Exponent (EXPO) Lowered to Sell at BidaskClub

BidaskClub cut shares of Exponent (NASDAQ:EXPO) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning, BidAskClub reports.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Exponent from a hold rating to a buy rating and set a $56.00 target price on the stock in a research note on Monday, February 4th. Cantor Fitzgerald restated a buy rating and set a $56.00 target price on shares of Exponent in a research note on Friday, February 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Exponent currently has an average rating of Hold and an average price target of $56.00.

EXPO stock opened at $56.35 on Tuesday. Exponent has a fifty-two week low of $41.15 and a fifty-two week high of $58.42. The company has a market cap of $2.90 billion, a P/E ratio of 45.08 and a beta of 0.47.

Exponent (NASDAQ:EXPO) last released its earnings results on Thursday, January 31st. The business services provider reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. Exponent had a net margin of 19.04% and a return on equity of 21.53%. The firm had revenue of $85.27 million for the quarter, compared to analyst estimates of $88.21 million. As a group, analysts predict that Exponent will post 1.37 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.16 dividend. This is a positive change from Exponent’s previous quarterly dividend of $0.13. This represents a $0.64 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, March 7th. Exponent’s dividend payout ratio is currently 51.20%.

In other Exponent news, insider Harri Kytomaa sold 2,366 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $56.27, for a total value of $133,134.82. Following the transaction, the insider now directly owns 3,816 shares in the company, valued at $214,726.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC boosted its holdings in shares of Exponent by 52.4% in the third quarter. AQR Capital Management LLC now owns 24,612 shares of the business services provider’s stock valued at $1,319,000 after acquiring an additional 8,466 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Exponent by 2.8% in the third quarter. Vanguard Group Inc. now owns 5,147,145 shares of the business services provider’s stock valued at $275,887,000 after acquiring an additional 139,183 shares during the period. MML Investors Services LLC boosted its holdings in shares of Exponent by 14.0% in the fourth quarter. MML Investors Services LLC now owns 5,425 shares of the business services provider’s stock valued at $275,000 after acquiring an additional 665 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Exponent by 31.9% in the third quarter. Nordea Investment Management AB now owns 89,494 shares of the business services provider’s stock valued at $4,797,000 after acquiring an additional 21,642 shares during the period. Finally, Copeland Capital Management LLC boosted its holdings in shares of Exponent by 3.1% in the fourth quarter. Copeland Capital Management LLC now owns 394,419 shares of the business services provider’s stock valued at $20,001,000 after acquiring an additional 11,918 shares during the period. Institutional investors own 90.18% of the company’s stock.

About Exponent

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.

Featured Story: FAANG Stocks

Receive News & Ratings for Exponent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exponent and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit