Exponent, Inc. (EXPO) CEO Paul R. Johnston Sells 4,095 Shares of Stock
Exponent, Inc. (NASDAQ:EXPO) CEO Paul R. Johnston sold 4,095 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $65.84, for a total value of $269,614.80. Following the completion of the sale, the chief executive officer now owns 57,240 shares in the company, valued at $3,768,681.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Exponent, Inc. (NASDAQ:EXPO) remained flat at $68.10 on Friday. The company had a trading volume of 73,020 shares. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 35.30 and a beta of 0.62. Exponent, Inc. has a 12-month low of $48.42 and a 12-month high of $68.35. The company’s 50-day moving average price is $65.03 and its 200 day moving average price is $60.72.
Exponent (NASDAQ:EXPO) last announced its quarterly earnings data on Tuesday, July 18th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.10. Exponent had a net margin of 15.94% and a return on equity of 16.52%. The business had revenue of $84.10 million for the quarter, compared to analysts’ expectations of $79.30 million. During the same period last year, the firm posted $0.38 earnings per share. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. Equities analysts anticipate that Exponent, Inc. will post $1.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be given a $0.21 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.84 dividend on an annualized basis and a yield of 1.23%. Exponent’s dividend payout ratio is currently 43.52%.
A number of hedge funds have recently modified their holdings of EXPO. Bank of Montreal Can raised its stake in shares of Exponent by 21.8% in the first quarter. Bank of Montreal Can now owns 3,209 shares of the business services provider’s stock worth $192,000 after buying an additional 575 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Exponent by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the business services provider’s stock worth $619,000 after buying an additional 100 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Exponent by 0.7% in the first quarter. State of Alaska Department of Revenue now owns 2,830 shares of the business services provider’s stock worth $168,000 after buying an additional 20 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Exponent by 4.8% in the first quarter. Nationwide Fund Advisors now owns 159,560 shares of the business services provider’s stock worth $9,502,000 after buying an additional 7,296 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Exponent during the first quarter worth $123,000. Hedge funds and other institutional investors own 88.26% of the company’s stock.
EXPO has been the topic of several recent analyst reports. Cantor Fitzgerald reissued a “buy” rating and issued a $75.00 target price (up from $69.00) on shares of Exponent in a report on Wednesday, July 19th. BidaskClub raised Exponent from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Zacks Investment Research downgraded Exponent from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, ValuEngine raised Exponent from a “sell” rating to a “hold” rating in a report on Thursday, July 20th.
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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