Exponent (NASDAQ:EXPO)’s share price hit a new 52-week high and low during mid-day trading on Wednesday . The company traded as low as $84.75 and last traded at $84.55, with a volume of 23518 shares changing hands. The stock had previously closed at $83.40.
A number of brokerages have recently weighed in on EXPO. Zacks Investment Research upgraded Exponent from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Tuesday, January 23rd. ValuEngine upgraded Exponent from a “hold” rating to a “buy” rating in a report on Tuesday, April 3rd. BidaskClub upgraded Exponent from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Finally, SunTrust Banks upgraded Exponent from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Friday, January 26th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Exponent presently has a consensus rating of “Buy” and a consensus target price of $84.67.
The firm has a market cap of $2,144.07, a price-to-earnings ratio of 39.60 and a beta of 0.62.
Exponent (NASDAQ:EXPO) last issued its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate 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 firm’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 EPS. research analysts predict that Exponent will post 2.41 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 2nd were paid 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 yield of 1.23%. The ex-dividend date of this dividend was Thursday, March 1st. Exponent’s dividend payout ratio is presently 48.60%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new position in Exponent during the 3rd quarter worth $242,000. Stifel Financial Corp bought a new position in Exponent during the 3rd quarter worth $249,000. Capital Fund Management S.A. bought a new position in Exponent during the 4th quarter worth $277,000. OppenheimerFunds Inc. grew its stake in Exponent by 22.5% during the 4th quarter. OppenheimerFunds Inc. now owns 4,428 shares of the business services provider’s stock worth $315,000 after buying an additional 813 shares during the last quarter. Finally, USA Financial Portformulas Corp bought a new position in Exponent during the 4th quarter worth $369,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.
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Exponent Company Profile
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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