Exponent, Inc. (EXPO) To Go Ex-Dividend on March 6th

Exponent, Inc. (NASDAQ:EXPO) declared a quarterly dividend on Wednesday, February 4th. Shareholders of record on Friday, March 6th will be given a dividend of 0.31 per share by the business services provider on Friday, March 20th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, March 6th. This is a 3.3% increase from Exponent’s previous quarterly dividend of $0.30.

Exponent has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 12 years. Exponent has a payout ratio of 57.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Exponent to earn $2.17 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 57.1%.

Exponent Trading Up 0.1%

Shares of EXPO stock opened at $73.85 on Wednesday. Exponent has a 12-month low of $63.81 and a 12-month high of $87.88. The business’s fifty day simple moving average is $72.36 and its 200-day simple moving average is $71.03. The company has a market cap of $3.64 billion, a PE ratio of 35.50 and a beta of 0.77.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, February 5th. The business services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Exponent had a return on equity of 25.51% and a net margin of 18.21%.The firm had revenue of $147.43 million for the quarter, compared to the consensus estimate of $128.48 million. During the same period in the previous year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts forecast that Exponent will post 1.98 earnings per share for the current year.

About Exponent

Exponent, Inc (NASDAQ: EXPO) is an engineering and scientific consulting firm that offers multidisciplinary analysis and advisory services to clients across a range of industries. The company’s expertise spans mechanical, materials and corrosion engineering, civil and structural engineering, electrical engineering, industrial hygiene, toxicology and health sciences, and failure analysis. Exponent provides support for product design, performance evaluation, litigation consulting, and regulatory compliance, helping manufacturers, insurers, law firms and government agencies address complex technical challenges.

Founded in 1967 in Menlo Park, California, Exponent has grown from a small failure-analysis laboratory into a global consulting practice.