Analysts expect Exponent, Inc. (NASDAQ:EXPO) to report $87.68 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Exponent’s earnings, with the highest sales estimate coming in at $88.30 million and the lowest estimate coming in at $87.05 million. Exponent posted sales of $80.47 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9%. The company is expected to report its next quarterly earnings results on Wednesday, April 18th.
On average, analysts expect that Exponent will report full year sales of $87.68 million for the current year, with estimates ranging from $346.80 million to $356.38 million. For the next financial year, analysts anticipate that the company will report sales of $384.79 million per share. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Exponent.
Exponent (NASDAQ:EXPO) last issued its earnings results on Thursday, February 1st. The business services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Exponent had a net margin of 11.88% and a return on equity of 17.81%. The firm had revenue of $82.72 million during the quarter, compared to the consensus estimate of $80.27 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The business’s quarterly revenue was up 13.7% on a year-over-year basis.
EXPO has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $82.00 target price on shares of Exponent in a research note on Sunday, November 5th. BidaskClub downgraded shares of Exponent from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Zacks Investment Research downgraded shares of Exponent from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, SunTrust Banks raised shares of Exponent from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research note on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $82.67.
Several hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in shares of Exponent by 0.4% during the second quarter. Public Employees Retirement System of Ohio now owns 63,306 shares of the business services provider’s stock worth $3,691,000 after acquiring an additional 256 shares in the last quarter. Advisor Group Inc. increased its position in shares of Exponent by 15.4% during the second quarter. Advisor Group Inc. now owns 2,131 shares of the business services provider’s stock worth $124,000 after acquiring an additional 284 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Exponent by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 20,448 shares of the business services provider’s stock worth $1,192,000 after acquiring an additional 434 shares in the last quarter. US Bancorp DE increased its position in shares of Exponent by 10.8% during the fourth quarter. US Bancorp DE now owns 7,979 shares of the business services provider’s stock worth $567,000 after acquiring an additional 779 shares in the last quarter. Finally, TD Asset Management Inc. increased its position in shares of Exponent by 6.1% during the third quarter. TD Asset Management Inc. now owns 13,900 shares of the business services provider’s stock worth $1,027,000 after acquiring an additional 800 shares in the last quarter. 91.42% of the stock is owned by institutional investors.
Shares of Exponent (NASDAQ EXPO) traded up $0.75 during trading hours on Monday, reaching $76.25. 78,400 shares of the company’s stock traded hands, compared to its average volume of 93,500. Exponent has a 1 year low of $56.95 and a 1 year high of $78.39. The company has a market capitalization of $1,948.71, a P/E ratio of 39.53 and a beta of 0.72.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be given a dividend of $0.26 per share. This is an increase from Exponent’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.04 annualized dividend and a dividend yield of 1.36%. Exponent’s dividend payout ratio is currently 55.26%.
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Exponent Company Profile
Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.
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