Exponent, Inc. (NASDAQ:EXPO) announced a quarterly dividend on Friday, July 20th, Wall Street Journal reports. Stockholders of record on Friday, September 7th will be paid a dividend of 0.13 per share by the business services provider on Friday, September 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Thursday, September 6th.
Exponent has raised its dividend payment by an average of 18.9% per year over the last three years and has raised its dividend every year for the last 4 years. Exponent has a payout ratio of 40.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Exponent to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 37.4%.
Shares of EXPO stock opened at $52.65 on Wednesday. Exponent has a 52 week low of $33.72 and a 52 week high of $53.35. The company has a market cap of $2.72 billion, a PE ratio of 45.52 and a beta of 0.59.
Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Thursday, July 19th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Exponent had a net margin of 13.51% and a return on equity of 20.52%. The business had revenue of $95.60 million during the quarter, compared to the consensus estimate of $89.42 million. During the same quarter last year, the firm posted $0.51 EPS. Exponent’s revenue was up 8.9% compared to the same quarter last year. research analysts expect that Exponent will post 1.28 earnings per share for the current year.
Several analysts recently issued reports on EXPO shares. Zacks Investment Research raised shares of Exponent from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. ValuEngine downgraded shares of Exponent from a “buy” rating to a “hold” rating in a report on Monday, June 11th. SunTrust Banks lifted their price objective on shares of Exponent to $56.00 and gave the stock a “buy” rating in a report on Friday, July 20th. Finally, BidaskClub downgraded shares of Exponent from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 30th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $34.67.
In other Exponent news, insider Richard Reiss sold 2,236 shares of Exponent stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $49.43, for a total transaction of $110,525.48. Following the transaction, the insider now directly owns 4,054 shares of the company’s stock, valued at approximately $200,389.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by insiders.
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 Article: Short Selling – Explanation For Shorting 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.