Exponent, Inc. (EXPO) CEO Sells $270,960.00 in Stock
Exponent, Inc. (NASDAQ:EXPO) CEO Paul R. Johnston sold 4,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $67.74, for a total transaction of $270,960.00. Following the completion of the transaction, the chief executive officer now owns 53,240 shares in the company, valued at $3,606,477.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Exponent, Inc. (NASDAQ:EXPO) traded up 1.45% during midday trading on Thursday, hitting $69.90. 31,745 shares of the stock were exchanged. Exponent, Inc. has a 1-year low of $48.42 and a 1-year high of $69.90. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 36.24 and a beta of 0.62. The stock’s 50-day moving average price is $65.78 and its 200-day moving average price is $60.91.
Exponent (NASDAQ:EXPO) last announced its quarterly earnings data on Tuesday, July 18th. The business services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.10. Exponent had a return on equity of 16.52% and a net margin of 15.94%. The company had revenue of $84.10 million during the quarter, compared to analyst estimates of $79.30 million. During the same quarter last year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, analysts forecast that Exponent, Inc. will post $1.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, August 30th. Exponent’s dividend payout ratio (DPR) is currently 43.52%.
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Several research firms have commented on EXPO. Cantor Fitzgerald reiterated a “buy” rating and issued a $75.00 price objective on shares of Exponent in a report on Thursday, August 31st. ValuEngine upgraded shares of Exponent from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Zacks Investment Research downgraded shares of Exponent from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, BidaskClub upgraded shares of Exponent from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th.
A number of institutional investors and hedge funds have recently made changes to their positions in EXPO. Bank of Montreal Can increased its holdings in Exponent by 21.8% in the 1st quarter. Bank of Montreal Can now owns 3,209 shares of the business services provider’s stock worth $192,000 after acquiring an additional 575 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Exponent by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the business services provider’s stock worth $619,000 after acquiring an additional 100 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Exponent by 0.7% during the 1st quarter. State of Alaska Department of Revenue now owns 2,830 shares of the business services provider’s stock valued at $168,000 after buying an additional 20 shares in the last quarter. Nationwide Fund Advisors grew its holdings in Exponent by 4.8% during the 1st 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 in the last quarter. Finally, Advisory Services Network LLC purchased a new position in Exponent during the 1st quarter valued at about $123,000. 88.26% 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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