Exponent, Inc. (EXPO) to Post Q1 2018 Earnings of $0.63 Per Share, SunTrust Banks Forecasts

Exponent, Inc. (NASDAQ:EXPO) – SunTrust Banks raised their Q1 2018 earnings estimates for Exponent in a report released on Thursday. SunTrust Banks analyst T. Sommer now expects that the business services provider will earn $0.63 per share for the quarter, up from their previous estimate of $0.56. SunTrust Banks currently has a “Buy” rating and a $84.00 target price on the stock. SunTrust Banks also issued estimates for Exponent’s Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $2.42 EPS and FY2019 earnings at $2.73 EPS.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, February 1st. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. The business had revenue of $82.72 million during the quarter, compared to analyst estimates of $80.27 million. Exponent had a return on equity of 17.81% and a net margin of 11.88%. Exponent’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS.

EXPO has been the subject of several other reports. Zacks Investment Research raised Exponent from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Tuesday, January 23rd. BidaskClub lowered Exponent from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $82.00 target price on shares of Exponent in a research report on Sunday, November 5th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $82.67.

Exponent (NASDAQ EXPO) opened at $75.35 on Monday. The stock has a market capitalization of $1,940.00, a price-to-earnings ratio of 36.76 and a beta of 0.72. Exponent has a 12-month low of $56.35 and a 12-month high of $78.39.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be given a $0.26 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is 40.98%.

Several hedge funds have recently bought and sold shares of EXPO. Vanguard Group Inc. increased its position in Exponent by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,261,432 shares of the business services provider’s stock valued at $131,841,000 after buying an additional 85,291 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in Exponent by 13.8% in the 4th quarter. Conestoga Capital Advisors LLC now owns 973,140 shares of the business services provider’s stock valued at $69,190,000 after buying an additional 118,350 shares in the last quarter. State Street Corp increased its position in Exponent by 4.5% in the 2nd quarter. State Street Corp now owns 642,196 shares of the business services provider’s stock valued at $37,436,000 after buying an additional 27,930 shares in the last quarter. GW&K Investment Management LLC increased its position in Exponent by 17.9% in the 4th quarter. GW&K Investment Management LLC now owns 496,857 shares of the business services provider’s stock valued at $35,327,000 after buying an additional 75,277 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Exponent by 2.0% during the 2nd quarter. Northern Trust Corp now owns 478,610 shares of the business services provider’s stock valued at $27,903,000 after purchasing an additional 9,593 shares during the last quarter. 89.49% of the stock is owned by hedge funds and other institutional investors.

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About Exponent

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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