Cantor Fitzgerald reaffirmed their buy rating on shares of Exponent, Inc. (NASDAQ:EXPO) in a research report report published on Thursday, August 31st. They currently have a $75.00 target price on the business services provider’s stock.
“Proactive vs. reactive. Historically, Exponent did failure analysis for firms, government entities and other organizations when problems arose, generally regarding accidents and safety, when companies needed expertise for litigation. EXPO considers this reactive” work. Exponent recently began to do proactive” work, taking what it has learned from failures and applying that knowledge to prevention.”,” Cantor Fitzgerald’s analyst wrote.
A number of other equities research analysts have also recently issued reports on the stock. ValuEngine raised shares of Exponent from a sell rating to a hold rating in a research report on Thursday, July 20th. Zacks Investment Research raised shares of Exponent from a hold rating to a buy rating and set a $74.00 target price for the company in a research report on Thursday, July 20th. Finally, BidaskClub raised shares of Exponent from a strong sell rating to a sell rating in a research report on Wednesday, July 5th.
Exponent (NASDAQ:EXPO) opened at 69.90 on Thursday. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 36.24 and a beta of 0.62. Exponent has a one year low of $48.42 and a one year high of $70.20. The firm has a 50 day moving average of $66.45 and a 200-day moving average of $61.36.
Exponent (NASDAQ:EXPO) last announced its earnings results on Tuesday, July 18th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.10. The company had revenue of $84.10 million during the quarter, compared to analysts’ expectations of $79.30 million. Exponent had a net margin of 15.94% and a return on equity of 16.52%. Exponent’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 earnings per share. Equities research analysts forecast that Exponent will post $1.97 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.84 annualized dividend and a yield of 1.20%. Exponent’s dividend payout ratio is 43.52%.
In other news, insider Harri Kytomaa sold 12,000 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $66.38, for a total value of $796,560.00. Following the completion of the transaction, the insider now owns 11,360 shares of the company’s stock, valued at $754,076.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Paul R. Johnston sold 5,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $65.94, for a total transaction of $329,700.00. Following the completion of the transaction, the chief executive officer now directly owns 66,335 shares of the company’s stock, valued at approximately $4,374,129.90. The disclosure for this sale can be found here. Insiders have sold 67,100 shares of company stock valued at $4,428,736 in the last ninety days. 2.80% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Exponent by 41,234.4% in 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 period. Vanguard Group Inc. increased its stake in shares of Exponent by 3.9% in 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 period. TimesSquare Capital Management LLC increased its stake in shares of Exponent by 1.3% in the first quarter. TimesSquare Capital Management LLC now owns 876,650 shares of the business services provider’s stock valued at $52,205,000 after buying an additional 11,650 shares during the period. Conestoga Capital Advisors LLC increased its position in Exponent by 15.6% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 727,177 shares of the business services provider’s stock valued at $42,394,000 after purchasing an additional 98,280 shares during the period. Finally, State Street Corp increased its position in Exponent by 4.5% during the 2nd quarter. State Street Corp now owns 642,196 shares of the business services provider’s stock valued at $37,436,000 after purchasing an additional 27,930 shares during the period. 88.26% of the stock is owned by institutional investors.
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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