Exponent (NASDAQ:EXPO) Lifted to “Buy” at BidaskClub

BidaskClub upgraded shares of Exponent (NASDAQ:EXPO) from a hold rating to a buy rating in a research note issued to investors on Friday, BidAskClub reports.

A number of other equities research analysts also recently issued reports on EXPO. SunTrust Banks set a $70.00 price objective on shares of Exponent and gave the stock a buy rating in a research report on Friday, July 19th. DA Davidson started coverage on shares of Exponent in a research report on Wednesday, August 28th. They issued a neutral rating for the company. Zacks Investment Research downgraded shares of Exponent from a buy rating to a hold rating in a research report on Wednesday, September 18th. Cantor Fitzgerald upped their price objective on shares of Exponent from $64.00 to $73.00 and gave the stock an overweight rating in a research report on Friday, July 19th. Finally, ValuEngine raised shares of Exponent from a sell rating to a hold rating in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $78.33.

Shares of EXPO stock opened at $70.18 on Friday. Exponent has a 52-week low of $44.44 and a 52-week high of $72.70. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.60 and a current ratio of 3.60. The company has a 50-day simple moving average of $70.11 and a two-hundred day simple moving average of $61.32. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 56.14 and a beta of 0.43.



Exponent (NASDAQ:EXPO) last issued its quarterly earnings data on Thursday, July 18th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.06. Exponent had a net margin of 19.64% and a return on equity of 23.44%. The business had revenue of $106.50 million during the quarter, compared to the consensus estimate of $95.77 million. During the same period in the prior year, the firm posted $0.34 EPS. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, sell-side analysts forecast that Exponent will post 1.47 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Thursday, September 5th. Exponent’s payout ratio is 51.20%.

In other news, insider Harri Kytomaa sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $70.09, for a total transaction of $140,180.00. Following the completion of the transaction, the insider now directly owns 9,399 shares of the company’s stock, valued at approximately $658,775.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard L. Schlenker, Jr. sold 75,530 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $70.26, for a total transaction of $5,306,737.80. Following the transaction, the chief financial officer now directly owns 251,805 shares of the company’s stock, valued at $17,691,819.30. The disclosure for this sale can be found here. Insiders sold a total of 102,773 shares of company stock valued at $7,227,536 over the last ninety days. 2.30% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan grew its position in shares of Exponent by 1.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 15,400 shares of the business services provider’s stock valued at $902,000 after acquiring an additional 150 shares during the period. Clarus Wealth Advisors grew its position in shares of Exponent by 5.1% during the 2nd quarter. Clarus Wealth Advisors now owns 4,022 shares of the business services provider’s stock valued at $235,000 after acquiring an additional 194 shares during the period. GAM Holding AG grew its position in shares of Exponent by 4.3% during the 2nd quarter. GAM Holding AG now owns 5,876 shares of the business services provider’s stock valued at $344,000 after acquiring an additional 240 shares during the period. State of Alaska Department of Revenue grew its position in shares of Exponent by 1.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 17,668 shares of the business services provider’s stock valued at $1,034,000 after acquiring an additional 313 shares during the period. Finally, LPL Financial LLC grew its position in shares of Exponent by 5.6% during the 2nd quarter. LPL Financial LLC now owns 6,411 shares of the business services provider’s stock valued at $375,000 after acquiring an additional 339 shares during the period. 88.08% of the stock is owned by hedge funds and other institutional investors.

About Exponent

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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