Exponent (NASDAQ:EXPO) Issues Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Exponent (NASDAQ:EXPO) released its earnings results on Thursday. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13, Briefing.com reports. The company had revenue of $137.21 million for the quarter, compared to analyst estimates of $125.98 million. Exponent had a net margin of 18.72% and a return on equity of 28.50%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS.

Exponent Trading Up 19.5 %

Shares of Exponent stock opened at $95.21 on Friday. The stock has a market capitalization of $4.82 billion, a P/E ratio of 48.09 and a beta of 0.68. The business’s fifty day moving average price is $79.93 and its 200 day moving average price is $81.88. Exponent has a twelve month low of $64.61 and a twelve month high of $102.72.

Exponent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Friday, June 7th. Exponent’s dividend payout ratio is currently 56.57%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. StockNews.com raised shares of Exponent from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. Truist Financial decreased their price objective on Exponent from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, February 2nd.

Insiders Place Their Bets

In other Exponent news, insider Eric Guyer sold 3,367 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $78.49, for a total transaction of $264,275.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is currently owned by insiders.

Exponent Company Profile

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company in the United States and internationally. The company operates in two segments, Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering and sciences, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences, and vehicle engineering.