Exponent, Inc. (NASDAQ:EXPO) to Issue $0.28 Quarterly Dividend

Exponent, Inc. (NASDAQ:EXPO) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Friday, June 7th will be given a dividend of 0.28 per share by the business services provider on Friday, June 21st. This represents a $1.12 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Friday, June 7th.

Exponent has increased its dividend by an average of 11.0% per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Exponent has a dividend payout ratio of 57.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Exponent to earn $1.96 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 57.1%.

Exponent Stock Performance

EXPO traded up $15.53 during trading on Friday, hitting $95.21. 997,258 shares of the stock were exchanged, compared to its average volume of 220,354. The firm has a 50 day simple moving average of $79.93 and a 200 day simple moving average of $81.94. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 48.09 and a beta of 0.68. Exponent has a 1 year low of $64.61 and a 1 year high of $102.72.

Exponent (NASDAQ:EXPO) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. Exponent had a return on equity of 28.50% and a net margin of 18.72%. The business had revenue of $137.21 million for the quarter, compared to the consensus estimate of $125.98 million. During the same period last year, the business posted $0.56 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts anticipate that Exponent will post 1.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, insider Eric Guyer sold 3,367 shares of the business’s stock in a transaction on Friday, February 9th. The stock was 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 SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by company insiders.

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.