Analysts Expect Exponent, Inc. (EXPO) to Post $0.42 Earnings Per Share
Analysts predict that Exponent, Inc. (NASDAQ:EXPO) will announce $0.42 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Exponent’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.40. Exponent also reported earnings per share of $0.42 during the same quarter last year. The company is scheduled to report its next earnings report on Wednesday, October 18th.
According to Zacks, analysts expect that Exponent will report full-year earnings of $1.94 per share for the current financial year, with EPS estimates ranging from $1.90 to $1.97. For the next fiscal year, analysts forecast that the firm will report earnings of $1.98 per share, with EPS estimates ranging from $1.82 to $2.09. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Exponent.
Exponent (NASDAQ:EXPO) last announced its quarterly earnings data on Tuesday, July 18th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.10. The business had revenue of $84.10 million during the quarter, compared to the consensus estimate of $79.30 million. Exponent had a net margin of 15.94% and a return on equity of 16.52%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 earnings per share.
Several analysts have recently weighed in on EXPO shares. Zacks Investment Research cut shares of Exponent from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub cut shares of Exponent from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 27th. Cantor Fitzgerald reissued a “buy” rating and issued a $75.00 price target on shares of Exponent in a research note on Thursday, August 31st. Finally, ValuEngine raised shares of Exponent from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th.
In other news, insider Sally Shepard sold 1,255 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $65.37, for a total value of $82,039.35. Following the transaction, the insider now directly owns 1,560 shares in the company, valued at approximately $101,977.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Pye sold 3,600 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $65.08, for a total transaction of $234,288.00. Following the completion of the transaction, the insider now owns 14,767 shares in the company, valued at $961,036.36. The disclosure for this sale can be found here. In the last three months, insiders sold 59,950 shares of company stock valued at $3,933,076. Corporate insiders own 2.80% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Gotham Asset Management LLC acquired a new position in shares of Exponent in the 1st quarter worth approximately $394,000. Bank of Montreal Can lifted its holdings in shares of 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. BlackRock Inc. lifted its holdings in shares of Exponent by 41,234.4% in the 1st quarter. BlackRock Inc. now owns 3,080,242 shares of the business services provider’s stock worth $183,428,000 after acquiring an additional 3,072,790 shares during the last quarter. Oxford Asset Management acquired a new position in shares of Exponent in the 1st quarter worth approximately $1,174,000. Finally, Nordea Investment Management AB lifted its holdings in shares of Exponent by 18.3% in the 1st quarter. Nordea Investment Management AB now owns 25,299 shares of the business services provider’s stock worth $1,507,000 after acquiring an additional 3,911 shares during the last quarter. Hedge funds and other institutional investors own 88.26% of the company’s stock.
Shares of Exponent (NASDAQ EXPO) traded down 0.86% during mid-day trading on Friday, reaching $69.15. 70,045 shares of the company’s stock traded hands. The stock has a market capitalization of $1.78 billion, a PE ratio of 35.85 and a beta of 0.62. Exponent has a 12-month low of $48.42 and a 12-month high of $69.95. The company’s 50-day moving average price is $65.96 and its 200-day moving average price is $61.03.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be paid a $0.21 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.21%. Exponent’s dividend payout ratio (DPR) is 43.52%.
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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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