Exponent, Inc. (NASDAQ:EXPO)‘s stock had its “buy” rating reiterated by analysts at Cantor Fitzgerald in a research note issued to investors on Sunday, November 5th. They currently have a $82.00 target price on the business services provider’s stock. Cantor Fitzgerald’s price target points to a potential upside of 11.56% from the company’s previous close.
Several other brokerages have also recently weighed in on EXPO. Zacks Investment Research cut Exponent from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. ValuEngine upgraded Exponent from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $77.00 price objective on shares of Exponent in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $80.00.
Shares of Exponent (NASDAQ:EXPO) opened at $73.50 on Friday. The stock has a market cap of $1,875.15, a price-to-earnings ratio of 39.70 and a beta of 0.58. Exponent has a 52 week low of $55.75 and a 52 week high of $77.15.
Exponent (NASDAQ:EXPO) last issued its quarterly earnings data on Wednesday, October 18th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.09. Exponent had a return on equity of 17.21% and a net margin of 16.46%. The company had revenue of $87.60 million during the quarter, compared to analysts’ expectations of $79.69 million. During the same period last year, the business earned $0.42 earnings per share. The business’s revenue was up 12.9% on a year-over-year basis. equities research analysts forecast that Exponent will post 2.09 earnings per share for the current fiscal year.
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In other Exponent news, CEO Paul R. Johnston sold 3,000 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $74.01, for a total value of $222,030.00. Following the completion of the transaction, the chief executive officer now directly owns 32,342 shares in the company, valued at $2,393,631.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Paul R. Johnston sold 5,000 shares of Exponent stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $64.52, for a total value of $322,600.00. Following the completion of the sale, the chief executive officer now owns 66,335 shares of the company’s stock, valued at $4,279,934.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,993 shares of company stock worth $2,678,025. 2.80% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in EXPO. BlackRock Inc. boosted its position in shares of Exponent by 41,234.4% during the first quarter. BlackRock Inc. now owns 3,080,242 shares of the business services provider’s stock valued at $183,428,000 after buying an additional 3,072,790 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Exponent by 43.8% during the second quarter. Renaissance Technologies LLC now owns 530,700 shares of the business services provider’s stock valued at $30,940,000 after buying an additional 161,600 shares during the last quarter. Conestoga Capital Advisors LLC boosted its position in shares of Exponent by 17.5% during the third quarter. Conestoga Capital Advisors LLC now owns 854,790 shares of the business services provider’s stock valued at $63,169,000 after buying an additional 127,613 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of Exponent by 38.6% during the second quarter. Voya Investment Management LLC now owns 420,597 shares of the business services provider’s stock valued at $24,521,000 after buying an additional 117,147 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Exponent by 3.9% during the second quarter. Vanguard Group Inc. now owns 2,261,432 shares of the business services provider’s stock valued at $131,841,000 after buying an additional 85,291 shares during the last quarter. 88.63% of the stock is currently owned by institutional investors.
Exponent Company Profile
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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