BidaskClub upgraded shares of Exponent (NASDAQ:EXPO) from a buy rating to a strong-buy rating in a research note published on Saturday morning.
A number of other research analysts also recently commented on EXPO. Zacks Investment Research downgraded Exponent from a strong-buy rating to a hold rating in a research report on Tuesday, December 19th. SunTrust Banks upgraded Exponent from a hold rating to a buy rating and set a $84.00 target price for the company in a research report on Friday, January 26th. Finally, ValuEngine upgraded Exponent from a hold rating to a buy rating in a research report on Tuesday, April 3rd. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $84.67.
Shares of EXPO opened at $82.45 on Friday. The company has a market cap of $2,103.76, a price-to-earnings ratio of 38.53 and a beta of 0.62. Exponent has a 1 year low of $56.95 and a 1 year high of $82.50.
Exponent (NASDAQ:EXPO) last posted its earnings results on Thursday, February 1st. The business services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05. The firm had revenue of $82.72 million during the quarter, compared to the consensus estimate of $80.27 million. Exponent had a return on equity of 17.81% and a net margin of 11.88%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS. equities research analysts anticipate that Exponent will post 2.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd were given a dividend of $0.26 per share. This is an increase from Exponent’s previous quarterly dividend of $0.21. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Thursday, March 1st. Exponent’s dividend payout ratio is currently 48.60%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Exponent by 1.8% during the 4th quarter. BlackRock Inc. now owns 3,214,719 shares of the business services provider’s stock valued at $228,566,000 after acquiring an additional 57,546 shares during the last quarter. Conestoga Capital Advisors LLC lifted its position in Exponent by 13.8% in the fourth quarter. Conestoga Capital Advisors LLC now owns 973,140 shares of the business services provider’s stock worth $69,190,000 after buying an additional 118,350 shares during the last quarter. Renaissance Technologies LLC lifted its position in Exponent by 8.3% in the fourth quarter. Renaissance Technologies LLC now owns 523,600 shares of the business services provider’s stock worth $37,228,000 after buying an additional 40,168 shares during the last quarter. GW&K Investment Management LLC lifted its position in Exponent by 17.9% in the fourth quarter. GW&K Investment Management LLC now owns 496,857 shares of the business services provider’s stock worth $35,327,000 after buying an additional 75,277 shares during the last quarter. Finally, Teachers Advisors LLC lifted its position in Exponent by 22.1% in the fourth quarter. Teachers Advisors LLC now owns 286,976 shares of the business services provider’s stock worth $20,404,000 after buying an additional 51,980 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.
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Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.
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