Exponent, Inc. (EXPO) Rating Reiterated by SunTrust Banks, Inc.
SunTrust Banks, Inc. restated their hold rating on shares of Exponent, Inc. (NASDAQ:EXPO) in a report released on Thursday. The firm currently has a $77.00 target price on the business services provider’s stock. SunTrust Banks also issued estimates for Exponent’s Q4 2017 earnings at $0.41 EPS, FY2017 earnings at $2.08 EPS, Q1 2018 earnings at $0.48 EPS, Q2 2018 earnings at $0.54 EPS, Q3 2018 earnings at $0.47 EPS, Q4 2018 earnings at $0.46 EPS and FY2018 earnings at $1.95 EPS.
A number of other research analysts have also issued reports on the company. Cantor Fitzgerald reiterated a buy rating and set a $75.00 price target (up previously from $69.00) on shares of Exponent in a research report on Wednesday, July 19th. BidaskClub lowered Exponent from a sell rating to a strong sell rating in a research report on Tuesday, June 27th. Zacks Investment Research upgraded Exponent from a hold rating to a buy rating and set a $74.00 price target for the company in a research report on Thursday, July 20th. Finally, ValuEngine upgraded Exponent from a sell rating to a hold rating in a research report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $80.00.
Exponent (NASDAQ:EXPO) traded up 0.21% on Thursday, reaching $72.50. The company’s stock had a trading volume of 44,537 shares. The firm has a market capitalization of $1.87 billion, a P/E ratio of 37.58 and a beta of 0.61. Exponent has a 52-week low of $53.45 and a 52-week high of $77.15. The firm has a 50-day moving average price of $72.72 and a 200 day moving average price of $64.21.
Exponent (NASDAQ:EXPO) last announced its quarterly earnings results on Wednesday, October 18th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.09. Exponent had a return on equity of 17.21% and a net margin of 16.46%. The company had revenue of $87.60 million during the quarter, compared to analyst estimates of $79.69 million. During the same quarter in the previous year, the firm posted $0.42 EPS. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. Equities analysts anticipate that Exponent will post $2.09 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, November 30th. Exponent’s dividend payout ratio is presently 40.98%.
In other news, insider Harri Kytomaa sold 12,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $66.38, for a total transaction of $796,560.00. Following the sale, the insider now directly owns 11,360 shares of the company’s stock, valued at $754,076.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Paul R. Johnston sold 3,000 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $74.01, for a total value of $222,030.00. Following the sale, the chief executive officer now directly owns 32,342 shares in the company, valued at $2,393,631.42. The disclosure for this sale can be found here. Insiders sold a total of 75,993 shares of company stock worth $5,109,149 in the last three months. Company insiders own 2.80% of the company’s stock.
Several institutional investors have recently made changes to their positions in EXPO. UBS Asset Management Americas Inc. raised its position in shares of Exponent by 37.2% during the first quarter. UBS Asset Management Americas Inc. now owns 56,173 shares of the business services provider’s stock worth $3,345,000 after purchasing an additional 15,221 shares during the period. Karp Capital Management Corp acquired a new stake in shares of Exponent during the first quarter worth $549,000. Parametric Portfolio Associates LLC raised its position in shares of Exponent by 11.9% during the first quarter. Parametric Portfolio Associates LLC now owns 79,840 shares of the business services provider’s stock worth $4,754,000 after purchasing an additional 8,502 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of Exponent during the first quarter worth $132,000. Finally, Victory Capital Management Inc. raised its position in shares of Exponent by 9.2% during the first quarter. Victory Capital Management Inc. now owns 2,683 shares of the business services provider’s stock worth $160,000 after purchasing an additional 226 shares during the period. 88.29% of the stock is currently owned by institutional investors.
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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