Exponent (EXPO) Scheduled to Post Earnings on Thursday

Exponent (NASDAQ:EXPO) will post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Exponent to post earnings of $0.46 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). The business had revenue of $113.87 million for the quarter, compared to analysts’ expectations of $119.11 million. Exponent had a return on equity of 28.49% and a net margin of 18.69%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share. On average, analysts expect Exponent to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Exponent Trading Down 0.5 %

Shares of EXPO opened at $77.73 on Thursday. The company’s 50-day moving average price is $79.31 and its 200 day moving average price is $82.15. Exponent has a 12-month low of $64.61 and a 12-month high of $101.65. The firm has a market cap of $3.93 billion, a P/E ratio of 39.86 and a beta of 0.68.

Exponent Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.44%. This is an increase from Exponent’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, March 7th. Exponent’s payout ratio is 57.44%.

Insider Buying and Selling at Exponent

In other news, insider Eric Guyer sold 3,367 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $78.49, for a total value of $264,275.83. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Exponent

Large investors have recently made changes to their positions in the company. Graham Capital Management L.P. purchased a new stake in shares of Exponent in the 1st quarter valued at approximately $915,000. Charles Schwab Investment Management Inc. increased its holdings in Exponent by 3.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 438,423 shares of the business services provider’s stock valued at $47,372,000 after buying an additional 14,733 shares during the last quarter. Mariner LLC acquired a new stake in Exponent in the first quarter valued at $1,154,000. Mackenzie Financial Corp lifted its holdings in Exponent by 4.4% during the 1st quarter. Mackenzie Financial Corp now owns 2,942 shares of the business services provider’s stock worth $318,000 after buying an additional 125 shares during the last quarter. Finally, Ergoteles LLC acquired a new position in shares of Exponent during the 1st quarter worth about $214,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on EXPO shares. Truist Financial lowered their price target on Exponent from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. StockNews.com raised Exponent from a “sell” rating to a “hold” rating in a research report on Monday, March 4th.

About Exponent

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company in the United States and internationally. The company operates in two segments, Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering and sciences, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences, and vehicle engineering.