Insider Selling: Exponent CFO Unloads 6,698 Shares of Stock (EXPO)
Exponent (NASDAQ:EXPO) CFO Richard Schlenker, Jr. unloaded 6,698 shares of Exponent stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $79.33, for a total transaction of $531,352.34. Following the sale, the chief financial officer now directly owns 99,303 shares in the company, valued at approximately $7,877,707. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at Zacks upgraded shares of Exponent from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, October 18th. They now have a $77.00 price target on the stock.
Shares of Exponent (NASDAQ:EXPO) traded down 0.86% on Tuesday, hitting $78.46. The stock had a trading volume of 20,411 shares. Exponent has a one year low of $47.17 and a one year high of $69.81. The stock’s 50-day moving average is $66.7 and its 200-day moving average is $58.6. The company has a market cap of $1.067 billion and a price-to-earnings ratio of 29.12.
Exponent (NASDAQ:EXPO) last released its earnings data on Wednesday, October 16th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.18. The company had revenue of $70.10 million for the quarter, compared to the consensus estimate of $67.15 million. On average, analysts predict that Exponent will post $2.71 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 20th. Investors of record on Friday, November 29th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Tuesday, November 26th.
Exponent, Inc is a science and engineering consulting firm that provides solutions to complex problems.
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