Exponent, Inc. (EXPO) Expected to Post FY2017 Earnings of $2.08 Per Share
Exponent, Inc. (NASDAQ:EXPO) – Research analysts at William Blair raised their FY2017 earnings per share estimates for Exponent in a note issued to investors on Thursday. William Blair analyst T. Mchugh now expects that the business services provider will earn $2.08 per share for the year, up from their previous estimate of $1.97. William Blair also issued estimates for Exponent’s Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.47 EPS, Q4 2018 earnings at $0.47 EPS and FY2018 earnings at $2.06 EPS.
Exponent (NASDAQ:EXPO) last issued its quarterly earnings results on Wednesday, October 18th. The business services provider reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.09. Exponent had a return on equity of 17.48% and a net margin of 16.46%. The firm had revenue of $87.60 million during the quarter, compared to the consensus estimate of $79.69 million. During the same period last year, the company earned $0.42 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis.
A number of other research analysts have also commented on EXPO. BidaskClub lowered Exponent from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 27th. Zacks Investment Research lowered Exponent from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Cantor Fitzgerald reiterated a “buy” rating and issued a $75.00 price objective (up from $69.00) on shares of Exponent in a research report on Wednesday, July 19th. ValuEngine upgraded Exponent from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $77.00 price objective on shares of Exponent in a research report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Exponent currently has an average rating of “Hold” and an average target price of $77.67.
Shares of Exponent (NASDAQ:EXPO) traded up 1.11% during midday trading on Friday, hitting $72.85. The company had a trading volume of 32,341 shares. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 37.77 and a beta of 0.61. The stock’s 50-day moving average price is $72.60 and its 200-day moving average price is $64.11. Exponent has a 12 month low of $53.45 and a 12 month high of $77.15.
Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Exponent in the 2nd quarter valued at $278,000. Gotham Asset Management LLC bought a new position in Exponent in the 1st quarter valued at $394,000. BlackRock Inc. boosted its position in Exponent by 41,234.4% in the 1st 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. Principal Financial Group Inc. boosted its position in Exponent by 2.3% in the 2nd quarter. Principal Financial Group Inc. now owns 210,098 shares of the business services provider’s stock valued at $12,249,000 after buying an additional 4,794 shares during the last quarter. Finally, Citadel Advisors LLC boosted its position in Exponent by 70.1% in the 2nd quarter. Citadel Advisors LLC now owns 10,604 shares of the business services provider’s stock valued at $618,000 after buying an additional 4,370 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.
In other Exponent news, CEO Paul R. Johnston sold 5,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $65.94, for a total value of $329,700.00. Following the transaction, the chief executive officer now directly owns 66,335 shares in the company, valued at approximately $4,374,129.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Paul R. Johnston sold 3,000 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $74.01, for a total value of $222,030.00. Following the completion of the transaction, the chief executive officer now owns 32,342 shares in the company, valued at $2,393,631.42. The disclosure for this sale can be found here. Insiders sold a total of 79,593 shares of company stock worth $5,343,437 over the last quarter. Corporate insiders own 2.80% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be given a $0.21 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.84 dividend on an annualized basis and a yield of 1.17%. Exponent’s payout ratio is 40.98%.
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.
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