Exponent (EXPO) Downgraded by BidaskClub

BidaskClub downgraded shares of Exponent (NASDAQ:EXPO) from a strong-buy rating to a buy rating in a research note issued to investors on Friday.

EXPO has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Exponent from a hold rating to a buy rating and set a $55.00 target price for the company in a report on Monday, October 22nd. Berenberg Bank initiated coverage on shares of Exponent in a report on Wednesday, September 12th. They set a buy rating on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Exponent presently has a consensus rating of Buy and an average price target of $45.00.

Shares of Exponent stock opened at $50.27 on Friday. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 46.89 and a beta of 0.61. Exponent has a one year low of $34.90 and a one year high of $54.58.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, October 18th. The business services provider reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.03. The business had revenue of $88.71 million during the quarter, compared to the consensus estimate of $88.52 million. Exponent had a net margin of 13.98% and a return on equity of 20.92%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. On average, equities analysts predict that Exponent will post 1.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, December 6th. This represents a $0.52 annualized dividend and a dividend yield of 1.03%. Exponent’s dividend payout ratio (DPR) is currently 48.60%.

In other news, VP Harri Kytomaa sold 3,000 shares of the company’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $51.50, for a total transaction of $154,500.00. Following the transaction, the vice president now owns 6,090 shares in the company, valued at $313,635. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of EXPO. BlackRock Inc. increased its holdings in shares of Exponent by 121.0% during the second quarter. BlackRock Inc. now owns 7,238,515 shares of the business services provider’s stock valued at $349,620,000 after acquiring an additional 3,963,618 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Exponent by 88.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,736,818 shares of the business services provider’s stock valued at $83,890,000 after acquiring an additional 814,572 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Exponent by 109.9% during the second quarter. Janus Henderson Group PLC now owns 1,062,498 shares of the business services provider’s stock valued at $51,319,000 after acquiring an additional 556,278 shares in the last quarter. Renaissance Technologies LLC boosted its position in Exponent by 88.4% in the second quarter. Renaissance Technologies LLC now owns 1,099,651 shares of the business services provider’s stock valued at $53,113,000 after buying an additional 515,851 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Exponent by 91.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,022,703 shares of the business services provider’s stock valued at $49,397,000 after buying an additional 488,689 shares during the last quarter. Hedge funds and other institutional investors own 88.13% of the company’s stock.

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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