Exponent, Inc. (NASDAQ:EXPO) declared a quarterly dividend on Friday, October 19th, Wall Street Journal reports. Shareholders of record on Friday, December 7th will be given a dividend of 0.13 per share by the business services provider on Friday, December 21st. This represents a $0.52 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, December 6th.

Exponent has raised its dividend by an average of 18.9% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Exponent has a dividend payout ratio of 40.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Exponent to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 37.4%.

NASDAQ:EXPO opened at $48.82 on Friday. Exponent has a twelve month low of $34.80 and a twelve month high of $54.58. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 39.43 and a beta of 0.56.

Exponent (NASDAQ:EXPO) last posted its earnings results on Thursday, October 18th. The business services provider reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.03. Exponent had a net margin of 13.98% and a return on equity of 21.36%. The firm had revenue of $88.71 million during the quarter, compared to the consensus estimate of $88.52 million. During the same period last year, the firm posted $0.27 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities research analysts anticipate that Exponent will post 1.28 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on the stock. BidaskClub cut shares of Exponent from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 20th. Berenberg Bank assumed coverage on shares of Exponent in a research note on Wednesday, September 12th. They set a “buy” rating on the stock. Zacks Investment Research raised shares of Exponent from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, SunTrust Banks raised their price target on shares of Exponent to $56.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $34.67.

In other Exponent news, insider Richard Reiss sold 2,236 shares of the firm’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $49.43, for a total transaction of $110,525.48. Following the sale, the insider now directly owns 4,054 shares of the company’s stock, valued at approximately $200,389.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by company insiders.

Exponent Company Profile

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.

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Dividend History for Exponent (NASDAQ:EXPO)

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