Exponent Inc. (EXPO) Sees Unusually-High Trading Volume
Exponent Inc. (NASDAQ:EXPO) shares saw unusually-high trading volume on Friday . Approximately 169,979 shares changed hands during mid-day trading, an increase of 31% from the previous session’s volume of 129,576 shares.The stock last traded at $50.71 and had previously closed at $50.90.
EXPO has been the topic of several research analyst reports. Zacks Investment Research cut shares of Exponent from a “buy” rating to a “hold” rating in a research report on Tuesday, June 21st. Avondale Partners initiated coverage on shares of Exponent in a research report on Thursday, July 7th. They issued a “market perform” rating and a $60.00 target price on the stock. Finally, Cantor Fitzgerald initiated coverage on shares of Exponent in a research report on Friday. They issued a “buy” rating on the stock.
The stock has a 50 day moving average of $52.83 and a 200-day moving average of $51.44. The company has a market cap of $1.32 billion and a price-to-earnings ratio of 29.02.
Exponent (NASDAQ:EXPO) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.43 by $0.05. The business had revenue of $77.30 million for the quarter, compared to analysts’ expectations of $80.46 million. Equities analysts anticipate that Exponent Inc. will post $1.59 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 2nd will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, August 31st.
In other Exponent news, CEO Paul R. Johnston sold 5,500 shares of the business’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $54.74, for a total value of $301,070.00. Following the sale, the chief executive officer now directly owns 75,536 shares in the company, valued at $4,134,840.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul Boehm sold 5,000 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $51.42, for a total transaction of $257,100.00. Following the completion of the sale, the insider now owns 29,045 shares in the company, valued at $1,493,493.90. The disclosure for this sale can be found here.
Exponent, Inc, along with its subsidiaries, is a science and engineering consulting company. The Company operates through two segments: Engineering and Other Scientific, and Environmental and Health. Its Engineering and Other Scientific segment includes biomechanics, biomedical engineering, buildings and structures, civil engineering, construction consulting, electrical engineering and computer science, engineering management consulting, human factors, industrial structures, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, technology development, thermal sciences and vehicle analysis services.
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