Exponent, Inc. (EXPO) Receives Average Rating of “Buy” from Analysts

Exponent, Inc. (NASDAQ:EXPO) has been assigned an average recommendation of “Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $45.00.

A number of equities research analysts recently commented on the stock. BidaskClub lowered shares of Exponent from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 20th. Zacks Investment Research upgraded shares of Exponent from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Monday, October 22nd. SunTrust Banks raised their price objective on shares of Exponent to $56.00 and gave the stock a “buy” rating in a report on Friday, July 20th. Finally, Berenberg Bank assumed coverage on shares of Exponent in a report on Wednesday, September 12th. They set a “buy” rating on the stock.

In related news, insider Harri Kytomaa sold 7,000 shares of the firm’s stock in a transaction on Friday, October 26th. The shares were sold at an average price of $49.00, for a total transaction of $343,000.00. Following the sale, the insider now directly owns 13,090 shares in the company, valued at $641,410. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.80% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Legal & General Group Plc increased its stake in Exponent by 1.8% in the 1st quarter. Legal & General Group Plc now owns 53,727 shares of the business services provider’s stock valued at $4,218,000 after buying an additional 932 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Exponent by 100.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,952 shares of the business services provider’s stock valued at $143,000 after buying an additional 1,476 shares during the last quarter. Trexquant Investment LP increased its stake in Exponent by 59.0% in the 2nd quarter. Trexquant Investment LP now owns 4,443 shares of the business services provider’s stock valued at $215,000 after buying an additional 1,649 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in Exponent by 5.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 36,004 shares of the business services provider’s stock valued at $1,930,000 after buying an additional 2,013 shares during the last quarter. Finally, Tyers Asset Management LLC increased its stake in Exponent by 88.4% in the 2nd quarter. Tyers Asset Management LLC now owns 4,400 shares of the business services provider’s stock valued at $212,000 after buying an additional 2,064 shares during the last quarter. Institutional investors and hedge funds own 88.69% of the company’s stock.

Shares of EXPO stock opened at $50.46 on Thursday. Exponent has a 52-week low of $34.90 and a 52-week high of $54.58. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 47.16 and a beta of 0.56.

Exponent (NASDAQ:EXPO) last posted its earnings results on Thursday, October 18th. The business services provider reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The company had revenue of $88.71 million for the quarter, compared to analyst estimates of $88.52 million. Exponent had a net margin of 13.98% and a return on equity of 20.92%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share. On average, equities research analysts predict that Exponent will post 1.31 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.03%. Exponent’s payout ratio is 48.60%.

About Exponent

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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