Exponent, Inc. (NASDAQ:EXPO) – Equities research analysts at Cantor Fitzgerald boosted their FY2018 earnings per share estimates for Exponent in a research report issued to clients and investors on Sunday. Cantor Fitzgerald analyst J. Foresi now expects that the business services provider will post earnings of $2.46 per share for the year, up from their prior forecast of $2.26. Cantor Fitzgerald currently has a “Buy” rating and a $82.00 price target on the stock. Cantor Fitzgerald also issued estimates for Exponent’s FY2019 earnings at $2.61 EPS.
Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Exponent had a return on equity of 17.81% and a net margin of 11.88%. The business had revenue of $82.72 million for the quarter, compared to analysts’ expectations of $80.27 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis.
Exponent (NASDAQ:EXPO) traded up $0.10 during mid-day trading on Tuesday, reaching $75.45. The company’s stock had a trading volume of 9,982 shares, compared to its average volume of 89,544. Exponent has a twelve month low of $56.35 and a twelve month high of $78.39. The stock has a market capitalization of $1,975.81, a PE ratio of 40.08 and a beta of 0.72.
Several institutional investors and hedge funds have recently modified their holdings of the business. Advisor Group Inc. raised its stake in shares of Exponent by 15.4% during the 2nd 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. Trexquant Investment LP purchased a new position in Exponent during the third quarter worth about $224,000. Cubist Systematic Strategies LLC purchased a new position in Exponent during the third quarter worth about $242,000. Stifel Financial Corp purchased a new position in Exponent during the third quarter worth about $249,000. Finally, Amalgamated Bank grew its position in Exponent by 5.1% during the second quarter. Amalgamated Bank now owns 3,553 shares of the business services provider’s stock worth $207,000 after buying an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 89.49% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be paid a $0.26 dividend. The ex-dividend date is Thursday, March 1st. This is a positive change from Exponent’s previous quarterly dividend of $0.21. This represents a $1.04 annualized dividend and a dividend yield of 1.38%. Exponent’s payout ratio is presently 55.26%.
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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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