Exponent, Inc. (EXPO) To Go Ex-Dividend on June 5th

Exponent, Inc. (NASDAQ:EXPO) announced a quarterly dividend on Wednesday, April 29th. Investors of record on Friday, June 5th will be given a dividend of 0.31 per share by the business services provider on Thursday, June 18th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, June 5th.

Exponent has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Exponent has a payout ratio of 57.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Exponent to earn $2.58 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 48.1%.

Exponent Trading Down 3.3%

Shares of EXPO opened at $58.39 on Wednesday. Exponent has a 1 year low of $51.91 and a 1 year high of $81.95. The stock has a market cap of $2.83 billion, a P/E ratio of 27.16 and a beta of 0.72. The stock’s 50-day moving average price is $63.31 and its two-hundred day moving average price is $68.81.

Exponent (NASDAQ:EXPO) last announced its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The company had revenue of $166.30 million during the quarter, compared to analysts’ expectations of $149.53 million. Exponent had a return on equity of 27.94% and a net margin of 18.07%.Exponent’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 EPS. As a group, equities analysts forecast that Exponent will post 2.28 EPS for the current year.

About Exponent

Exponent, Inc (NASDAQ: EXPO) is an engineering and scientific consulting firm that offers multidisciplinary analysis and advisory services to clients across a range of industries. The company’s expertise spans mechanical, materials and corrosion engineering, civil and structural engineering, electrical engineering, industrial hygiene, toxicology and health sciences, and failure analysis. Exponent provides support for product design, performance evaluation, litigation consulting, and regulatory compliance, helping manufacturers, insurers, law firms and government agencies address complex technical challenges.

Founded in 1967 in Menlo Park, California, Exponent has grown from a small failure-analysis laboratory into a global consulting practice.