FY2017 EPS Estimates for Exponent, Inc. (EXPO) Lifted by SunTrust Banks
Exponent, Inc. (NASDAQ:EXPO) – Stock analysts at SunTrust Banks raised their FY2017 earnings per share (EPS) estimates for Exponent in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst T. Sommer now expects that the business services provider will post earnings per share of $1.90 for the year, up from their previous forecast of $1.82. SunTrust Banks also issued estimates for Exponent’s Q1 2018 earnings at $0.46 EPS, Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.44 EPS and Q4 2018 earnings at $0.44 EPS.
Exponent (NASDAQ:EXPO) last issued its quarterly earnings data on Tuesday, July 18th. The business services provider reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.10. The company had revenue of $84.10 million for the quarter, compared to analysts’ expectations of $79.30 million. Exponent had a return on equity of 16.74% and a net margin of 15.94%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share.
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A number of other research firms have also recently issued reports on EXPO. Cantor Fitzgerald restated an “overweight” rating and set a $69.00 price target (up from $64.00) on shares of Exponent in a report on Saturday, April 22nd. Zacks Investment Research cut shares of Exponent from a “buy” rating to a “hold” rating in a report on Wednesday, April 19th. Finally, BidaskClub lowered shares of Exponent from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th.
Shares of Exponent (NASDAQ EXPO) opened at 66.05 on Thursday. The stock’s 50 day moving average price is $59.04 and its 200-day moving average price is $59.01. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 36.71 and a beta of 0.60. Exponent has a 12 month low of $48.42 and a 12 month high of $68.30.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Wednesday, August 30th. Exponent’s payout ratio is 43.52%.
Hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Exponent by 41,234.4% in the first quarter. BlackRock Inc. now owns 3,080,242 shares of the business services provider’s stock valued at $183,428,000 after buying an additional 3,072,790 shares during the last quarter. Norges Bank bought a new stake in Exponent during the fourth quarter valued at approximately $14,612,000. Schroder Investment Management Group bought a new stake in Exponent during the first quarter valued at approximately $6,312,000. Vanguard Group Inc. boosted its stake in Exponent by 3.9% in the first quarter. Vanguard Group Inc. now owns 2,176,141 shares of the business services provider’s stock valued at $129,590,000 after buying an additional 81,811 shares during the period. Finally, GW&K Investment Management LLC boosted its stake in Exponent by 20.4% in the second quarter. GW&K Investment Management LLC now owns 407,557 shares of the business services provider’s stock valued at $23,761,000 after buying an additional 68,938 shares during the period. 90.22% of the stock is owned by institutional investors.
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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