Exponent, Inc. (NASDAQ:EXPO – Get Free Report) shares hit a new 52-week low during trading on Friday . The company traded as low as $73.37 and last traded at $75.43, with a volume of 14378 shares. The stock had previously closed at $77.82.
Exponent Stock Down 1.3 %
The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 36.22 and a beta of 0.84. The business has a fifty day simple moving average of $80.59 and a two-hundred day simple moving average of $89.67.
Exponent (NASDAQ:EXPO – Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. Exponent had a return on equity of 27.27% and a net margin of 19.52%. The business had revenue of $137.44 million for the quarter, compared to analyst estimates of $134.63 million. During the same quarter in the previous year, the firm earned $0.59 EPS. Exponent’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts predict that Exponent, Inc. will post 1.98 earnings per share for the current fiscal year.
Exponent Dividend Announcement
Insiders Place Their Bets
In other news, VP Richard Reiss sold 1,736 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total value of $149,174.48. Following the transaction, the vice president now directly owns 1,800 shares of the company’s stock, valued at $154,674. The trade was a 49.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.10% of the company’s stock.
Hedge Funds Weigh In On Exponent
A number of institutional investors and hedge funds have recently bought and sold shares of EXPO. Saturna Capital Corp raised its holdings in shares of Exponent by 151.7% in the first quarter. Saturna Capital Corp now owns 18,611 shares of the business services provider’s stock valued at $1,509,000 after buying an additional 11,217 shares during the last quarter. Hardy Reed LLC raised its stake in shares of Exponent by 5.5% in the first quarter. Hardy Reed LLC now owns 3,850 shares of the business services provider’s stock worth $312,000 after acquiring an additional 202 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Exponent by 3.2% in the first quarter. Victory Capital Management Inc. now owns 30,376 shares of the business services provider’s stock worth $2,462,000 after acquiring an additional 931 shares during the last quarter. Edgestream Partners L.P. lifted its position in shares of Exponent by 367.2% during the first quarter. Edgestream Partners L.P. now owns 76,273 shares of the business services provider’s stock worth $6,183,000 after purchasing an additional 59,947 shares in the last quarter. Finally, Stephens Inc. AR bought a new stake in shares of Exponent during the first quarter valued at approximately $284,000. Institutional investors and hedge funds own 92.37% of the company’s stock.
Exponent Company Profile
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.
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