Key Points
- Exponent VP Bradley James sold 2,000 shares on May 26 at an average price of $57.47, reducing his holdings by 64.41% to 1,105 shares.
- Exponent reported better-than-expected quarterly results, with EPS of $0.59 versus $0.56 expected and revenue of $166.3 million versus $149.53 million forecast, up 14.3% from a year ago.
- The company declared a quarterly dividend of $0.31 per share, payable June 18, representing a 2.2% annualized yield; analysts currently rate the stock a Moderate Buy with an average price target of $77.50.
Exponent, Inc. (NASDAQ:EXPO - Get Free Report) VP Bradley James sold 2,000 shares of the business's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $57.47, for a total value of $114,940.00. Following the completion of the transaction, the vice president directly owned 1,105 shares of the company's stock, valued at approximately $63,504.35. This trade represents a 64.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Exponent Stock Down 0.8%
EXPO stock opened at $57.08 on Thursday. The company has a market cap of $2.77 billion, a PE ratio of 26.55 and a beta of 0.78. The business has a 50-day simple moving average of $63.67 and a 200 day simple moving average of $69.06. Exponent, Inc. has a 52 week low of $51.91 and a 52 week high of $81.95.
Exponent (NASDAQ:EXPO - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.03. The business had revenue of $166.30 million during the quarter, compared to the consensus estimate of $149.53 million. Exponent had a return on equity of 27.94% and a net margin of 18.07%.Exponent's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 earnings per share. On average, analysts anticipate that Exponent, Inc. will post 2.28 EPS for the current fiscal year.
Exponent Dividend Announcement
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 $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, June 5th. Exponent's payout ratio is 57.67%.
Wall Street Analysts Forecast Growth
EXPO has been the subject of a number of analyst reports. UBS Group dropped their price target on Exponent from $85.00 to $75.00 and set a "neutral" rating for the company in a research note on Friday, May 1st. JPMorgan Chase & Co. dropped their price target on Exponent from $95.00 to $80.00 and set an "overweight" rating for the company in a research note on Friday, May 15th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Exponent in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $77.50.
Get Our Latest Stock Report on Exponent
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Bell Investment Advisors Inc raised its stake in Exponent by 423.6% during the first quarter. Bell Investment Advisors Inc now owns 377 shares of the business services provider's stock worth $25,000 after acquiring an additional 305 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Exponent by 97.0% during the third quarter. Hantz Financial Services Inc. now owns 396 shares of the business services provider's stock worth $28,000 after acquiring an additional 195 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Exponent during the third quarter worth about $33,000. Allworth Financial LP raised its stake in Exponent by 86.1% during the fourth quarter. Allworth Financial LP now owns 469 shares of the business services provider's stock worth $33,000 after acquiring an additional 217 shares in the last quarter. Finally, Winnow Wealth LLC acquired a new position in Exponent during the third quarter worth about $34,000. Institutional investors and hedge funds own 92.37% of the company's stock.
About Exponent
(
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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