Shares of Exponent (NASDAQ:EXPO) have earned an average broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and two have given a strong buy recommendation to the company. Exponent’s rating score has improved by 28.3% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a 1-year consensus target price of $84.00 for the company and are expecting that the company will post $0.62 earnings per share for the current quarter, according to Zacks. Zacks has also given Exponent an industry rank of 41 out of 265 based on the ratings given to its competitors.
Several research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Exponent from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. ValuEngine raised shares of Exponent from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd. BidaskClub raised shares of Exponent from a “hold” rating to a “buy” rating in a research note on Saturday, March 10th. Finally, SunTrust Banks raised shares of Exponent from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research note on Friday, January 26th.
Exponent (NASDAQ:EXPO) last issued its earnings results on Thursday, February 1st. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05. The company had revenue of $82.72 million for the quarter, compared to analyst estimates of $80.27 million. Exponent had a net margin of 11.88% and a return on equity of 17.81%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. equities research analysts expect that Exponent will post 2.41 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 2nd were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.28%. This is an increase from Exponent’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, March 1st. Exponent’s dividend payout ratio (DPR) is currently 48.60%.
Several large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its position in shares of Exponent by 5.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 32,775 shares of the business services provider’s stock valued at $2,330,000 after acquiring an additional 1,836 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of Exponent in the 4th quarter valued at approximately $881,000. Jane Street Group LLC acquired a new stake in shares of Exponent in the 4th quarter valued at approximately $453,000. Crestline Management LP acquired a new stake in shares of Exponent in the 4th quarter valued at approximately $1,979,000. Finally, Millennium Management LLC raised its position in shares of Exponent by 557.1% in the 4th quarter. Millennium Management LLC now owns 113,998 shares of the business services provider’s stock valued at $8,105,000 after acquiring an additional 96,650 shares during the period. Institutional investors and hedge funds own 88.91% of the company’s stock.
Exponent Company Profile
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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