Exponent, Inc. (NASDAQ:EXPO) Declares $0.28 Quarterly Dividend

Exponent, Inc. (NASDAQ:EXPO) declared a quarterly dividend on Wednesday, July 24th, Zacks reports. Shareholders of record on Friday, September 6th will be given a dividend of 0.28 per share by the business services provider on Friday, September 20th. This represents a $1.12 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Friday, September 6th.

Exponent has increased its dividend payment by an average of 11.0% annually over the last three years and has increased its dividend every year for the last 11 years. Exponent has a payout ratio of 53.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Exponent to earn $2.10 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 53.3%.

Exponent Stock Up 0.0 %

Shares of EXPO opened at $106.36 on Thursday. Exponent has a 52-week low of $64.61 and a 52-week high of $108.80. The stock has a fifty day simple moving average of $102.60 and a two-hundred day simple moving average of $92.34. The company has a market capitalization of $5.39 billion, a PE ratio of 53.72 and a beta of 0.65.

Exponent (NASDAQ:EXPO) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.07. Exponent had a net margin of 19.35% and a return on equity of 28.39%. The firm had revenue of $132.43 million during the quarter, compared to analysts’ expectations of $130.83 million. During the same period last year, the business earned $0.50 earnings per share. Exponent’s revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that Exponent will post 2.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Exponent news, VP John Pye sold 3,956 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $105.00, for a total value of $415,380.00. Following the transaction, the vice president now owns 28,422 shares of the company’s stock, valued at $2,984,310. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Paul R. Johnston sold 7,000 shares of Exponent stock in a transaction 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 completion of the sale, the director now directly owns 80,742 shares of the company’s stock, valued at $7,737,505.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP John Pye sold 3,956 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $105.00, for a total value of $415,380.00. Following the completion of the sale, the vice president now owns 28,422 shares in the company, valued at approximately $2,984,310. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,956 shares of company stock valued at $2,408,490. 2.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reaffirmed a “buy” rating and set a $120.00 price target (up previously from $100.00) on shares of Exponent in a research report on Friday, July 26th.

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.