Exponent (NASDAQ:EXPO) posted its earnings results on Thursday. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.13, Bloomberg Earnings reports. Exponent had a return on equity of 19.69% and a net margin of 12.52%. The business had revenue of $96.50 million during the quarter, compared to analyst estimates of $87.54 million. During the same quarter last year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year.
Shares of NASDAQ EXPO opened at $85.85 on Friday. Exponent has a fifty-two week low of $56.95 and a fifty-two week high of $86.40. The company has a market cap of $2,199.98, a price-to-earnings ratio of 40.12 and a beta of 0.62.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 8th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.04 dividend on an annualized basis and a yield of 1.21%. Exponent’s dividend payout ratio (DPR) is presently 48.60%.
A number of brokerages have weighed in on EXPO. Cantor Fitzgerald restated a “buy” rating and set a $96.00 price objective on shares of Exponent in a research note on Friday. BidaskClub upgraded Exponent from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Zacks Investment Research upgraded Exponent from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Tuesday, February 27th. SunTrust Banks upgraded Exponent from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research note on Friday, January 26th. Finally, ValuEngine upgraded Exponent from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Exponent currently has an average rating of “Buy” and an average price target of $89.33.
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Exponent Company Profile
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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