Shares of Exponent Inc. (NASDAQ:EXPO) have been given an average broker rating score of 2.50 (Hold) from the four analysts that cover the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. Exponent’s rating score has improved by 16.7% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 1 year consensus price objective of $55.67 for the company and are forecasting that the company will post $0.36 earnings per share for the current quarter, according to Zacks. Zacks has also given Exponent an industry rank of 109 out of 265 based on the ratings given to related companies.
EXPO has been the topic of several research reports. Zacks Investment Research cut Exponent from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Avondale Partners initiated coverage on Exponent in a report on Thursday, July 7th. They issued a “market perform” rating and a $60.00 price target on the stock. Finally, Cantor Fitzgerald initiated coverage on Exponent in a report on Friday, August 26th. They issued a “buy” rating and a $57.00 price target on the stock.
In other news, CEO Paul R. Johnston sold 5,500 shares of the business’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $58.07, for a total transaction of $319,385.00. Following the transaction, the chief executive officer now directly owns 70,036 shares in the company, valued at approximately $4,066,990.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Paul Boehm sold 5,000 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $51.42, for a total transaction of $257,100.00. Following the transaction, the insider now owns 29,045 shares in the company, valued at $1,493,493.90. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. bought a new position in Exponent during the second quarter valued at approximately $107,000. Tower Research Capital LLC TRC bought a new position in Exponent during the second quarter valued at approximately $121,000. Victory Capital Management Inc. boosted its position in Exponent by 77.2% in the second quarter. Victory Capital Management Inc. now owns 2,442 shares of the company’s stock valued at $143,000 after buying an additional 1,064 shares in the last quarter. Advisory Services Network LLC boosted its position in Exponent by 2.2% in the second quarter. Advisory Services Network LLC now owns 2,781 shares of the company’s stock valued at $162,000 after buying an additional 59 shares in the last quarter. Finally, PineBridge Investments L.P. boosted its position in Exponent by 4.8% in the second quarter. PineBridge Investments L.P. now owns 3,292 shares of the company’s stock valued at $192,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 91.46% of the company’s stock.
Exponent (NASDAQ:EXPO) opened at 50.41 on Wednesday. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 28.81 and a beta of 0.81. Exponent has a 12 month low of $43.93 and a 12 month high of $59.71. The company has a 50 day moving average price of $50.46 and a 200 day moving average price of $51.81.
Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The company earned $77.30 million during the quarter, compared to the consensus estimate of $80.46 million. Exponent had a net margin of 15.13% and a return on equity of 16.02%. Equities research analysts predict that Exponent will post $1.59 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 2nd were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.43%. The ex-dividend date was Wednesday, August 31st. Exponent’s payout ratio is 41.62%.
Exponent Company Profile
Exponent, Inc, along with its subsidiaries, is a science and engineering consulting company. The Company operates through two segments: Engineering and Other Scientific, and Environmental and Health. Its Engineering and Other Scientific segment includes biomechanics, biomedical engineering, buildings and structures, civil engineering, construction consulting, electrical engineering and computer science, engineering management consulting, human factors, industrial structures, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, technology development, thermal sciences and vehicle analysis services.
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