Exponent, Inc. (NASDAQ:EXPO) has earned a consensus broker rating score of 2.33 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company.
Brokerages have set a 1-year consensus target price of $79.50 for the company and are anticipating that the company will post $0.41 earnings per share for the current quarter, according to Zacks. Zacks has also given Exponent an industry rank of 214 out of 265 based on the ratings given to related companies.
Several brokerages have recently commented on EXPO. BidaskClub cut shares of Exponent from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Zacks Investment Research cut shares of Exponent from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Cantor Fitzgerald restated a “buy” rating and issued a $82.00 target price on shares of Exponent in a research report on Sunday, November 5th. Finally, SunTrust Banks restated a “hold” rating and issued a $77.00 target price on shares of Exponent in a research report on Thursday, October 19th.
Exponent (NASDAQ:EXPO) last issued its earnings results on Wednesday, October 18th. The business services provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.45 by $0.09. The company had revenue of $87.60 million during the quarter, compared to analysts’ expectations of $79.69 million. Exponent had a net margin of 16.46% and a return on equity of 17.21%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 EPS. equities research analysts expect that Exponent will post 2.09 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 1st were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, November 30th. Exponent’s payout ratio is presently 40.98%.
Large investors have recently modified their holdings of the company. Riverhead Capital Management LLC raised its position in shares of Exponent by 89.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,897 shares of the business services provider’s stock valued at $111,000 after buying an additional 897 shares in the last quarter. Advisor Group Inc. increased its position in Exponent by 15.4% during the 2nd quarter. Advisor Group Inc. now owns 2,131 shares of the business services provider’s stock worth $124,000 after purchasing an additional 284 shares in the last quarter. Victory Capital Management Inc. increased its position in Exponent by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,157 shares of the business services provider’s stock worth $184,000 after purchasing an additional 474 shares in the last quarter. Sei Investments Co. increased its position in Exponent by 28.8% during the 2nd quarter. Sei Investments Co. now owns 3,392 shares of the business services provider’s stock worth $198,000 after purchasing an additional 759 shares in the last quarter. Finally, Pinebridge Investments L.P. increased its position in Exponent by 2.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,409 shares of the business services provider’s stock worth $199,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 88.58% of the company’s stock.
Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.
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