Exponent, Inc. (NASDAQ:EXPO) – Stock analysts at Cantor Fitzgerald upped their FY2017 earnings per share estimates for Exponent in a research note issued to investors on Tuesday. Cantor Fitzgerald analyst J. Foresi now forecasts that the business services provider will post earnings of $1.83 per share for the year, up from their previous forecast of $1.77. Cantor Fitzgerald currently has a “Overweight” rating and a $69.00 price target on the stock.

Separately, Zacks Investment Research cut shares of Exponent from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th.

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Shares of Exponent (NASDAQ:EXPO) traded down 1.36% during trading on Thursday, hitting $60.05. 14,128 shares of the stock were exchanged. Exponent has a 12-month low of $45.00 and a 12-month high of $64.80. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 33.38 and a beta of 0.63. The stock’s 50 day moving average is $59.76 and its 200-day moving average is $59.34.

Exponent (NASDAQ:EXPO) last issued its earnings results on Wednesday, April 19th. The business services provider reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.09. Exponent had a net margin of 15.07% and a return on equity of 15.76%. The business had revenue of $80.47 million during the quarter, compared to analysts’ expectations of $79.32 million. During the same period in the prior year, the business posted $0.56 EPS. The business’s revenue was up 1.9% on a year-over-year basis.

Several hedge funds have recently modified their holdings of EXPO. State of Alaska Department of Revenue boosted its stake in shares of Exponent by 0.7% in the first quarter. State of Alaska Department of Revenue now owns 2,830 shares of the business services provider’s stock worth $168,000 after buying an additional 20 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Exponent by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,760 shares of the business services provider’s stock worth $294,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Exponent by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the business services provider’s stock worth $619,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Exponent by 0.8% in the first quarter. Arizona State Retirement System now owns 13,296 shares of the business services provider’s stock worth $792,000 after buying an additional 100 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Exponent by 0.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 43,249 shares of the business services provider’s stock worth $2,608,000 after buying an additional 126 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 9th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, June 7th. Exponent’s payout ratio is 41.14%.

Exponent Company Profile

Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.

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