Exponent, Inc. (NASDAQ:EXPO) has earned an average recommendation of “Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $61.33.
EXPO has been the subject of a number of research reports. Zacks Investment Research upgraded Exponent from a “hold” rating to a “strong-buy” rating and set a $64.00 price target for the company in a research note on Tuesday, April 23rd. BidaskClub upgraded Exponent from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. William Blair reiterated a “market perform” rating on shares of Exponent in a research note on Monday, April 22nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $64.00 price target (up from $56.00) on shares of Exponent in a research note on Monday, April 22nd.
In other Exponent news, Director Carol Lindstrom sold 1,800 shares of Exponent stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $56.92, for a total value of $102,456.00. Following the completion of the transaction, the director now directly owns 3,212 shares in the company, valued at $182,827.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.30% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. First Trust Advisors LP raised its holdings in Exponent by 109.9% during the first quarter. First Trust Advisors LP now owns 112,759 shares of the business services provider’s stock worth $6,508,000 after purchasing an additional 59,029 shares in the last quarter. FMR LLC increased its holdings in shares of Exponent by 39.8% in the first quarter. FMR LLC now owns 993,288 shares of the business services provider’s stock valued at $57,333,000 after buying an additional 282,530 shares in the last quarter. Nordea Investment Management AB grew its position in Exponent by 0.6% during the 1st quarter. Nordea Investment Management AB now owns 93,151 shares of the business services provider’s stock worth $5,376,000 after purchasing an additional 526 shares in the last quarter. Marshall Wace North America L.P. grew its position in Exponent by 58.6% during the 1st quarter. Marshall Wace North America L.P. now owns 33,627 shares of the business services provider’s stock worth $1,941,000 after purchasing an additional 12,431 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in Exponent by 9.7% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 208,093 shares of the business services provider’s stock worth $12,011,000 after purchasing an additional 18,450 shares in the last quarter. Institutional investors own 88.80% of the company’s stock.
Shares of NASDAQ EXPO traded down $0.22 during midday trading on Friday, reaching $59.22. 228,400 shares of the company’s stock were exchanged, compared to its average volume of 199,550. Exponent has a 52-week low of $44.44 and a 52-week high of $60.00. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 47.33 and a beta of 0.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.22 and a current ratio of 4.22.
Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, April 18th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.07. Exponent had a return on equity of 23.10% and a net margin of 19.53%. The business had revenue of $93.40 million for the quarter, compared to analyst estimates of $93.52 million. During the same period in the previous year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, research analysts predict that Exponent will post 1.42 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a $0.16 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.64 dividend on an annualized basis and a yield of 1.08%. Exponent’s dividend payout ratio (DPR) is 51.20%.
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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