Brokerages Expect Exponent, Inc. (EXPO) to Post $0.41 EPS
Equities research analysts expect Exponent, Inc. (NASDAQ:EXPO) to report earnings of $0.41 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Exponent’s earnings, with estimates ranging from $0.39 to $0.42. Exponent posted earnings of $0.38 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.9%. The firm is expected to issue its next quarterly earnings report on Tuesday, July 18th.
On average, analysts expect that Exponent will report full year earnings of $1.82 per share for the current fiscal year, with EPS estimates ranging from $1.81 to $1.83. For the next financial year, analysts anticipate that the company will post earnings of $1.87 per share, with EPS estimates ranging from $1.82 to $1.91. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Exponent.
Exponent (NASDAQ:EXPO) last issued its quarterly earnings data on Wednesday, April 19th. The business services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by $0.09. Exponent had a net margin of 15.41% and a return on equity of 15.47%. The company had revenue of $80.47 million for the quarter, compared to the consensus estimate of $79.32 million. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Exponent’s revenue for the quarter was up 1.9% compared to the same quarter last year.
Several equities analysts have recently issued reports on EXPO shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $69.00 price target (up previously from $64.00) on shares of Exponent in a research note on Saturday, April 22nd. Zacks Investment Research lowered Exponent from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th.
Shares of Exponent (NASDAQ:EXPO) traded down 1.18% during midday trading on Thursday, reaching $58.80. 10,968 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $60.31 and its 200 day moving average price is $59.45. Exponent has a 52-week low of $45.00 and a 52-week high of $64.80. The firm has a market capitalization of $1.52 billion, a P/E ratio of 32.68 and a beta of 0.65.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 9th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Wednesday, June 7th. Exponent’s dividend payout ratio (DPR) is presently 46.67%.
Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Exponent by 41,234.4% in the first quarter. BlackRock Inc. now owns 3,080,242 shares of the business services provider’s stock valued at $183,428,000 after buying an additional 3,072,790 shares during the period. Norges Bank bought a new position in Exponent during the fourth quarter valued at $14,612,000. Schroder Investment Management Group bought a new position in Exponent during the first quarter valued at $6,312,000. Vanguard Group Inc. raised its position in Exponent by 3.9% in the first quarter. Vanguard Group Inc. now owns 2,176,141 shares of the business services provider’s stock valued at $129,590,000 after buying an additional 81,811 shares during the last quarter. Finally, Sandler Capital Management raised its position in Exponent by 112.6% in the fourth quarter. Sandler Capital Management now owns 148,800 shares of the business services provider’s stock valued at $8,973,000 after buying an additional 78,800 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This report was published by Daily Political and is the property of of Daily Political. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/06/20/brokerages-expect-exponent-inc-expo-to-post-0-41-eps.html.
Exponent Company Profile
Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Exponent Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exponent Inc. and related companies with MarketBeat.com's FREE daily email newsletter.