$0.60 EPS Expected for Exponent, Inc. (EXPO) This Quarter

Analysts expect that Exponent, Inc. (NASDAQ:EXPO) will post earnings per share of $0.60 for the current quarter, Zacks reports. Two analysts have provided estimates for Exponent’s earnings. Exponent posted earnings of $0.51 per share during the same quarter last year, which would suggest a positive year over year growth rate of 17.6%. The firm is expected to issue its next earnings report on Tuesday, July 17th.

According to Zacks, analysts expect that Exponent will report full-year earnings of $2.52 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.55. For the next financial year, analysts forecast that the firm will report earnings of $2.76 per share, with EPS estimates ranging from $2.63 to $2.91. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Exponent.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings data on Thursday, April 19th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.13. The business had revenue of $96.50 million for the quarter, compared to the consensus estimate of $87.54 million. Exponent had a net margin of 12.52% and a return on equity of 19.47%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS.

EXPO has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Exponent from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. BidaskClub raised shares of Exponent from a “hold” rating to a “buy” rating in a research report on Saturday, March 10th. SunTrust Banks boosted their price objective on shares of Exponent to $95.00 and gave the company a “buy” rating in a research report on Monday, April 23rd. Cantor Fitzgerald reissued a “buy” rating and set a $96.00 price objective on shares of Exponent in a research report on Friday, April 20th. Finally, ValuEngine raised shares of Exponent from a “hold” rating to a “buy” rating in a research report on Tuesday, April 3rd. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Exponent has a consensus rating of “Buy” and a consensus price target of $95.67.

Shares of Exponent stock opened at $99.40 on Thursday. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 46.45 and a beta of 0.62. Exponent has a 12-month low of $56.95 and a 12-month high of $99.40.

Exponent’s stock is set to split on Friday, June 1st. The 2-1 split was announced on Tuesday, May 15th. The newly minted shares will be payable to shareholders after the market closes on Thursday, May 31st.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Friday, June 8th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Thursday, June 7th. Exponent’s dividend payout ratio (DPR) is presently 48.60%.

In other news, CFO Richard L. Schlenker, Jr. sold 29,074 shares of the business’s stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $88.40, for a total transaction of $2,570,141.60. Following the sale, the chief financial officer now owns 193,363 shares in the company, valued at approximately $17,093,289.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Debra Zumwalt sold 500 shares of the business’s stock in a transaction on Friday, May 25th. The shares were sold at an average price of $96.01, for a total transaction of $48,005.00. Following the sale, the director now owns 6,940 shares in the company, valued at approximately $666,309.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,262 shares of company stock worth $3,586,801. Company insiders own 2.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan boosted its stake in Exponent by 6.0% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 10,290 shares of the business services provider’s stock worth $809,000 after purchasing an additional 580 shares in the last quarter. Natixis Advisors L.P. boosted its stake in Exponent by 5.8% in the 1st quarter. Natixis Advisors L.P. now owns 11,791 shares of the business services provider’s stock worth $927,000 after purchasing an additional 644 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Exponent by 4.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 16,617 shares of the business services provider’s stock worth $1,307,000 after purchasing an additional 774 shares in the last quarter. US Bancorp DE boosted its stake in Exponent by 10.8% in the 4th quarter. US Bancorp DE now owns 7,979 shares of the business services provider’s stock worth $567,000 after purchasing an additional 779 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in Exponent by 1.8% in the 1st quarter. Prudential Financial Inc. now owns 46,374 shares of the business services provider’s stock worth $3,647,000 after purchasing an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 86.86% 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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Earnings History and Estimates for Exponent (NASDAQ:EXPO)

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