$0.41 Earnings Per Share Expected for Exponent, Inc. (NASDAQ:EXPO) This Quarter
Analysts forecast that Exponent, Inc. (NASDAQ:EXPO) will post earnings per share of $0.41 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Exponent’s earnings, with estimates ranging from $0.39 to $0.42. Exponent reported earnings of $0.38 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.9%. The firm is expected to report its next earnings report after the market closes on Tuesday, July 18th.
According to Zacks, analysts expect that Exponent will report full year earnings of $1.82 per share for the current financial year, with EPS estimates ranging from $1.81 to $1.83. For the next financial year, analysts forecast that the business will post earnings of $1.89 per share, with EPS estimates ranging from $1.82 to $1.94. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Exponent.
Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Wednesday, April 19th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.09. Exponent had a return on equity of 15.47% and a net margin of 15.41%. The company had revenue of $80.47 million for the quarter, compared to the consensus estimate of $79.32 million. During the same quarter in the previous year, the firm posted $0.56 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year.
Several brokerages have recently weighed in on EXPO. BidaskClub raised shares of Exponent from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Zacks Investment Research lowered shares of Exponent from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $69.00 price target (up from $64.00) on shares of Exponent in a research report on Saturday, April 22nd.
Exponent (NASDAQ EXPO) traded down 0.26% on Tuesday, hitting $57.45. 84,560 shares of the stock traded hands. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 31.93 and a beta of 0.60. The firm’s 50 day moving average is $59.51 and its 200 day moving average is $59.26. Exponent has a 52 week low of $45.00 and a 52 week high of $64.80.
The company also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, June 9th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.46%. The ex-dividend date was Wednesday, June 7th. Exponent’s dividend payout ratio is currently 46.67%.
A number of institutional investors have recently added to or reduced their stakes in EXPO. Russell Investments Group Ltd. purchased a new position in Exponent during the fourth quarter valued at approximately $3,401,000. Comerica Bank increased its stake in Exponent by 3.7% in the fourth quarter. Comerica Bank now owns 28,258 shares of the business services provider’s stock worth $1,661,000 after buying an additional 1,003 shares during the last quarter. State Street Corp increased its stake in Exponent by 8.1% in the fourth quarter. State Street Corp now owns 573,433 shares of the business services provider’s stock worth $34,578,000 after buying an additional 43,132 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Exponent by 5.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,870 shares of the business services provider’s stock worth $836,000 after buying an additional 670 shares during the last quarter. Finally, Norges Bank bought a new stake in Exponent during the fourth quarter worth $14,612,000. 89.95% of the stock is currently owned by hedge funds and other institutional investors.
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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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