Exponent, Inc. (EXPO) to Post Q4 2017 Earnings of $0.41 Per Share, William Blair Forecasts
Exponent, Inc. (NASDAQ:EXPO) – Investment analysts at William Blair boosted their Q4 2017 earnings per share estimates for Exponent in a research report issued to clients and investors on Thursday. William Blair analyst T. Mchugh now forecasts that the business services provider will post earnings per share of $0.41 for the quarter, up from their prior forecast of $0.40. William Blair also issued estimates for Exponent’s Q1 2018 earnings at $0.61 EPS.
A number of other analysts have also recently commented on EXPO. Cantor Fitzgerald lifted their target price on Exponent to $82.00 and gave the stock an “overweight” rating in a research report on Thursday. Zacks Investment Research upgraded Exponent from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research report on Friday. SunTrust Banks, Inc. reiterated a “hold” rating and set a $77.00 target price 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 given a hold rating and two have issued a buy rating to the stock. Exponent presently has an average rating of “Hold” and a consensus price target of $80.00.
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Shares of Exponent (NASDAQ:EXPO) opened at 72.35 on Monday. Exponent has a 1-year low of $53.45 and a 1-year high of $77.15. The stock has a market cap of $1.87 billion, a P/E ratio of 37.51 and a beta of 0.61. The firm’s 50-day moving average price is $72.72 and its 200 day moving average price is $64.21.
Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Wednesday, October 18th. The business services provider reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.09. The business had revenue of $87.60 million for the quarter, compared to the consensus estimate of $79.69 million. Exponent had a return on equity of 17.21% and a net margin of 16.46%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. grew its holdings in shares of Exponent by 0.3% during the second quarter. Alps Advisors Inc. now owns 8,206 shares of the business services provider’s stock worth $478,000 after buying an additional 21 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Exponent by 0.7% during the second quarter. Bank of Montreal Can now owns 3,231 shares of the business services provider’s stock worth $189,000 after buying an additional 22 shares during the last quarter. Pinebridge Investments L.P. grew its holdings in shares of Exponent by 2.1% during the second quarter. Pinebridge Investments L.P. now owns 3,409 shares of the business services provider’s stock worth $199,000 after buying an additional 70 shares during the last quarter. UBS Group AG grew its holdings in shares of Exponent by 0.3% during the first quarter. UBS Group AG now owns 36,673 shares of the business services provider’s stock worth $2,184,000 after buying an additional 98 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Exponent by 0.8% during the first quarter. Arizona State Retirement System now owns 13,296 shares of the business services provider’s stock worth $792,000 after buying an additional 100 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Paul R. Johnston sold 3,052 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $73.11, for a total transaction of $223,131.72. Following the transaction, the chief executive officer now owns 35,342 shares of the company’s stock, valued at $2,583,853.62. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Paul R. Johnston sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $74.01, for a total value of $222,030.00. Following the transaction, the chief executive officer now directly owns 32,342 shares in the company, valued at approximately $2,393,631.42. The disclosure for this sale can be found here. Insiders have sold 75,993 shares of company stock worth $5,109,149 in the last quarter. Insiders own 2.80% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, November 30th. Exponent’s dividend payout ratio (DPR) is currently 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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