FY2018 EPS Estimates for Exponent, Inc. Boosted by Analyst (EXPO)
Exponent, Inc. (NASDAQ:EXPO) – Stock analysts at Cantor Fitzgerald lifted their FY2018 earnings estimates for Exponent in a research report issued to clients and investors on Sunday. Cantor Fitzgerald analyst J. Foresi now anticipates that the business services provider will earn $2.46 per share for the year, up from their prior estimate of $2.26. Cantor Fitzgerald currently has a “Buy” rating and a $82.00 target price on the stock. Cantor Fitzgerald also issued estimates for Exponent’s FY2019 earnings at $2.61 EPS.
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 net margin of 11.88% and a return on equity of 17.81%. 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 business earned $0.39 EPS. The company’s revenue was up 13.7% compared to the same quarter last year.
Shares of Exponent (NASDAQ EXPO) traded down $0.35 during mid-day trading on Tuesday, reaching $74.80. 16,199 shares of the company’s stock traded hands, compared to its average volume of 91,870. Exponent has a 12-month low of $56.35 and a 12-month high of $78.39. The firm has a market cap of $1,944.84, a price-to-earnings ratio of 49.44 and a beta of 0.72.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be paid a $0.26 dividend. This is a positive change from Exponent’s previous quarterly dividend of $0.21. This represents a $1.04 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, March 1st. Exponent’s payout ratio is presently 55.26%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Inc. grew its position in shares of Exponent by 15.4% in the 2nd quarter. Advisor Group Inc. now owns 2,131 shares of the business services provider’s stock valued at $124,000 after acquiring an additional 284 shares during the period. Amalgamated Bank grew its position in shares of Exponent by 5.1% in the 2nd quarter. Amalgamated Bank now owns 3,553 shares of the business services provider’s stock valued at $207,000 after acquiring an additional 171 shares during the period. Trexquant Investment LP bought a new position in shares of Exponent in the 3rd quarter valued at about $224,000. Cubist Systematic Strategies LLC bought a new position in shares of Exponent in the 3rd quarter valued at about $242,000. Finally, Stifel Financial Corp bought a new position in shares of Exponent in the 3rd quarter valued at about $249,000. 89.49% of the stock is owned by 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.
Receive News & Ratings for Exponent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exponent and related companies with MarketBeat.com's FREE daily email newsletter.