Exponent, Inc. (EXPO) Stock Rating Reaffirmed by SunTrust Banks, Inc.
Exponent, Inc. (NASDAQ:EXPO)‘s stock had its “hold” rating reaffirmed by equities research analysts at SunTrust Banks, Inc. in a note issued to investors on Thursday. They presently have a $77.00 target price on the business services provider’s stock. SunTrust Banks, Inc.’s price objective would suggest a potential upside of 6.43% from the stock’s previous close. SunTrust Banks also issued estimates for Exponent’s Q4 2017 earnings at $0.41 EPS, FY2017 earnings at $2.08 EPS, Q1 2018 earnings at $0.48 EPS, Q2 2018 earnings at $0.54 EPS, Q3 2018 earnings at $0.47 EPS, Q4 2018 earnings at $0.46 EPS and FY2018 earnings at $1.95 EPS.
A number of other brokerages have also recently issued reports on EXPO. Zacks Investment Research upgraded shares of Exponent from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Thursday, July 20th. Cantor Fitzgerald reiterated a “buy” rating and issued a $75.00 price objective on shares of Exponent in a report on Thursday, August 31st. ValuEngine upgraded shares of Exponent from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Finally, BidaskClub cut shares of Exponent from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Exponent has an average rating of “Hold” and a consensus target price of $80.00.
Exponent (NASDAQ:EXPO) opened at 72.35 on Thursday. Exponent has a 52-week low of $55.69 and a 52-week high of $77.15. The firm has a 50-day moving average price of $72.72 and a 200 day moving average price of $64.21. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 37.51 and a beta of 0.61.
Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Wednesday, October 18th. The business services provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.45 by $0.09. The business had revenue of $87.60 million for the quarter, compared to analysts’ expectations of $79.69 million. Exponent had a net margin of 16.46% and a return on equity of 17.21%. Exponent’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 EPS. On average, equities research analysts predict that Exponent will post $2.09 EPS for the current year.
In other Exponent news, insider John Pye sold 3,600 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $65.08, for a total transaction of $234,288.00. Following the completion of the transaction, the insider now owns 14,767 shares of the company’s stock, valued at approximately $961,036.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Paul R. Johnston sold 3,000 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $74.01, for a total transaction of $222,030.00. Following the transaction, the chief executive officer now directly owns 32,342 shares of the company’s stock, valued at approximately $2,393,631.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,593 shares of company stock valued at $5,343,437. Company insiders own 2.80% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. lifted its position in Exponent by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 8,206 shares of the business services provider’s stock worth $478,000 after acquiring an additional 21 shares during the last quarter. Bank of Montreal Can lifted its position in Exponent by 0.7% during the 2nd quarter. Bank of Montreal Can now owns 3,231 shares of the business services provider’s stock worth $189,000 after acquiring an additional 22 shares during the last quarter. Pinebridge Investments L.P. lifted its position in Exponent by 2.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,409 shares of the business services provider’s stock worth $199,000 after acquiring an additional 70 shares during the last quarter. UBS Group AG lifted its position in Exponent by 0.3% during the 1st quarter. UBS Group AG now owns 36,673 shares of the business services provider’s stock worth $2,184,000 after acquiring an additional 98 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in Exponent by 0.8% during the 1st quarter. Arizona State Retirement System now owns 13,296 shares of the business services provider’s stock worth $792,000 after acquiring an additional 100 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.
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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