Exponent, Inc. (NASDAQ:EXPO)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $72.31 and last traded at $72.11, with a volume of 1948 shares traded. The stock had previously closed at $71.68.
A number of equities analysts have commented on the stock. BidaskClub downgraded shares of Exponent from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. DA Davidson started coverage on shares of Exponent in a report on Wednesday, August 28th. They issued a “neutral” rating for the company. ValuEngine raised shares of Exponent from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Zacks Investment Research raised shares of Exponent from a “hold” rating to a “strong-buy” rating and set a $76.00 price target for the company in a report on Monday, July 22nd. Finally, Cantor Fitzgerald boosted their price target on shares of Exponent from $64.00 to $73.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $73.00.
The company has a market cap of $3.63 billion, a price-to-earnings ratio of 57.12 and a beta of 0.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.60 and a quick ratio of 3.60. The firm’s fifty day moving average price is $69.77 and its 200-day moving average price is $60.88.
Exponent (NASDAQ:EXPO) last announced its quarterly earnings results on Thursday, July 18th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. Exponent had a net margin of 19.64% and a return on equity of 23.44%. The company had revenue of $106.50 million during the quarter, compared to the consensus estimate of $95.77 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, equities analysts forecast that Exponent, Inc. will post 1.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Thursday, September 5th. Exponent’s dividend payout ratio (DPR) is 51.20%.
In related news, insider John Pye sold 3,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $70.31, for a total value of $210,930.00. Following the completion of the sale, the insider now owns 25,747 shares of the company’s stock, valued at $1,810,271.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Harri Kytomaa sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $70.09, for a total transaction of $140,180.00. Following the completion of the sale, the insider now directly owns 9,399 shares of the company’s stock, valued at approximately $658,775.91. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,773 shares of company stock valued at $7,227,536. Corporate insiders own 2.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of EXPO. Geode Capital Management LLC lifted its holdings in Exponent by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 648,674 shares of the business services provider’s stock worth $32,893,000 after purchasing an additional 56,600 shares during the period. Victory Capital Management Inc. bought a new stake in shares of Exponent during the 1st quarter valued at about $430,000. Raymond James & Associates raised its stake in shares of Exponent by 2.1% in the first quarter. Raymond James & Associates now owns 56,675 shares of the business services provider’s stock worth $3,271,000 after purchasing an additional 1,182 shares during the last quarter. Mason Street Advisors LLC raised its stake in shares of Exponent by 2.4% in the first quarter. Mason Street Advisors LLC now owns 16,539 shares of the business services provider’s stock worth $955,000 after purchasing an additional 387 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Exponent by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 20,144 shares of the business services provider’s stock worth $1,163,000 after purchasing an additional 364 shares during the last quarter. 88.08% of the stock is owned by institutional investors and hedge funds.
About Exponent (NASDAQ:EXPO)
Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.
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