Exponent (NASDAQ:EXPO) announced its earnings results on Thursday. The business services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.06, Briefing.com reports. Exponent had a net margin of 19.64% and a return on equity of 23.78%. The firm had revenue of $106.50 million for the quarter, compared to the consensus estimate of $95.77 million. During the same period in the prior year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis.
Shares of NASDAQ:EXPO opened at $66.51 on Friday. Exponent has a 52 week low of $44.44 and a 52 week high of $68.12. The firm has a 50 day moving average price of $58.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.22 and a current ratio of 4.22. The stock has a market cap of $3.45 billion, a P/E ratio of 46.51 and a beta of 0.44.
Several equities research analysts recently weighed in on the stock. William Blair reaffirmed a “market perform” rating on shares of W W Grainger in a research note on Monday, April 22nd. BidaskClub downgraded shares of Ames National from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday, July 16th. Finally, Cantor Fitzgerald increased their price objective on shares of WNS from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Exponent has a consensus rating of “Hold” and an average price target of $70.00.
Several large investors have recently made changes to their positions in EXPO. Bronfman E.L. Rothschild L.P. increased its position in shares of Exponent by 580.9% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 926 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 790 shares during the last quarter. Bremer Bank National Association purchased a new stake in shares of Exponent in the 1st quarter valued at approximately $55,000. Quadrant Capital Group LLC increased its position in shares of Exponent by 961.2% in the 1st quarter. Quadrant Capital Group LLC now owns 1,040 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 942 shares during the last quarter. Ellis Investment Partners LLC purchased a new stake in shares of Exponent in the 1st quarter valued at approximately $90,000. Finally, NN Investment Partners Holdings N.V. purchased a new stake in shares of Exponent in the 2nd quarter valued at approximately $91,000. 88.68% of the stock is currently owned by institutional investors.
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.
Featured Article: Are all No-Load Funds Equal?
Receive News & Ratings for Exponent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exponent and related companies with MarketBeat.com's FREE daily email newsletter.