Exponent, Inc. (NASDAQ:EXPO) Director Paul R. Johnston sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $64.36, for a total transaction of $257,440.00. Following the transaction, the director now owns 92,507 shares of the company’s stock, valued at approximately $5,953,750.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
EXPO traded up $0.75 during midday trading on Thursday, reaching $65.19. 271,300 shares of the company’s stock were exchanged, compared to its average volume of 232,021. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 52.15 and a beta of 0.41. The company has a quick ratio of 3.60, a current ratio of 3.53 and a debt-to-equity ratio of 0.05. Exponent, Inc. has a one year low of $46.00 and a one year high of $72.70. The business has a 50-day simple moving average of $69.54 and a two-hundred day simple moving average of $63.11.
Exponent (NASDAQ:EXPO) last announced its quarterly earnings results on Thursday, October 17th. The business services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The firm had revenue of $101.50 million during the quarter, compared to analysts’ expectations of $100.17 million. Exponent had a net margin of 19.88% and a return on equity of 23.62%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 earnings per share. As a group, research analysts anticipate that Exponent, Inc. will post 1.5 EPS for the current fiscal year.
EXPO has been the subject of a number of analyst reports. Cantor Fitzgerald raised their price target on shares of Exponent from $64.00 to $73.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. DA Davidson initiated coverage on shares of Exponent in a research note on Wednesday, August 28th. They set a “neutral” rating for the company. BidaskClub cut shares of Exponent from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine cut shares of Exponent from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, SunTrust Banks raised their price target on shares of Exponent from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $76.75.
Several hedge funds and other institutional investors have recently bought and sold shares of EXPO. Nuveen Asset Management LLC acquired a new stake in shares of Exponent during the second quarter worth approximately $34,946,000. FMR LLC increased its holdings in shares of Exponent by 39.8% during the first quarter. FMR LLC now owns 993,288 shares of the business services provider’s stock worth $57,333,000 after buying an additional 282,530 shares in the last quarter. Morgan Stanley increased its holdings in shares of Exponent by 82.4% during the second quarter. Morgan Stanley now owns 359,112 shares of the business services provider’s stock worth $21,023,000 after buying an additional 162,208 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of Exponent by 4.4% during the second quarter. Conestoga Capital Advisors LLC now owns 2,422,012 shares of the business services provider’s stock worth $141,785,000 after buying an additional 102,845 shares in the last quarter. Finally, Nicholas Company Inc. acquired a new stake in shares of Exponent during the second quarter worth approximately $5,204,000. 88.18% of the stock is owned by institutional investors.
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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