Exponent, Inc. (NASDAQ:EXPO) Director Carol Lindstrom sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $56.92, for a total transaction of $102,456.00. Following the sale, the director now owns 3,212 shares of the company’s stock, valued at $182,827.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
EXPO stock opened at $55.57 on Friday. The company has a market cap of $2.89 billion, a P/E ratio of 40.28 and a beta of 0.44. Exponent, Inc. has a 52 week low of $42.66 and a 52 week high of $59.80.
Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Thursday, April 18th. The business services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.35 by $0.07. The business had revenue of $93.40 million during the quarter, compared to analysts’ expectations of $93.52 million. Exponent had a net margin of 19.53% and a return on equity of 23.10%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. Analysts anticipate that Exponent, Inc. will post 1.42 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, June 6th. Exponent’s dividend payout ratio (DPR) is presently 51.20%.
Several research firms recently commented on EXPO. Zacks Investment Research upgraded shares of Exponent from a “hold” rating to a “strong-buy” rating and set a $64.00 price target for the company in a report on Tuesday, April 23rd. BidaskClub upgraded shares of Exponent from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 27th. Finally, William Blair restated a “market perform” rating on shares of Exponent in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $61.33.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Exponent by 0.3% in the first quarter. BlackRock Inc. now owns 7,524,004 shares of the business services provider’s stock valued at $434,286,000 after acquiring an additional 21,968 shares during the last quarter. Vanguard Group Inc. lifted its stake in Exponent by 2.8% in the third quarter. Vanguard Group Inc. now owns 5,147,145 shares of the business services provider’s stock valued at $275,887,000 after acquiring an additional 139,183 shares during the last quarter. Conestoga Capital Advisors LLC lifted its stake in Exponent by 0.4% in the first quarter. Conestoga Capital Advisors LLC now owns 2,319,167 shares of the business services provider’s stock valued at $133,862,000 after acquiring an additional 8,446 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Exponent by 1.4% in the first quarter. Janus Henderson Group PLC now owns 1,036,313 shares of the business services provider’s stock valued at $59,816,000 after acquiring an additional 14,524 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Exponent by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 779,747 shares of the business services provider’s stock valued at $41,794,000 after acquiring an additional 20,703 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.
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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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