Equities research analysts expect that Exponent, Inc. (NASDAQ:EXPO) will post $87.54 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Exponent’s earnings. The lowest sales estimate is $87.10 million and the highest is $87.98 million. Exponent reported sales of $82.36 million in the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, October 17th.
According to Zacks, analysts expect that Exponent will report full year sales of $357.19 million for the current financial year, with estimates ranging from $355.30 million to $359.08 million. For the next fiscal year, analysts expect that the business will report sales of $379.50 million per share, with estimates ranging from $372.20 million to $386.79 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Exponent.
Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Thursday, July 19th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. Exponent had a net margin of 13.51% and a return on equity of 20.52%. The company had revenue of $95.60 million for the quarter, compared to the consensus estimate of $89.42 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The business’s revenue was up 8.9% compared to the same quarter last year.
EXPO has been the topic of several research reports. ValuEngine downgraded shares of Exponent from a “buy” rating to a “hold” rating in a report on Monday, June 11th. Zacks Investment Research upgraded shares of Exponent from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. SunTrust Banks boosted their price objective on shares of Exponent to $56.00 and gave the stock a “buy” rating in a report on Friday, July 20th. BidaskClub upgraded shares of Exponent from a “buy” rating to a “strong-buy” rating in a report on Friday, September 7th. Finally, Berenberg Bank initiated coverage on shares of Exponent in a report on Wednesday. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.67.
In other news, insider Richard Reiss sold 2,236 shares of Exponent stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $49.43, for a total transaction of $110,525.48. Following the sale, the insider now directly owns 4,054 shares in the company, valued at approximately $200,389.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.80% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of Exponent by 101.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 759,044 shares of the business services provider’s stock valued at $36,662,000 after acquiring an additional 382,415 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Exponent by 99.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 124,932 shares of the business services provider’s stock valued at $6,034,000 after acquiring an additional 62,446 shares in the last quarter. WINTON GROUP Ltd boosted its position in shares of Exponent by 1,245.0% during the 2nd quarter. WINTON GROUP Ltd now owns 244,786 shares of the business services provider’s stock valued at $11,823,000 after acquiring an additional 226,586 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Exponent by 643.6% during the 2nd quarter. Schroder Investment Management Group now owns 535,366 shares of the business services provider’s stock valued at $18,757,000 after acquiring an additional 463,365 shares in the last quarter. Finally, Global X Management Co LLC boosted its position in shares of Exponent by 137.4% during the 2nd quarter. Global X Management Co LLC now owns 9,474 shares of the business services provider’s stock valued at $458,000 after acquiring an additional 5,483 shares in the last quarter. Institutional investors and hedge funds own 88.84% of the company’s stock.
NASDAQ:EXPO opened at $53.75 on Friday. Exponent has a 52-week low of $34.44 and a 52-week high of $54.05. The stock has a market cap of $2.76 billion, a PE ratio of 46.17 and a beta of 0.60.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, September 7th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, September 6th. This represents a $0.52 annualized dividend and a dividend yield of 0.97%. Exponent’s dividend payout ratio (DPR) is currently 48.60%.
Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.
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