Exponent, Inc. (EXPO) To Go Ex-Dividend on June 7th

Exponent, Inc. (NASDAQ:EXPO) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Friday, June 7th will be given a dividend of 0.28 per share by the business services provider on Friday, June 21st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, June 7th.

Exponent has raised its dividend by an average of 11.0% per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Exponent has a dividend payout ratio of 57.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Exponent to earn $1.96 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 57.1%.

Exponent Trading Up 19.5 %

Shares of NASDAQ:EXPO traded up $15.53 during mid-day trading on Friday, reaching $95.21. The stock had a trading volume of 997,258 shares, compared to its average volume of 220,354. The company has a market cap of $4.82 billion, a P/E ratio of 48.09 and a beta of 0.68. Exponent has a 1 year low of $64.61 and a 1 year high of $102.72. The business’s 50 day moving average price is $79.93 and its 200 day moving average price is $81.94.

Exponent (NASDAQ:EXPO) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. The company had revenue of $137.21 million for the quarter, compared to the consensus estimate of $125.98 million. Exponent had a return on equity of 28.50% and a net margin of 18.72%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 earnings per share. Analysts predict that Exponent will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Eric Guyer sold 3,367 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $78.49, for a total transaction of $264,275.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on EXPO. StockNews.com raised Exponent from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. Truist Financial reduced their price objective on Exponent from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd.

Exponent Company Profile

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.