Exponent Inc. (EXPO) Sees Unusually-High Trading Volume
Exponent Inc. (NASDAQ:EXPO) shares saw an uptick in trading volume on Friday . 270,089 shares changed hands during trading, an increase of 86% from the previous session’s volume of 145,459 shares.The stock last traded at $49.12 and had previously closed at $50.40.
Several research firms recently weighed in on EXPO. Zacks Investment Research cut Exponent from a “hold” rating to a “strong sell” rating in a research report on Friday, July 22nd. Avondale Partners began coverage on Exponent in a research report on Thursday, July 7th. They set a “market perform” rating and a $60.00 price objective for the company.
The stock has a market capitalization of $1.28 billion and a PE ratio of 28.07. The company’s 50-day moving average is $53.78 and its 200-day moving average is $51.39.
Exponent (NASDAQ:EXPO) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The firm earned $77.30 million during the quarter, compared to the consensus estimate of $80.46 million. Equities analysts expect that Exponent Inc. will post $1.58 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 2nd will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Wednesday, August 31st.
In other news, CEO Paul R. Johnston sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $50.01, for a total value of $250,050.00. Following the completion of the transaction, the chief executive officer now owns 97,542 shares in the company, valued at approximately $4,878,075.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Catherine Corrigan sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $52.68, for a total value of $158,040.00. Following the completion of the transaction, the vice president now owns 20,898 shares of the company’s stock, valued at approximately $1,100,906.64. The disclosure for this sale can be found here.
Other institutional investors have bought and sold shares of the company. Wells Fargo & Company MN boosted its position in Exponent by 14.8% in the fourth quarter. Wells Fargo & Company MN now owns 326,619 shares of the company’s stock worth $16,314,000 after buying an additional 42,025 shares during the last quarter. Comerica Bank boosted its position in Exponent by 0.7% in the fourth quarter. Comerica Bank now owns 27,900 shares of the company’s stock worth $1,322,000 after buying an additional 203 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Exponent by 74.9% in the fourth quarter. First Trust Advisors LP now owns 26,087 shares of the company’s stock worth $1,303,000 after buying an additional 11,171 shares during the last quarter.
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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