Exponent, Inc. (EXPO) to Issue Quarterly Dividend of $0.21 on December 22nd
Exponent, Inc. (NASDAQ:EXPO) declared a quarterly dividend on Thursday, October 19th, Wall Street Journal reports. Investors of record on Friday, December 1st will be paid a dividend of 0.21 per share by the business services provider on Friday, December 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Thursday, November 30th.
Shares of Exponent (NASDAQ:EXPO) opened at $74.80 on Friday. Exponent has a 1-year low of $55.75 and a 1-year high of $77.15. The firm has a market cap of $1,907.41, a P/E ratio of 40.38 and a beta of 0.58.
Exponent (NASDAQ:EXPO) last issued its earnings results on Wednesday, October 18th. The business services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.45 by $0.09. Exponent had a net margin of 16.46% and a return on equity of 17.21%. The company had revenue of $87.60 million for the quarter, compared to analyst estimates of $79.69 million. During the same period in the previous year, the firm earned $0.42 EPS. The business’s revenue was up 12.9% on a year-over-year basis. research analysts anticipate that Exponent will post 2.09 earnings per share for the current fiscal year.
EXPO has been the subject of several analyst reports. Cantor Fitzgerald reissued a “buy” rating and issued a $82.00 target price on shares of Exponent in a research note on Sunday, November 5th. Zacks Investment Research raised shares of Exponent from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Friday, October 20th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and set a $77.00 target price on shares of Exponent in a research report on Thursday, October 19th. One research 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. Exponent has an average rating of “Hold” and a consensus target price of $80.00.
In other news, CEO Paul R. Johnston sold 4,095 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $65.84, for a total transaction of $269,614.80. Following the transaction, the chief executive officer now directly owns 57,240 shares of the company’s stock, valued at $3,768,681.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Paul R. Johnston sold 3,150 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $69.20, for a total value of $217,980.00. Following the transaction, the chief executive officer now directly owns 50,090 shares in the company, valued at $3,466,228. The disclosure for this sale can be found here. Insiders sold 28,993 shares of company stock worth $2,032,975 over the last ninety days. 2.80% of the stock is owned by corporate insiders.
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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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