Key Points
- VP Richard Reiss sold 1,280 Exponent shares at an average price of $86.44, for about $110,643. After the sale, he directly owned 1,008 shares, a 55.94% reduction in his holdings.
- Exponent reported quarterly EPS of $0.64, beating the $0.60 consensus, and revenue of $173.73 million, above estimates of $149.64 million. Revenue rose 11.7% year over year.
- Analyst sentiment was moderately positive: the stock had a consensus “Moderate Buy” rating and a $91 average price target; JPMorgan raised its target to $100 and maintained an “overweight” rating.
Exponent, Inc. (NASDAQ:EXPO - Get Free Report) VP Richard Reiss sold 1,280 shares of the firm's stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $86.44, for a total value of $110,643.20. Following the transaction, the vice president directly owned 1,008 shares in the company, valued at $87,131.52. This trade represents a 55.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
Exponent Stock Up 1.7%
Shares of NASDAQ EXPO opened at $87.43 on Thursday. The stock has a market cap of $4.16 billion, a P/E ratio of 37.69 and a beta of 0.66. The firm's 50-day simple moving average is $71.17 and its 200 day simple moving average is $66.84. Exponent, Inc. has a fifty-two week low of $51.91 and a fifty-two week high of $88.17.
Exponent (NASDAQ:EXPO - Get Free Report) last announced its earnings results on Thursday, October 29th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.04. The firm had revenue of $173.73 million during the quarter, compared to analyst estimates of $149.64 million. Exponent had a net margin of 17.40% and a return on equity of 34.61%. Exponent's revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. On average, sell-side analysts anticipate that Exponent, Inc. will post 2.36 earnings per share for the current fiscal year.
Exponent Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, December 4th. Exponent's dividend payout ratio is currently 53.45%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on EXPO shares. Zacks Research upgraded shares of Exponent from a "hold" rating to a "strong-buy" rating in a report on Monday. Weiss Ratings raised Exponent from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, October 9th. JPMorgan Chase & Co. upped their target price on Exponent from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Friday, October 30th. Finally, UBS Group upped their target price on Exponent from $72.00 to $82.00 and gave the stock a "neutral" rating in a research report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $91.00.
Read Our Latest Research Report on EXPO
Institutional Trading of Exponent
Hedge funds and other institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Exponent during the second quarter valued at approximately $26,000. Public Employees Retirement System of Ohio acquired a new position in Exponent in the second quarter worth approximately $29,000. Bessemer Group Inc. grew its position in Exponent by 37.1% in the first 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. Allworth Financial LP acquired a new position in Exponent in the second quarter worth approximately $46,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Exponent by 36.4% in the third quarter. Farther Finance Advisors LLC now owns 959 shares of the business services provider's stock valued at $63,000 after buying an additional 256 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors.
Exponent Company Profile
(
Get Free Report)
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.
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