Exponent, Inc. Expected to Post FY2017 Earnings of $2.10 Per Share (EXPO)
Exponent, Inc. (NASDAQ:EXPO) – Equities researchers at Cantor Fitzgerald raised their FY2017 earnings per share estimates for shares of Exponent in a research report issued on Thursday. Cantor Fitzgerald analyst J. Foresi now forecasts that the business services provider will post earnings of $2.10 per share for the year, up from their prior estimate of $1.96. Cantor Fitzgerald currently has a “Overweight” rating and a $82.00 price target on the stock. Cantor Fitzgerald also issued estimates for Exponent’s FY2018 earnings at $2.26 EPS.
Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Wednesday, October 18th. The business services provider reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.09. Exponent had a net margin of 16.46% and a return on equity of 17.21%. The firm had revenue of $87.60 million during the quarter, compared to analyst estimates of $79.69 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year.
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Several other brokerages have also recently weighed in on EXPO. Zacks Investment Research upgraded Exponent from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Friday. SunTrust Banks, Inc. reiterated a “hold” rating and set a $77.00 price target on shares of Exponent in a research report on Thursday. ValuEngine upgraded Exponent from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, BidaskClub upgraded Exponent from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Exponent presently has a consensus rating of “Hold” and an average price target of $80.00.
Exponent (EXPO) opened at 72.35 on Monday. The company has a market capitalization of $1.87 billion, a P/E ratio of 37.51 and a beta of 0.61. The company’s 50 day moving average price is $72.72 and its 200-day moving average price is $64.21. Exponent has a 52 week low of $53.45 and a 52 week high of $77.15.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.16%. The ex-dividend date is Thursday, November 30th. Exponent’s dividend payout ratio is currently 40.98%.
In other Exponent news, CEO Paul R. Johnston sold 5,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 66,335 shares of the company’s stock, valued at $4,374,129.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Paul R. Johnston sold 4,142 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $65.70, for a total value of $272,129.40. Following the completion of the sale, the chief executive officer now directly owns 65,477 shares in the company, valued at $4,301,838.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,993 shares of company stock valued at $5,109,149. 2.80% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of EXPO. Riverhead Capital Management LLC grew its holdings in Exponent by 89.7% in the second quarter. Riverhead Capital Management LLC now owns 1,897 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 897 shares during the period. Advisor Group Inc. grew its holdings in Exponent by 15.4% in the second quarter. Advisor Group Inc. now owns 2,131 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 284 shares during the period. Victory Capital Management Inc. grew its holdings in Exponent by 9.2% in the first quarter. Victory Capital Management Inc. now owns 2,683 shares of the business services provider’s stock valued at $160,000 after purchasing an additional 226 shares during the period. Bank of Montreal Can grew its holdings in Exponent by 0.7% in the second quarter. Bank of Montreal Can now owns 3,231 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 22 shares during the period. Finally, Sei Investments Co. grew its holdings in Exponent by 28.8% in the second quarter. Sei Investments Co. now owns 3,392 shares of the business services provider’s stock valued at $198,000 after purchasing an additional 759 shares during the period. 88.29% of the stock is currently owned by institutional investors.
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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