Exponent (NASDAQ:EXPO) Announces Earnings Results

Exponent (NASDAQ:EXPO) posted its quarterly earnings data on Thursday. The business services provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.13, Briefing.com reports. The company had revenue of $137.21 million during the quarter, compared to analyst estimates of $125.98 million. Exponent had a net margin of 18.72% and a return on equity of 28.50%. During the same quarter last year, the firm posted $0.56 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis.

Exponent Price Performance

Exponent stock opened at $95.21 on Friday. Exponent has a fifty-two week low of $64.61 and a fifty-two week high of $102.72. The firm’s 50 day simple moving average is $79.93 and its 200-day simple moving average is $81.88. The company has a market cap of $4.82 billion, a P/E ratio of 48.09 and a beta of 0.68.

Exponent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Friday, June 7th. Exponent’s dividend payout ratio is presently 56.57%.

Wall Street Analyst Weigh In

EXPO has been the subject of several recent research reports. StockNews.com raised shares of Exponent from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. Truist Financial cut their price objective on Exponent from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, February 2nd.

Insider Activity at Exponent

In other news, insider Eric Guyer sold 3,367 shares of Exponent stock in a transaction on Friday, February 9th. The stock was sold at an average price of $78.49, for a total transaction of $264,275.83. The sale was disclosed in a filing with the SEC, which is available at this link. 2.20% of the stock is owned by insiders.

About Exponent

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.