Exponent, Inc. (EXPO) to Distribute Quarterly Dividend of $0.31 on September 18th

Exponent, Inc. (NASDAQ:EXPO) announced a quarterly dividend on Thursday, July 30th. Investors of record on Friday, September 4th will be given a dividend of 0.31 per share by the business services provider on Friday, September 18th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th.

Exponent has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 12 years. Exponent has a dividend payout ratio of 57.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Exponent to earn $2.58 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 48.1%.

Exponent Stock Performance

Exponent stock opened at $66.85 on Friday. The stock’s fifty day moving average is $60.00 and its two-hundred day moving average is $65.23. Exponent has a fifty-two week low of $51.91 and a fifty-two week high of $81.95. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 29.98 and a beta of 0.72.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, July 30th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. Exponent had a net margin of 17.67% and a return on equity of 29.63%. The company had revenue of $171.61 million during the quarter, compared to analysts’ expectations of $144.99 million. During the same quarter in the previous year, the business posted $0.52 earnings per share. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Exponent will post 2.28 EPS for the current fiscal 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.