Exponent Inc. (NASDAQ:EXPO) has earned a consensus broker rating score of 2.50 (Hold) from the four analysts that cover the stock, Zacks Investment Research reports. Three 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% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokers have set a 12 month consensus target price of $55.67 for the company and are predicting that the company will post $0.36 EPS for the current quarter, according to Zacks. Zacks has also assigned Exponent an industry rank of 109 out of 265 based on the ratings given to its competitors.
EXPO has been the topic of several analyst reports. Zacks Investment Research lowered Exponent from a “hold” rating to a “strong sell” rating in a report on Friday, July 22nd. Cantor Fitzgerald began coverage on Exponent in a report on Friday, August 26th. They issued a “buy” rating and a $57.00 price objective on the stock. Finally, Avondale Partners began coverage on Exponent in a report on Thursday, July 7th. They issued a “market perform” rating and a $60.00 price objective on the stock.
In other news, insider Paul Boehm sold 5,000 shares of Exponent stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $51.42, for a total value of $257,100.00. Following the sale, the insider now directly owns 29,045 shares of the company’s stock, valued at $1,493,493.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Paul R. Johnston sold 5,500 shares of Exponent stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $54.74, for a total value of $301,070.00. Following the completion of the sale, the chief executive officer now directly owns 75,536 shares in the company, valued at $4,134,840.64. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. Advisor Group Inc. bought a new position in shares of Exponent during the second quarter worth approximately $107,000. Tower Research Capital LLC TRC bought a new position in shares of Exponent during the second quarter worth approximately $121,000. Victory Capital Management Inc. increased its position in shares of Exponent by 77.2% in the second quarter. Victory Capital Management Inc. now owns 2,442 shares of the company’s stock worth $143,000 after buying an additional 1,064 shares during the last quarter. Advisory Services Network LLC increased its position in shares of Exponent by 2.2% in the second quarter. Advisory Services Network LLC now owns 2,781 shares of the company’s stock worth $162,000 after buying an additional 59 shares during the last quarter. Finally, PineBridge Investments L.P. increased its position in shares of Exponent by 4.8% in the second quarter. PineBridge Investments L.P. now owns 3,292 shares of the company’s stock worth $192,000 after buying an additional 150 shares during the last quarter. 91.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exponent (NASDAQ:EXPO) opened at 50.41 on Wednesday. The company’s 50-day moving average price is $50.46 and its 200 day moving average price is $51.81. Exponent has a 12-month low of $43.93 and a 12-month high of $59.71. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 28.81 and a beta of 0.81.
Exponent (NASDAQ:EXPO) last posted its earnings results on Tuesday, July 19th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.43 by $0.05. The company had revenue of $77.30 million for the quarter, compared to analyst estimates of $80.46 million. Exponent had a return on equity of 16.02% and a net margin of 15.13%. On average, equities analysts predict that Exponent will post $1.59 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 2nd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Wednesday, August 31st. Exponent’s payout ratio is currently 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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