Exponent, Inc. (NASDAQ: EXPO) – Research analysts at Truist Securiti lowered their earnings estimates for the first quarter of 2022 for Exponent in a report released on Wednesday, December 22. Truist Securiti analyst T. Sommer now expects the business services provider to post earnings per share of $ 0.48 for the quarter, down from its previous estimate of $ 0.49. Truist Securiti also released estimates for Exponent’s second quarter 2022 earnings at EPS $ 0.49.
Several other equity research analysts also recently published reports on the stock. Truist increased its target price on Exponent shares from $ 118.00 to $ 126.00 and gave the stock a “buy” rating in a report released on Monday, November 1. Zacks Investment Research downgraded Exponent’s stock from a “hold” rating to a “buy” rating and set a price target of $ 128.00 on the stock in a research report released on Tuesday, November 2. Finally, Truist Securities raised its price target on Exponent shares from $ 118.00 to $ 126.00 and assigned a “buy” rating to the stock in a research report published on Monday, November 1.
EXPO shares opened at $ 113.95 on Friday. The exhibitor has a 12 month minimum of $ 82.13 and a 12 month maximum of $ 127.61. The company’s 50-day moving average is $ 118.43 and its 200-day moving average is $ 109.51. The stock has a market cap of $ 5.94 billion, a P / E ratio of 59.04 and a beta of 0.39. Exponent (NASDAQ: EXPO) last released its quarterly results on Thursday, October 28. The business services provider reported EPS of $ 0.46 for the quarter, beating the Zacks’ consensus estimate of $ 0.39 of $ 0.07. Exponent had a net margin of 22.51% and a return on equity of 26.81%. The company posted revenue of $ 116.41 million for the quarter, compared to $ 104.01 million expected by analysts. In the same quarter of the previous year, the company posted earnings per share of $ 0.34. The company’s revenue for the quarter increased 18.0% year-over-year.
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Major investors have recently bought and sold shares in the company. Harbor Investment Advisory LLC increased its stake in Exponent shares by 370.8% during the 3rd quarter. Harbor Investment Advisory LLC now owns 1,224 shares of the business services provider valued at $ 138,000 after acquiring an additional 964 shares in the last quarter. Ensign Peak Advisors Inc increased its holdings of Exponent shares by 75.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 107,211 shares of the business services provider valued at $ 9,564,000 after acquiring an additional 46,087 shares during the period. Credit Suisse AG increased its stake in Exponent shares by 12.1% in the second quarter. Credit Suisse AG now owns 169,481 shares of the business services provider valued at $ 15,120,000 after acquiring an additional 18,270 shares during the period. Cubist Systematic Strategies LLC increased its stake in Exponent shares by 714.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 25,013 shares of the business service provider valued at $ 2,231,000 after acquiring an additional 21,943 shares during the period. Finally, Ergoteles LLC purchased a new position in Exponent shares in the second quarter valued at $ 767,000. 89.60% of the shares are held by institutional investors and hedge funds.
In addition, Vice-President Maureen TF Reitman sold 2,842 shares in a transaction that took place on Monday, November 8. The stock was sold for an average price of $ 120.00, for a total trade of $ 341,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Additionally, Vice President Harri Kytomaa sold 500 shares of the company in a transaction that took place on Friday, November 12. The shares were sold for an average price of $ 124.83, for a total value of $ 62,415.00. Disclosure of this sale can be found here. Insiders sold 3,953 shares of the company valued at $ 476,775 during the last quarter. Insiders own 1.80% of the shares of the company.
The company also recently declared a quarterly dividend, which was paid on Friday, December 17th. Shareholders of record on Friday, December 3 received a dividend of $ 0.20. The ex-dividend date of this dividend was Thursday, December 2. This represents an annualized dividend of $ 0.80 and a return of 0.70%. The exhibitor payout ratio is currently 41.45%.
About the exhibitor
Exponent, Inc is an engineering and scientific consulting firm, which provides engineering, scientific, environmental and health consulting services. It operates in the following sectors: Engineering and other scientific and environmental and health activities. The Engineering and other scientific activities segment includes technical advice in different practices, mainly in engineering.
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