Cantor Fitzgerald Weighs in on Exponent, Inc.’s FY2017 Earnings (EXPO)

Exponent, Inc. (NASDAQ:EXPO) – Analysts at Cantor Fitzgerald raised their FY2017 earnings estimates for Exponent in a research report issued on Thursday. Cantor Fitzgerald analyst J. Foresi now anticipates that the business services provider will post earnings per share of $2.10 for the year, up from their previous estimate of $1.96. Cantor Fitzgerald currently has a “Overweight” rating and a $82.00 target price on the stock. Cantor Fitzgerald also issued estimates for Exponent’s FY2018 earnings at $2.26 EPS.

Exponent (NASDAQ:EXPO) last posted its earnings results on Wednesday, October 18th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.09. The firm had revenue of $87.60 million during the quarter, compared to the consensus estimate of $79.69 million. Exponent had a net margin of 16.46% and a return on equity of 17.21%. The company’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS.

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Several other equities research analysts have also issued reports on EXPO. BidaskClub lowered Exponent from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. Zacks Investment Research downgraded Exponent from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine raised Exponent from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and issued a $77.00 price objective on shares of Exponent in a research note on Thursday, October 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Exponent currently has a consensus rating of “Hold” and an average price target of $80.00.

Shares of Exponent (NASDAQ EXPO) opened at 72.80 on Monday. Exponent has a 52-week low of $53.45 and a 52-week high of $77.15. The company’s 50-day moving average is $72.85 and its 200-day moving average is $64.40. The firm has a market cap of $1.88 billion, a P/E ratio of 37.74 and a beta of 0.61.

Several hedge funds have recently modified their holdings of the stock. Alps Advisors Inc. raised its stake in shares of Exponent by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 8,206 shares of the business services provider’s stock valued at $478,000 after acquiring an additional 21 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Exponent by 0.7% in the 2nd quarter. Bank of Montreal Can now owns 3,231 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 22 shares in the last quarter. Pinebridge Investments L.P. raised its stake in shares of Exponent by 2.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,409 shares of the business services provider’s stock valued at $199,000 after acquiring an additional 70 shares in the last quarter. UBS Group AG raised its stake in shares of Exponent by 0.3% in the 1st quarter. UBS Group AG now owns 36,673 shares of the business services provider’s stock valued at $2,184,000 after acquiring an additional 98 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Exponent by 0.8% in the 1st quarter. Arizona State Retirement System now owns 13,296 shares of the business services provider’s stock valued at $792,000 after acquiring an additional 100 shares in the last quarter. 88.23% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Harri Kytomaa sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $66.38, for a total value of $796,560.00. Following the transaction, the insider now directly owns 11,360 shares of the company’s stock, valued at approximately $754,076.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Paul R. Johnston sold 4,142 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $65.70, for a total value of $272,129.40. Following the completion of the transaction, the chief executive officer now directly owns 65,477 shares in the company, valued at $4,301,838.90. The disclosure for this sale can be found here. Insiders sold a total of 75,993 shares of company stock worth $5,109,149 over the last three months. 2.80% of the stock is owned by company insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, November 30th. Exponent’s payout ratio is 40.98%.

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.

Earnings History and Estimates for Exponent (NASDAQ:EXPO)

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