Exponent (NASDAQ:EXPO) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Exponent (NASDAQ:EXPO) announced its quarterly earnings results on Thursday. The business services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07, Briefing.com reports. Exponent had a net margin of 19.35% and a return on equity of 29.01%. The business had revenue of $132.43 million during the quarter, compared to the consensus estimate of $130.83 million. During the same quarter last year, the firm earned $0.50 EPS. The business’s revenue was up 2.1% compared to the same quarter last year.

Exponent Price Performance

Shares of EXPO opened at $105.45 on Friday. The firm has a 50-day simple moving average of $97.16 and a two-hundred day simple moving average of $88.42. The stock has a market cap of $5.35 billion, a PE ratio of 53.26 and a beta of 0.65. Exponent has a 1-year low of $64.61 and a 1-year high of $108.00.

Exponent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a $0.28 dividend. The ex-dividend date is Friday, September 6th. This represents a $1.12 dividend on an annualized basis and a yield of 1.06%. Exponent’s payout ratio is currently 56.57%.

Insider Transactions at Exponent

In other Exponent news, Director Paul R. Johnston sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $95.11, for a total value of $570,660.00. Following the sale, the director now owns 79,236 shares of the company’s stock, valued at $7,536,135.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Eric Guyer sold 1,650 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $92.58, for a total transaction of $152,757.00. Following the sale, the insider now owns 1,846 shares of the company’s stock, valued at $170,902.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul R. Johnston sold 6,000 shares of Exponent stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $95.11, for a total transaction of $570,660.00. Following the completion of the transaction, the director now owns 79,236 shares of the company’s stock, valued at approximately $7,536,135.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,067 shares of company stock worth $4,734,995. 2.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reissued a “buy” rating and set a $120.00 target price (up previously from $100.00) on shares of Exponent in a research note on Friday.

Exponent Company Profile

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company in the United States and internationally. The company operates in two segments, Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering and sciences, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences, and vehicle engineering.