Exponent (NASDAQ:EXPO) Issues Earnings Results, Beats Estimates By $0.13 EPS

Exponent (NASDAQ:EXPO) released its earnings results on Thursday. The business services provider reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13, Briefing.com reports. The business had revenue of $137.21 million for the quarter, compared to analysts’ expectations of $125.98 million. Exponent had a return on equity of 28.49% and a net margin of 18.69%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share.

Exponent Trading Up 23.4 %

NASDAQ:EXPO traded up $18.66 during trading hours on Friday, reaching $98.34. The company had a trading volume of 552,166 shares, compared to its average volume of 306,798. Exponent has a 52 week low of $64.61 and a 52 week high of $102.72. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 49.94 and a beta of 0.68. The firm’s 50 day moving average price is $79.55 and its 200-day moving average price is $81.92.

Exponent Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.28 dividend. This is a positive change from Exponent’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Thursday, March 7th. Exponent’s payout ratio is presently 57.44%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on EXPO shares. StockNews.com raised Exponent from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. Truist Financial lowered their price objective on shares of Exponent from $110.00 to $95.00 and set a “buy” rating for the company in a report on Friday, February 2nd.

Insiders Place Their Bets

In other news, insider Eric Guyer sold 3,367 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $78.49, for a total transaction of $264,275.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is currently owned by insiders.

About Exponent

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.