Shares of Exponent, Inc. (NASDAQ:EXPO) have received an average recommendation of “Hold” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $76.75.
Several analysts have issued reports on the company. ValuEngine lowered Exponent from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. DA Davidson assumed coverage on Exponent in a research note on Wednesday, August 28th. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded Exponent from a “hold” rating to a “strong-buy” rating and set a $81.00 target price on the stock in a research note on Monday, September 23rd. SunTrust Banks boosted their target price on Exponent from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, William Blair restated a “market perform” rating on shares of Exponent in a research note on Friday, October 18th.
Exponent stock traded up $0.69 during mid-day trading on Monday, reaching $63.45. The stock had a trading volume of 195,400 shares, compared to its average volume of 250,336. The stock’s 50-day simple moving average is $66.54 and its 200-day simple moving average is $63.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.48 and a current ratio of 3.48. Exponent has a fifty-two week low of $46.00 and a fifty-two week high of $72.70. The firm has a market capitalization of $3.24 billion, a PE ratio of 50.76 and a beta of 0.37.
Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Thursday, October 17th. The business services provider reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. Exponent had a return on equity of 23.62% and a net margin of 19.88%. The business had revenue of $101.50 million for the quarter, compared to analysts’ expectations of $100.17 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. On average, research analysts forecast that Exponent will post 1.5 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.64 annualized dividend and a dividend yield of 1.01%. Exponent’s payout ratio is presently 51.20%.
In related news, Director Paul R. Johnston sold 4,000 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $64.36, for a total transaction of $257,440.00. Following the sale, the director now directly owns 92,507 shares in the company, valued at approximately $5,953,750.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Richard L. Schlenker, Jr. sold 22,243 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $70.57, for a total value of $1,569,688.51. Following the sale, the chief financial officer now owns 247,118 shares in the company, valued at $17,439,117.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,765 shares of company stock worth $9,172,718. Corporate insiders own 2.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan increased its stake in Exponent by 1.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 15,400 shares of the business services provider’s stock worth $902,000 after acquiring an additional 150 shares during the last quarter. Clarus Wealth Advisors increased its stake in Exponent by 5.1% in the 2nd quarter. Clarus Wealth Advisors now owns 4,022 shares of the business services provider’s stock worth $235,000 after acquiring an additional 194 shares during the last quarter. GAM Holding AG increased its stake in Exponent by 4.3% in the 2nd quarter. GAM Holding AG now owns 5,876 shares of the business services provider’s stock worth $344,000 after acquiring an additional 240 shares during the last quarter. Mason Street Advisors LLC increased its stake in Exponent by 1.8% in the 3rd quarter. Mason Street Advisors LLC now owns 17,629 shares of the business services provider’s stock worth $1,232,000 after acquiring an additional 305 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Exponent by 1.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 17,668 shares of the business services provider’s stock worth $1,034,000 after acquiring an additional 313 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.
Exponent Company Profile
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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