Zacks: Analysts Expect Exponent, Inc. (EXPO) Will Announce Quarterly Sales of $78.45 Million
Wall Street brokerages expect Exponent, Inc. (NASDAQ:EXPO) to post $78.45 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Exponent’s earnings, with estimates ranging from $77.80 million to $79.10 million. Exponent reported sales of $72.75 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.8%. The company is scheduled to announce its next earnings report after the market closes on Thursday, February 1st.
According to Zacks, analysts expect that Exponent will report full-year sales of $78.45 million for the current year, with estimates ranging from $324.75 million to $326.10 million. For the next financial year, analysts forecast that the business will post sales of $335.96 million per share, with estimates ranging from $331.41 million to $340.50 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Exponent.
Exponent (NASDAQ:EXPO) last issued its quarterly earnings data on Wednesday, October 18th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. Exponent had a net margin of 16.46% and a return on equity of 17.21%. The firm had revenue of $87.60 million for the quarter, compared to the consensus estimate of $79.69 million. During the same quarter in the previous year, the firm earned $0.42 EPS. The company’s quarterly revenue was up 12.9% compared to the same quarter last year.
EXPO has been the topic of a number of analyst reports. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $82.00 price objective on shares of Exponent in a research report on Sunday, November 5th. BidaskClub downgraded shares of Exponent from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Zacks Investment Research downgraded shares of Exponent from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, SunTrust Banks reissued a “hold” rating and set a $77.00 target price on shares of Exponent in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Exponent has a consensus rating of “Hold” and a consensus price target of $80.00.
Exponent (EXPO) opened at $71.80 on Tuesday. Exponent has a 12-month low of $55.75 and a 12-month high of $77.15. The stock has a market cap of $1,853.21, a P/E ratio of 35.02 and a beta of 0.57.
The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 1st were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, November 30th. Exponent’s dividend payout ratio is presently 40.98%.
A number of large investors have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. boosted its holdings in shares of Exponent by 2.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,409 shares of the business services provider’s stock valued at $199,000 after acquiring an additional 70 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Exponent by 5.1% in the 2nd quarter. Amalgamated Bank now owns 3,553 shares of the business services provider’s stock valued at $207,000 after acquiring an additional 171 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Exponent by 0.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 63,306 shares of the business services provider’s stock valued at $3,691,000 after acquiring an additional 256 shares during the last quarter. Profund Advisors LLC boosted its holdings in shares of Exponent by 6.0% in the 2nd quarter. Profund Advisors LLC now owns 4,800 shares of the business services provider’s stock valued at $280,000 after acquiring an additional 272 shares during the last quarter. Finally, Advisor Group Inc. boosted its holdings in shares of 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 acquiring an additional 284 shares during the last quarter. 88.61% of the stock is currently owned by 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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