Exponent, Inc. (NASDAQ:EXPO) CEO Paul R. Johnston sold 3,696 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $70.86, for a total value of $261,898.56. Following the sale, the chief executive officer now directly owns 42,394 shares in the company, valued at approximately $3,004,038.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Exponent, Inc. (NASDAQ:EXPO) opened at 72.55 on Thursday. The company’s 50-day moving average price is $67.02 and its 200-day moving average price is $61.69. The firm has a market cap of $1.87 billion, a P/E ratio of 37.61 and a beta of 0.62. Exponent, Inc. has a 12 month low of $48.42 and a 12 month high of $73.15.
Exponent (NASDAQ:EXPO) last issued its earnings results on Tuesday, July 18th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.10. Exponent had a net margin of 15.94% and a return on equity of 16.52%. The business had revenue of $84.10 million for the quarter, compared to analysts’ expectations of $79.30 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts predict that Exponent, Inc. will post $1.97 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.84 dividend on an annualized basis and a yield of 1.16%. Exponent’s payout ratio is 43.52%.
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Hedge funds have recently modified their holdings of the business. Gotham Asset Management LLC bought a new stake in Exponent during the 1st quarter valued at $394,000. SG Americas Securities LLC bought a new stake in Exponent during the 2nd quarter valued at $278,000. Bank of Montreal Can raised its holdings in Exponent by 21.8% during the 1st quarter. Bank of Montreal Can now owns 3,209 shares of the business services provider’s stock valued at $192,000 after acquiring an additional 575 shares during the period. BlackRock Inc. raised its holdings in Exponent by 41,234.4% during the 1st quarter. BlackRock Inc. now owns 3,080,242 shares of the business services provider’s stock valued at $183,428,000 after acquiring an additional 3,072,790 shares during the period. Finally, Oxford Asset Management bought a new stake in Exponent during the 1st quarter valued at $1,174,000. 88.26% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on EXPO shares. BidaskClub downgraded Exponent from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Zacks Investment Research raised Exponent from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Thursday, June 29th. Cantor Fitzgerald reissued a “buy” rating and set a $75.00 price target (up previously from $69.00) on shares of Exponent in a research report on Wednesday, July 19th. Finally, ValuEngine raised Exponent from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th.
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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