Exponent (NASDAQ:EXPO) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.

A number of other research analysts have also commented on the company. Cantor Fitzgerald reissued a “buy” rating and set a $82.00 price objective on shares of Exponent in a report on Sunday, November 5th. Zacks Investment Research lowered Exponent from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, SunTrust Banks reissued a “hold” rating and set a $77.00 price objective on shares of Exponent in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Exponent has an average rating of “Hold” and an average price target of $80.00.

Exponent (NASDAQ:EXPO) opened at $71.10 on Friday. The company has a market capitalization of $1,835.16, a PE ratio of 38.85 and a beta of 0.57. Exponent has a fifty-two week low of $55.75 and a fifty-two week high of $77.15.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings data on Wednesday, October 18th. The business services provider reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.09. The business had revenue of $87.60 million for the quarter, compared to analyst estimates of $79.69 million. Exponent had a return on equity of 17.21% and a net margin of 16.46%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 EPS. equities research analysts anticipate that Exponent will post 2.09 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC grew its holdings in Exponent by 89.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,897 shares of the business services provider’s stock valued at $111,000 after buying an additional 897 shares during the last quarter. Advisor Group Inc. grew its holdings in Exponent by 15.4% in the 2nd quarter. Advisor Group Inc. now owns 2,131 shares of the business services provider’s stock valued at $124,000 after buying an additional 284 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Exponent by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,157 shares of the business services provider’s stock valued at $184,000 after buying an additional 474 shares during the last quarter. Bank of Montreal Can grew its holdings in Exponent by 0.7% in the 2nd quarter. Bank of Montreal Can now owns 3,231 shares of the business services provider’s stock valued at $189,000 after buying an additional 22 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Exponent by 28.8% in the 2nd quarter. Sei Investments Co. now owns 3,392 shares of the business services provider’s stock valued at $198,000 after buying an additional 759 shares during the last quarter. 88.58% of the stock is currently owned by hedge funds and other institutional investors.

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Exponent Company Profile

Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.

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