Exponent (NASDAQ:EXPO) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of Exponent (NASDAQ:EXPO) from a sell rating to a hold rating in a report published on Friday morning, BidAskClub reports.

Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of Exponent from a hold rating to a buy rating and set a $72.00 price objective on the stock in a report on Thursday. SunTrust Banks upped their target price on Exponent from $70.00 to $81.00 and gave the stock a buy rating in a report on Friday, September 20th. Sidoti increased their target price on Exponent from $60.00 to $72.00 and gave the company a neutral rating in a research report on Thursday, October 3rd. William Blair reaffirmed a market perform rating on shares of Exponent in a research report on Friday, October 18th. Finally, DA Davidson initiated coverage on Exponent in a report on Wednesday, August 28th. They issued a neutral rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $74.50.

NASDAQ:EXPO traded up $0.61 during mid-day trading on Friday, reaching $65.55. The company’s stock had a trading volume of 225,781 shares, compared to its average volume of 227,952. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.05. Exponent has a 1 year low of $46.00 and a 1 year high of $72.70. The stock has a fifty day moving average of $63.81 and a 200-day moving average of $64.67. The firm has a market capitalization of $3.40 billion, a PE ratio of 52.44 and a beta of 0.38.

Exponent (NASDAQ:EXPO) last posted its earnings results on Thursday, October 17th. The business services provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. Exponent had a net margin of 19.88% and a return on equity of 23.62%. The business had revenue of $101.50 million for the quarter, compared to the consensus estimate of $100.17 million. During the same quarter last year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts expect that Exponent will post 1.5 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, December 5th. Exponent’s dividend payout ratio is currently 51.20%.

In related news, Director Paul R. Johnston sold 8,008 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $63.45, for a total transaction of $508,107.60. Following the completion of the sale, the director now owns 96,515 shares of the company’s stock, valued at $6,123,876.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul R. Johnston sold 3,992 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $64.73, for a total transaction of $258,402.16. Following the sale, the director now directly owns 92,499 shares of the company’s stock, valued at approximately $5,987,460.27. The disclosure for this sale can be found here. Insiders sold a total of 67,800 shares of company stock worth $4,301,198 over the last 90 days. Company insiders own 2.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System lifted its holdings in shares of Exponent by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 80,510 shares of the business services provider’s stock valued at $4,713,000 after purchasing an additional 1,067 shares during the last quarter. Strs Ohio increased its position in Exponent by 62.4% during the 2nd quarter. Strs Ohio now owns 22,900 shares of the business services provider’s stock valued at $1,340,000 after buying an additional 8,800 shares in the last quarter. Virginia Retirement Systems ET AL raised its stake in Exponent by 67.5% in the second quarter. Virginia Retirement Systems ET AL now owns 42,200 shares of the business services provider’s stock valued at $2,470,000 after buying an additional 17,000 shares during the last quarter. SG Americas Securities LLC raised its stake in Exponent by 950.8% in the second quarter. SG Americas Securities LLC now owns 63,266 shares of the business services provider’s stock valued at $3,704,000 after buying an additional 57,245 shares during the last quarter. Finally, Aperio Group LLC raised its stake in Exponent by 6.8% in the second quarter. Aperio Group LLC now owns 25,227 shares of the business services provider’s stock valued at $1,477,000 after buying an additional 1,602 shares during the last quarter. 88.72% of the stock is currently owned by institutional investors and hedge funds.

Exponent Company Profile

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.

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Analyst Recommendations for Exponent (NASDAQ:EXPO)

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