Exponent, Inc. (NASDAQ:EXPO) – Analysts at Cantor Fitzgerald lifted their FY2018 earnings per share estimates for shares of Exponent in a research note issued to investors on Sunday. Cantor Fitzgerald analyst J. Foresi now anticipates that the business services provider will earn $2.46 per share for the year, up from their prior estimate of $2.26. Cantor Fitzgerald currently has a “Buy” rating and a $82.00 target price on the stock. Cantor Fitzgerald also issued estimates for Exponent’s FY2019 earnings at $2.61 EPS.
Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Exponent had a return on equity of 17.81% and a net margin of 11.88%. The company had revenue of $82.72 million during the quarter, compared to analyst estimates of $80.27 million. During the same quarter last year, the business posted $0.39 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis.
EXPO has been the subject of a number of other research reports. BidaskClub upgraded Exponent from a “sell” rating to a “hold” rating in a report on Monday. Zacks Investment Research upgraded Exponent from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Tuesday, January 23rd. Finally, SunTrust Banks upgraded Exponent from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Friday, January 26th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $82.67.
Shares of Exponent (NASDAQ:EXPO) traded up $0.10 during trading hours on Tuesday, hitting $75.45. The company’s stock had a trading volume of 9,982 shares, compared to its average volume of 89,544. Exponent has a fifty-two week low of $56.35 and a fifty-two week high of $78.39. The stock has a market capitalization of $1,975.81, a price-to-earnings ratio of 40.08 and a beta of 0.72.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB raised its stake in Exponent by 5.6% in the third quarter. Nordea Investment Management AB now owns 32,461 shares of the business services provider’s stock worth $2,399,000 after buying an additional 1,712 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Exponent by 6.9% during the second quarter. UBS Asset Management Americas Inc. now owns 60,030 shares of the business services provider’s stock worth $3,500,000 after purchasing an additional 3,857 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Exponent by 11.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 116,210 shares of the business services provider’s stock worth $6,776,000 after purchasing an additional 11,488 shares in the last quarter. Virtu KCG Holdings LLC acquired a new position in shares of Exponent during the second quarter worth $255,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Exponent during the second quarter worth $385,000. Hedge funds and other institutional investors own 89.49% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be issued a $0.26 dividend. This is a positive change from Exponent’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 1st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.38%. Exponent’s payout ratio is presently 55.26%.
Exponent Company Profile
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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