Exponent, Inc. (NASDAQ:EXPO) has earned a consensus broker rating score of 1.67 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and two have issued a strong buy rating on the company.
Brokers have set a one year consensus price target of $49.75 for the company and are anticipating that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also given Exponent an industry rank of 200 out of 255 based on the ratings given to its competitors.
EXPO has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Exponent from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. BidaskClub upgraded shares of Exponent from a “hold” rating to a “buy” rating in a report on Saturday, March 10th. ValuEngine upgraded shares of Exponent from a “hold” rating to a “buy” rating in a report on Tuesday, April 3rd. Cantor Fitzgerald restated a “buy” rating and set a $24.00 price objective on shares of Exponent in a report on Friday, April 20th. Finally, SunTrust Banks boosted their price objective on shares of Exponent to $23.75 and gave the company a “buy” rating in a report on Monday, April 23rd.
Shares of NASDAQ:EXPO opened at $48.95 on Tuesday. The company has a market cap of $2.55 billion, a PE ratio of 45.96 and a beta of 0.64. Exponent has a one year low of $28.48 and a one year high of $52.63.
Exponent (NASDAQ:EXPO) last issued its quarterly earnings data on Thursday, April 19th. The business services provider reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. The firm had revenue of $96.50 million during the quarter, compared to analysts’ expectations of $87.54 million. Exponent had a net margin of 12.52% and a return on equity of 19.47%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. research analysts expect that Exponent will post 1.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 22nd. Shareholders of record on Friday, June 8th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Thursday, June 7th. Exponent’s payout ratio is currently 48.60%.
In other Exponent news, President Catherine Corrigan sold 4,449 shares of Exponent stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $89.53, for a total value of $398,318.97. Following the transaction, the president now owns 27,189 shares of the company’s stock, valued at $2,434,231.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Richard L. Schlenker, Jr. sold 29,074 shares of Exponent stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $88.40, for a total transaction of $2,570,141.60. Following the completion of the transaction, the chief financial officer now directly owns 193,363 shares in the company, valued at approximately $17,093,289.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,262 shares of company stock worth $3,586,801. Insiders own 2.80% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. We Are One Seven LLC lifted its position in shares of Exponent by 259.4% in the first quarter. We Are One Seven LLC now owns 1,434 shares of the business services provider’s stock worth $113,000 after purchasing an additional 1,035 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Exponent in the first quarter worth $205,000. Stifel Financial Corp bought a new stake in shares of Exponent in the first quarter worth $270,000. Capital Fund Management S.A. bought a new stake in shares of Exponent in the fourth quarter worth $277,000. Finally, Global X Management Co. LLC lifted its position in shares of Exponent by 197.6% in the first quarter. Global X Management Co. LLC now owns 3,991 shares of the business services provider’s stock worth $314,000 after purchasing an additional 2,650 shares in the last quarter. 43.59% of the stock is currently owned by institutional investors and hedge funds.
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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