moving average is $66.50 and its 200-day simple moving average is $69.96. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 25.37 and a beta of 0.78.
Exponent (NASDAQ:EXPO - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.03. Exponent had a net margin of 18.07% and a return on equity of 27.94%. The business had revenue of $166.30 million for the quarter, compared to analyst estimates of $149.53 million. During the same period last year, the business earned $0.52 EPS. The company's revenue was up 14.3% on a year-over-year basis. On average, analysts predict that Exponent, Inc. will post 2.28 earnings per share for the current fiscal year.
Exponent Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, June 5th. Exponent's dividend payout ratio (DPR) is currently 57.67%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of EXPO. United Services Automobile Association purchased a new position in Exponent during the 1st quarter worth $270,000. Jane Street Group LLC grew its position in Exponent by 1,481.0% during the 1st quarter. Jane Street Group LLC now owns 127,222 shares of the business services provider's stock worth $10,313,000 after purchasing an additional 119,175 shares during the last quarter. Invesco Ltd. grew its position in Exponent by 3.3% during the 2nd quarter. Invesco Ltd. now owns 554,733 shares of the business services provider's stock worth $41,444,000 after purchasing an additional 17,930 shares during the last quarter. First Trust Advisors LP purchased a new position in Exponent during the 2nd quarter worth $18,377,000. Finally, Walleye Capital LLC grew its position in Exponent by 7.5% during the 2nd quarter. Walleye Capital LLC now owns 6,623 shares of the business services provider's stock worth $495,000 after purchasing an additional 464 shares during the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently commented on EXPO. JPMorgan Chase & Co. cut their price target on shares of Exponent from $100.00 to $95.00 and set an "overweight" rating on the stock in a research note on Thursday, March 26th. UBS Group cut their price target on shares of Exponent from $85.00 to $75.00 and set a "neutral" rating on the stock in a research note on Friday, May 1st. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Exponent in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $85.00.
Get Our Latest Research Report on Exponent
Exponent Company Profile
(
Get Free Report)
Exponent, Inc (NASDAQ: EXPO) is an engineering and scientific consulting firm that offers multidisciplinary analysis and advisory services to clients across a range of industries. The company's expertise spans mechanical, materials and corrosion engineering, civil and structural engineering, electrical engineering, industrial hygiene, toxicology and health sciences, and failure analysis. Exponent provides support for product design, performance evaluation, litigation consulting, and regulatory compliance, helping manufacturers, insurers, law firms and government agencies address complex technical challenges.
Founded in 1967 in Menlo Park, California, Exponent has grown from a small failure-analysis laboratory into a global consulting practice.
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