Exponent’s (EXPO) “Hold” Rating Reaffirmed at SunTrust Banks, Inc.
Exponent, Inc. (NASDAQ:EXPO)‘s stock had its “hold” rating reaffirmed by stock analysts at SunTrust Banks, Inc. in a research report issued on Thursday. They currently have a $77.00 price target on the business services provider’s stock. SunTrust Banks, Inc.’s target price indicates a potential upside of 6.43% from the stock’s current price. SunTrust Banks also issued estimates for Exponent’s Q4 2017 earnings at $0.41 EPS, FY2017 earnings at $2.08 EPS, Q1 2018 earnings at $0.48 EPS, Q2 2018 earnings at $0.54 EPS, Q3 2018 earnings at $0.47 EPS, Q4 2018 earnings at $0.46 EPS and FY2018 earnings at $1.95 EPS.
A number of other research analysts also recently weighed in on EXPO. BidaskClub downgraded Exponent from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 27th. Zacks Investment Research downgraded Exponent from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Cantor Fitzgerald reissued a “buy” rating and issued a $75.00 price objective (up from $69.00) on shares of Exponent in a research note on Wednesday, July 19th. Finally, ValuEngine raised Exponent from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $80.00.
Exponent (EXPO) traded up 0.42% during trading on Thursday, reaching $72.35. The company’s stock had a trading volume of 120,043 shares. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 35.12 and a beta of 0.61. Exponent has a 52-week low of $53.45 and a 52-week high of $77.15. The stock’s 50-day moving average is $72.72 and its 200 day moving average is $64.21.
Exponent (NASDAQ:EXPO) last issued its quarterly earnings data on Wednesday, October 18th. The business services provider reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.09. Exponent had a return on equity of 17.21% and a net margin of 16.46%. The business had revenue of $87.60 million for the quarter, compared to the consensus estimate of $79.69 million. During the same period last year, the business earned $0.42 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. On average, analysts predict that Exponent will post $2.09 EPS for the current fiscal year.
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In other Exponent news, CEO Paul R. Johnston sold 5,000 shares of Exponent stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $64.41, for a total value of $322,050.00. Following the transaction, the chief executive officer now directly owns 66,335 shares of the company’s stock, valued at approximately $4,272,637.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John Pye sold 3,600 shares of Exponent stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $65.08, for a total value of $234,288.00. Following the completion of the transaction, the insider now directly owns 14,767 shares in the company, valued at $961,036.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,593 shares of company stock worth $5,343,437. Company insiders own 2.80% of the company’s stock.
Large investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Exponent during the 2nd quarter worth approximately $278,000. Gotham Asset Management LLC acquired a new stake in shares of Exponent during the 1st quarter worth approximately $394,000. Principal Financial Group Inc. grew its holdings in shares of Exponent by 2.3% during the 2nd quarter. Principal Financial Group Inc. now owns 210,098 shares of the business services provider’s stock worth $12,249,000 after purchasing an additional 4,794 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Exponent by 6.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 60,030 shares of the business services provider’s stock worth $3,500,000 after purchasing an additional 3,857 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Exponent by 41,234.4% during the 1st quarter. BlackRock Inc. now owns 3,080,242 shares of the business services provider’s stock worth $183,428,000 after purchasing an additional 3,072,790 shares in the last quarter. 88.29% of the stock is currently 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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