Exponent, Inc. (NASDAQ:EXPO) – Equities researchers at Cantor Fitzgerald upped their FY2017 earnings estimates for Exponent in a research report issued on Thursday. Cantor Fitzgerald analyst J. Foresi now expects that the business services provider will post earnings per share of $1.96 for the year, up from their prior estimate of $1.83. Cantor Fitzgerald currently has a “Buy” rating and a $75.00 price objective on the stock. Cantor Fitzgerald also issued estimates for Exponent’s FY2018 earnings at $2.09 EPS.

A number of other research analysts have also commented on the company. Zacks Investment Research lowered Exponent from a “buy” rating to a “hold” rating in a report on Wednesday, April 19th. BidaskClub lowered Exponent from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. Finally, ValuEngine raised Exponent from a “sell” rating to a “hold” rating in a report on Thursday.

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Exponent (NASDAQ:EXPO) traded down 0.38% during trading on Friday, hitting $65.75. 36,276 shares of the stock were exchanged. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 36.55 and a beta of 0.60. Exponent has a one year low of $48.42 and a one year high of $68.30. The stock’s 50 day moving average is $59.23 and its 200-day moving average is $59.06.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Tuesday, July 18th. The business services provider reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.10. Exponent had a net margin of 15.94% and a return on equity of 16.52%. The business had revenue of $84.10 million for the quarter, compared to analysts’ expectations of $79.30 million. During the same period in the prior year, the company posted $0.38 EPS. The business’s revenue for the quarter was up 14.7% on a year-over-year basis.

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Wednesday, August 30th. Exponent’s dividend payout ratio (DPR) is 43.52%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXPO. Thrivent Financial for Lutherans boosted its stake in shares of Exponent by 5.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,870 shares of the business services provider’s stock valued at $836,000 after buying an additional 670 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of Exponent by 4.8% in the first quarter. Nationwide Fund Advisors now owns 159,560 shares of the business services provider’s stock valued at $9,502,000 after buying an additional 7,296 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Exponent by 21.8% in the first quarter. Bank of Montreal Can now owns 3,209 shares of the business services provider’s stock valued at $192,000 after buying an additional 575 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 valued at $619,000 after buying an additional 100 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Exponent by 8.1% in the fourth quarter. State Street Corp now owns 573,433 shares of the business services provider’s stock valued at $34,578,000 after buying an additional 43,132 shares during the last quarter. 90.22% of the stock is currently owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for Exponent (NASDAQ:EXPO)

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