$78.74 Million in Sales Expected for Exponent, Inc. (EXPO) This Quarter
Equities research analysts predict that Exponent, Inc. (NASDAQ:EXPO) will post $78.74 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Exponent’s earnings, with the lowest sales estimate coming in at $77.38 million and the highest estimate coming in at $80.10 million. Exponent posted sales of $74.16 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.2%. The company is scheduled to announce its next quarterly earnings results on Wednesday, October 18th.
On average, analysts expect that Exponent will report full year sales of $78.74 million for the current year. For the next financial year, analysts anticipate that the company will report sales of $328.96 million per share, with estimates ranging from $320.12 million to $337.80 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Exponent.
Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Tuesday, July 18th. The business services provider reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.10. Exponent had a return on equity of 19.27% and a net margin of 15.70%. The firm had revenue of $84.10 million during the quarter, compared to analyst estimates of $79.30 million. During the same period last year, the company posted $0.38 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis.
A number of analysts have recently weighed in on EXPO shares. Zacks Investment Research upgraded shares of Exponent from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a report on Thursday, July 20th. Cantor Fitzgerald reiterated a “buy” rating and set a $75.00 target price 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. Finally, BidaskClub lowered shares of Exponent from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th.
Exponent (NASDAQ EXPO) opened at 69.15 on Friday. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 35.85 and a beta of 0.62. Exponent has a 52-week low of $48.42 and a 52-week high of $69.95. The stock has a 50 day moving average price of $65.96 and a 200 day moving average price of $61.03.
The company also recently announced 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. The ex-dividend date is Wednesday, August 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.21%. Exponent’s dividend payout ratio is currently 43.52%.
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In related news, CEO Paul R. Johnston sold 4,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $67.74, for a total value of $270,960.00. Following the completion of the transaction, the chief executive officer now directly owns 53,240 shares of the company’s stock, valued at $3,606,477.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Paul R. Johnston sold 4,095 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $65.84, for a total transaction of $269,614.80. Following the completion of the transaction, the chief executive officer now directly owns 57,240 shares of the company’s stock, valued at $3,768,681.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,950 shares of company stock valued at $3,933,076. 2.80% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. 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 worth $183,428,000 after buying an additional 3,072,790 shares in the last quarter. Vanguard Group Inc. raised its stake in Exponent by 3.9% in the second quarter. Vanguard Group Inc. now owns 2,261,432 shares of the business services provider’s stock worth $131,841,000 after buying an additional 85,291 shares in the last quarter. TimesSquare Capital Management LLC raised its stake in Exponent by 1.3% in the first quarter. TimesSquare Capital Management LLC now owns 876,650 shares of the business services provider’s stock worth $52,205,000 after buying an additional 11,650 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in Exponent by 15.6% in the second quarter. Conestoga Capital Advisors LLC now owns 727,177 shares of the business services provider’s stock worth $42,394,000 after buying an additional 98,280 shares in the last quarter. Finally, State Street Corp raised its stake in Exponent by 4.5% in the second quarter. State Street Corp now owns 642,196 shares of the business services provider’s stock worth $37,436,000 after buying an additional 27,930 shares in the last quarter. 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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