Key Points
- Exponent VP Shukri Souri bought 184 shares at an average price of $68.45, increasing their direct stake to 40,873 shares valued at approximately $2.8 million.
- Exponent shares opened at $66.22, with a market capitalization of $3.15 billion. The company recently beat quarterly earnings and revenue expectations, reporting $0.60 EPS and $171.61 million in revenue, up 12% year over year.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $81, while the company pays a quarterly dividend of $0.31, equivalent to a 1.9% annual yield.
Exponent, Inc. (NASDAQ:EXPO - Get Free Report) VP Shukri Souri bought 184 shares of the business's stock in a transaction that occurred on Friday, September 18th. The shares were acquired at an average price of $68.45 per share, with a total value of $12,594.80. Following the transaction, the vice president directly owned 40,873 shares of the company's stock, valued at $2,797,756.85. This represents a 0.45% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Exponent Trading Down 1.3%
Shares of EXPO opened at $66.22 on Wednesday. The business's 50 day moving average is $67.08 and its 200 day moving average is $64.14. Exponent, Inc. has a 12-month low of $51.91 and a 12-month high of $81.95. The company has a market capitalization of $3.15 billion, a PE ratio of 29.70 and a beta of 0.68.
Exponent (NASDAQ:EXPO - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The business services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.05. Exponent had a return on equity of 31.48% and a net margin of 17.67%.The business had revenue of $171.61 million during the quarter, compared to the consensus estimate of $144.99 million. During the same period in the prior year, the company posted $0.52 EPS. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. Equities research analysts predict that Exponent, Inc. will post 2.31 earnings per share for the current year.
Exponent Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, September 4th. Exponent's payout ratio is currently 55.61%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of EXPO. 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 valued at $25,000 after purchasing an additional 305 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Exponent during the second quarter valued at $26,000. Public Employees Retirement System of Ohio purchased a new position in shares of Exponent in the 2nd quarter worth $29,000. Allworth Financial LP grew its stake in shares of Exponent by 86.1% in the 4th quarter. Allworth Financial LP now owns 469 shares of the business services provider's stock worth $33,000 after buying an additional 217 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Exponent by 37.1% in the 1st quarter. Bessemer Group Inc. now owns 717 shares of the business services provider's stock worth $47,000 after buying an additional 194 shares during the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Weiss Ratings reissued a "hold (c-)" rating on shares of Exponent in a report on Friday, July 17th. UBS Group set a $72.00 target price on Exponent and gave the stock a "neutral" rating in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. boosted their target price on Exponent from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Exponent currently has a consensus rating of "Moderate Buy" and an average price target of $81.00.
Get Our Latest Research Report on EXPO
Exponent Company Profile
(
Get Free Report)
Exponent, Inc is a multidisciplinary engineering and scientific consulting company that helps clients investigate complex technical issues, manage risk and improve the safety, performance and reliability of products, systems and operations. Its work commonly involves failure analysis, accident reconstruction, product liability, materials and structures, biomechanics, environmental sciences and health, and human factors.
The company provides consulting, testing, research and expert-witness services to businesses, insurers, law firms and government agencies.
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