Exponent Inc. (EXPO) Posts Earnings Results, Beats Expectations By $0.08 EPS
Exponent Inc. (NASDAQ:EXPO) issued its earnings results on Wednesday. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. Exponent had a net margin of 15.13% and a return on equity of 16.02%.
Exponent (NASDAQ:EXPO) traded up 1.38% during midday trading on Wednesday, reaching $50.12. 173,062 shares of the company traded hands. The firm’s 50 day moving average price is $50.01 and its 200 day moving average price is $51.89. Exponent has a 12 month low of $44.82 and a 12 month high of $59.71. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 28.64 and a beta of 0.85.
A number of equities research analysts have recently issued reports on the stock. Avondale Partners assumed coverage on shares of Exponent in a research note on Thursday, July 7th. They issued a “market perform” rating and a $60.00 target price on the stock. Zacks Investment Research lowered shares of Exponent from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Finally, Cantor Fitzgerald assumed coverage on shares of Exponent in a research note on Friday, August 26th. They issued a “buy” rating and a $57.00 target price on the stock.
In other news, insider Paul Boehm sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $52.18, for a total transaction of $260,900.00. Following the transaction, the insider now owns 24,045 shares in the company, valued at approximately $1,254,668.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.50% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXPO. Advisor Group Inc. acquired a new position in Exponent during the second quarter worth $107,000. ProShare Advisors LLC acquired a new position in Exponent during the second quarter worth $217,000. Clinton Group Inc. acquired a new position in Exponent during the second quarter worth $317,000. BlackRock Inc. increased its position in Exponent by 7.3% in the second quarter. BlackRock Inc. now owns 6,971 shares of the company’s stock worth $407,000 after buying an additional 473 shares in the last quarter. Finally, BlackRock Advisors LLC increased its position in Exponent by 1.7% in the second quarter. BlackRock Advisors LLC now owns 12,284 shares of the company’s stock worth $718,000 after buying an additional 204 shares in the last quarter. Institutional investors and hedge funds own 91.57% of the company’s stock.
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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