Exponent, Inc. (NASDAQ:EXPO) Declares Quarterly Dividend of $0.31

Exponent, Inc. (NASDAQ:EXPO) declared a quarterly dividend on Thursday, July 30th. Shareholders 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 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%per year 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 Trading Down 1.9%

EXPO opened at $64.57 on Friday. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 30.03 and a beta of 0.72. The stock has a fifty day simple moving average of $59.82 and a two-hundred day simple moving average of $65.22. Exponent has a 12-month low of $51.91 and a 12-month high of $81.95.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, July 30th. The business services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $171.61 million for the quarter, compared to analysts’ expectations of $144.99 million. Exponent had a net margin of 18.07% and a return on equity of 27.94%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 EPS. On average, analysts predict that Exponent will post 2.28 EPS for the current year.

Exponent Company Profile

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.