Exponent, Inc. (EXPO) Expected to Announce Earnings of $0.41 Per Share
Brokerages expect Exponent, Inc. (NASDAQ:EXPO) to post earnings per share of $0.41 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Exponent’s earnings. Exponent reported earnings of $0.39 per share during the same quarter last year, which indicates a positive year over year growth rate of 5.1%. The company is scheduled to issue its next earnings results on Wednesday, February 7th.
On average, analysts expect that Exponent will report full year earnings of $2.09 per share for the current financial year, with EPS estimates ranging from $2.08 to $2.10. For the next year, analysts forecast that the business will post earnings of $2.09 per share, with EPS estimates ranging from $1.95 to $2.26. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Exponent.
Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Wednesday, October 18th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. Exponent had a net margin of 16.46% and a return on equity of 17.21%. The company had revenue of $87.60 million during the quarter, compared to the consensus estimate of $79.69 million. During the same period in the previous year, the firm posted $0.42 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year.
A number of equities analysts have issued reports on EXPO shares. Zacks Investment Research upgraded shares of Exponent from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Friday, October 20th. Cantor Fitzgerald restated a “buy” rating and issued a $75.00 price objective (up previously from $69.00) on shares of Exponent in a research report on Wednesday, July 19th. ValuEngine upgraded shares of 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 set a $77.00 price target on shares of Exponent in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $80.00.
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In other Exponent news, CEO Paul R. Johnston sold 4,095 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $65.84, for a total transaction of $269,614.80. Following the completion of the sale, the chief executive officer now directly owns 57,240 shares of the company’s stock, valued at $3,768,681.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Paul R. Johnston sold 5,000 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $64.41, for a total transaction of $322,050.00. Following the completion of the sale, the chief executive officer now directly owns 66,335 shares of the company’s stock, valued at $4,272,637.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,851 shares of company stock worth $3,710,760. Insiders own 2.80% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Exponent during the second quarter valued at $278,000. Gotham Asset Management LLC bought a new position in Exponent during the first quarter valued at $394,000. UBS Asset Management Americas Inc. lifted its holdings in shares of Exponent by 6.9% in 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 acquiring an additional 3,857 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Exponent by 2.3% in the 2nd quarter. Principal Financial Group Inc. now owns 210,098 shares of the business services provider’s stock worth $12,249,000 after acquiring an additional 4,794 shares during the last quarter. Finally, Citadel Advisors LLC lifted its holdings in shares of Exponent by 70.1% in the 2nd quarter. Citadel Advisors LLC now owns 10,604 shares of the business services provider’s stock worth $618,000 after acquiring an additional 4,370 shares during the last quarter. 88.67% of the stock is owned by institutional investors.
Exponent (NASDAQ EXPO) traded up $0.95 during midday trading on Friday, hitting $73.55. 62,114 shares of the stock were exchanged, compared to its average volume of 105,652. The company has a market cap of $1,897.08, a P/E ratio of 40.19 and a beta of 0.58. Exponent has a 52 week low of $55.75 and a 52 week high of $77.15.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Thursday, November 30th. Exponent’s dividend payout ratio (DPR) is presently 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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