Exponent, Inc. (NASDAQ:EXPO) – Equities research analysts at Cantor Fitzgerald upped their FY2018 earnings per share estimates for Exponent in a report issued on Sunday. Cantor Fitzgerald analyst J. Foresi now anticipates that the business services provider will post earnings of $2.46 per share for the year, up from their prior estimate of $2.26. Cantor Fitzgerald has a “Buy” rating and a $82.00 price objective on the stock. Cantor Fitzgerald also issued estimates for Exponent’s FY2019 earnings at $2.61 EPS.

EXPO has been the topic of several other reports. Zacks Investment Research upgraded Exponent from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Tuesday, January 23rd. SunTrust Banks restated a “hold” rating and set a $77.00 price target on shares of Exponent in a research note on Thursday, October 19th. Finally, BidaskClub lowered Exponent from a “hold” rating to a “sell” rating in a research note on Friday, December 15th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Exponent presently has an average rating of “Buy” and a consensus target price of $82.67.

Shares of Exponent (EXPO) traded down $1.40 on Tuesday, reaching $72.85. The company had a trading volume of 48,949 shares, compared to its average volume of 93,675. Exponent has a 1 year low of $56.35 and a 1 year high of $78.39. The company has a market capitalization of $1,939.68, a price-to-earnings ratio of 48.65 and a beta of 0.72.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05. Exponent had a return on equity of 17.81% and a net margin of 11.88%. The firm had revenue of $82.72 million for the quarter, compared to analyst estimates of $80.27 million. During the same period in the previous year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 13.7% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.43%. This is a positive change from Exponent’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 1st. Exponent’s payout ratio is currently 55.26%.

Hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake in shares of Exponent by 5.6% in the 3rd quarter. Nordea Investment Management AB now owns 32,461 shares of the business services provider’s stock valued at $2,399,000 after purchasing an additional 1,712 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of Exponent by 6.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 60,030 shares of the business services provider’s stock valued at $3,500,000 after purchasing an additional 3,857 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Exponent by 11.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 116,210 shares of the business services provider’s stock valued at $6,776,000 after purchasing an additional 11,488 shares during the period. Virtu KCG Holdings LLC bought a new stake in shares of Exponent in the 2nd quarter valued at approximately $255,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Exponent in the 2nd quarter valued at approximately $385,000. Institutional investors own 89.49% of the company’s stock.

TRADEMARK VIOLATION WARNING: This article was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.dailypolitical.com/2018/02/08/cantor-fitzgerald-weighs-in-on-exponent-inc-s-fy2018-earnings-expo.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.

Receive News & Ratings for Exponent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exponent and related companies with MarketBeat.com's FREE daily email newsletter.