Exponent (EXPO) Set to Announce Earnings on Thursday
Exponent (NASDAQ:EXPO) will post its quarterly earnings results after the market closes on Thursday, October 18th. Analysts expect Exponent to post earnings of $0.28 per share for the quarter.
Exponent (NASDAQ:EXPO) last posted its earnings results on Thursday, July 19th. The business services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $95.60 million during the quarter, compared to analyst estimates of $89.42 million. Exponent had a return on equity of 20.52% and a net margin of 13.51%. Exponent’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. On average, analysts expect Exponent to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Exponent stock opened at $48.68 on Wednesday. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 45.21 and a beta of 0.56. Exponent has a twelve month low of $34.80 and a twelve month high of $54.58.
In other news, insider Richard Reiss sold 2,236 shares of the stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $49.43, for a total transaction of $110,525.48. Following the completion of the sale, the insider now owns 4,054 shares in the company, valued at approximately $200,389.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.70% of the company’s stock.
A number of analysts have weighed in on the company. BidaskClub lowered Exponent from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 20th. Berenberg Bank assumed coverage on Exponent in a report on Wednesday, September 12th. They set a “buy” rating for the company. Zacks Investment Research upgraded Exponent from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Finally, SunTrust Banks upped their target price on Exponent to $56.00 and gave the stock a “buy” rating in a report on Friday, July 20th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $34.67.
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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