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

Exponent, Inc. (NASDAQ:EXPO) declared a quarterly dividend on Thursday, July 25th, Zacks reports. Shareholders of record on Friday, September 6th will be paid a dividend of 0.28 per share by the business services provider on Friday, September 20th. This represents a $1.12 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, September 6th.

Exponent has increased its dividend payment by an average of 11.0% per year over the last three years and has increased its dividend every year for the last 11 years. Exponent has a dividend payout ratio of 54.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Exponent to earn $2.05 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 54.6%.

Exponent Price Performance

Shares of NASDAQ:EXPO opened at $105.45 on Friday. Exponent has a 1-year low of $64.61 and a 1-year high of $108.00. The company has a market capitalization of $5.35 billion, a P/E ratio of 53.26 and a beta of 0.65. The firm’s 50 day simple moving average is $97.16 and its two-hundred day simple moving average is $88.42.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.07. The business had revenue of $132.43 million for the quarter, compared to the consensus estimate of $130.83 million. Exponent had a net margin of 19.35% and a return on equity of 29.01%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 earnings per share. On average, sell-side analysts anticipate that Exponent will post 1.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Activity

In other news, Director Paul R. Johnston sold 7,000 shares of Exponent stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $93.95, for a total transaction of $657,650.00. Following the sale, the director now owns 79,236 shares in the company, valued at $7,444,222.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, VP Bradley A. James sold 3,528 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $95.00, for a total value of $335,160.00. Following the sale, the vice president now owns 2,030 shares in the company, valued at $192,850. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul R. Johnston sold 7,000 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $93.95, for a total transaction of $657,650.00. Following the completion of the sale, the director now owns 79,236 shares in the company, valued at approximately $7,444,222.20. The disclosure for this sale can be found here. Insiders have sold a total of 50,067 shares of company stock worth $4,734,995 over the last quarter. Insiders own 2.10% of the company’s stock.

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.