Exponent Inc. (EXPO) Announces Earnings Results
Exponent Inc. (NASDAQ:EXPO) posted its earnings results on Wednesday. The company reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.08. The company had revenue of $77.60 million for the quarter, compared to the consensus estimate of $74.46 million. Exponent had a return on equity of 16.02% and a net margin of 15.13%. Exponent’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share.
Shares of Exponent (NASDAQ:EXPO) traded up 1.38% during mid-day trading on Wednesday, hitting $50.12. The stock had a trading volume of 173,232 shares. The company has a 50 day moving average price of $50.01 and a 200 day moving average price of $51.89. Exponent has a 12-month low of $44.82 and a 12-month high of $59.71. The firm has a market cap of $1.30 billion, a P/E ratio of 28.64 and a beta of 0.85.
In related news, insider Paul Boehm sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $52.18, for a total value of $260,900.00. Following the sale, the insider now directly owns 24,045 shares in the company, valued at approximately $1,254,668.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System boosted its stake in Exponent by 3.1% in the second quarter. Arizona State Retirement System now owns 13,496 shares of the company’s stock valued at $788,000 after buying an additional 400 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Exponent by 3.5% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 41,480 shares of the company’s stock valued at $2,422,000 after buying an additional 1,400 shares during the period. Panagora Asset Management Inc. boosted its position in shares of Exponent by 4.5% in the second quarter. Panagora Asset Management Inc. now owns 139,700 shares of the company’s stock valued at $8,160,000 after buying an additional 6,069 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of Exponent by 11.1% in the second quarter. Parametric Portfolio Associates LLC now owns 76,511 shares of the company’s stock valued at $4,469,000 after buying an additional 7,661 shares during the period. Finally, Clinton Group Inc. purchased a new position in shares of Exponent during the second quarter valued at about $317,000. Hedge funds and other institutional investors own 91.57% of the company’s stock.
Several analysts have recently issued reports on EXPO shares. Cantor Fitzgerald started coverage on Exponent in a research report on Friday, August 26th. They issued a “buy” rating and a $57.00 price objective on the stock. Zacks Investment Research upgraded Exponent from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 20th. Finally, Avondale Partners started coverage on Exponent in a research report on Thursday, July 7th. They issued a “market perform” rating and a $60.00 price objective on the stock.
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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