Exponent (NASDAQ:EXPO) Issues Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Exponent (NASDAQ:EXPO) posted its earnings results on Thursday. The business services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.07, Briefing.com reports. Exponent had a return on equity of 29.01% and a net margin of 19.35%. The firm had revenue of $132.43 million during the quarter, compared to analysts’ expectations of $130.83 million. During the same quarter in the previous year, the business earned $0.50 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year.

Exponent Price Performance

Shares of NASDAQ:EXPO traded down $0.62 during trading on Friday, reaching $105.45. The company had a trading volume of 359,737 shares, compared to its average volume of 190,804. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 53.26 and a beta of 0.65. The stock’s fifty day moving average price is $97.16 and its 200 day moving average price is $88.42. Exponent has a fifty-two week low of $64.61 and a fifty-two week high of $108.00.

Exponent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, September 6th. Exponent’s payout ratio is currently 56.57%.

Insider Activity

In other news, Director Paul R. Johnston sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $95.83, for a total value of $670,810.00. Following the transaction, the director now owns 80,742 shares of the company’s stock, valued at $7,737,505.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Paul R. Johnston sold 6,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $95.11, for a total transaction of $570,660.00. Following the transaction, the director now owns 79,236 shares of the company’s stock, valued at $7,536,135.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul R. Johnston sold 7,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $95.83, for a total value of $670,810.00. Following the completion of the sale, the director now directly owns 80,742 shares in the company, valued at approximately $7,737,505.86. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,067 shares of company stock valued at $4,734,995. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial reiterated a “buy” rating and issued a $120.00 price objective (up previously from $100.00) on shares of Exponent in a research note on Friday.

Exponent Company Profile

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.