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

Exponent (NASDAQ:EXPO) issued its earnings results on Thursday. The business services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13, Briefing.com reports. The business had revenue of $137.21 million during the quarter, compared to analyst estimates of $125.98 million. Exponent had a return on equity of 28.49% and a net margin of 18.69%. Exponent’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 EPS.

Exponent Trading Up 20.5 %

Shares of NASDAQ:EXPO traded up $16.36 during trading on Friday, reaching $96.04. The stock had a trading volume of 651,134 shares, compared to its average volume of 307,695. The firm’s 50-day simple moving average is $79.55 and its 200 day simple moving average is $81.92. Exponent has a one year low of $64.61 and a one year high of $102.72. The company has a market capitalization of $4.87 billion, a P/E ratio of 49.94 and a beta of 0.68.

Exponent Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.17%. This is a positive change from Exponent’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, March 7th. Exponent’s dividend payout ratio is presently 57.44%.

Analyst Upgrades and Downgrades

EXPO has been the subject of a number of research reports. StockNews.com raised shares of Exponent from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. Truist Financial cut their price objective on shares of Exponent from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, February 2nd.

Insider Buying and Selling

In other news, insider Eric Guyer sold 3,367 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $78.49, for a total transaction of $264,275.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is currently owned by company insiders.

About Exponent

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.