Exponent, Inc. (NASDAQ:EXPO) Announces Quarterly Dividend of $0.28

Exponent, Inc. (NASDAQ:EXPO) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Friday, June 7th will be given a dividend of 0.28 per share by the business services provider on Friday, June 21st. This represents a $1.12 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Friday, June 7th.

Exponent has increased its dividend by an average of 11.0% per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Exponent has a payout ratio of 57.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Exponent to earn $1.96 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 57.1%.

Exponent Stock Performance

Exponent stock traded up $15.53 during mid-day trading on Friday, reaching $95.21. 997,258 shares of the company were exchanged, compared to its average volume of 220,354. Exponent has a twelve month low of $64.61 and a twelve month high of $102.72. The firm’s 50-day simple moving average is $79.93 and its two-hundred day simple moving average is $81.94. The firm has a market cap of $4.82 billion, a PE ratio of 48.09 and a beta of 0.68.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. Exponent had a return on equity of 28.50% and a net margin of 18.72%. The company had revenue of $137.21 million during the quarter, compared to analysts’ expectations of $125.98 million. During the same period last year, the firm earned $0.56 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that Exponent will post 1.76 EPS for the current year.

Analyst Upgrades and Downgrades

EXPO has been the subject of a number of recent research reports. Truist Financial decreased their price objective on Exponent from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. StockNews.com raised Exponent from a “sell” rating to a “hold” rating in a research report on Monday, March 4th.

Insider Transactions at Exponent

In other news, insider Eric Guyer sold 3,367 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $78.49, for a total transaction of $264,275.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

Exponent Company Profile

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company in the United States and internationally. The company operates in two segments, Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering and sciences, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences, and vehicle engineering.