Cantor Fitzgerald Weighs in on Exponent, Inc.’s FY2018 Earnings (EXPO)
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.
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.
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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.
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