Stocks: FY2017 EPS Estimates for Exponent, Inc. Raised by Cantor Fitzgerald (EXPO)

Stocks: FY2017 EPS Estimates for Exponent, Inc. Raised by Cantor Fitzgerald (EXPO)

Exponent, Inc. (NASDAQ:EXPO) – Stock analysts at Cantor Fitzgerald increased their FY2017 EPS estimates for Exponent in a research report issued on Tuesday. Cantor Fitzgerald analyst J. Foresi now expects that the business services provider will earn $1.83 per share for the year, up from their previous estimate of $1.77. Cantor Fitzgerald currently has a “Overweight” rating and a $69.00 price objective on the stock.

Separately, Zacks Investment Research downgraded shares of Exponent from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th.

Shares of Exponent (NASDAQ:EXPO) traded up 0.33% during mid-day trading on Thursday, hitting $60.60. The company’s stock had a trading volume of 19,059 shares. The company has a 50-day moving average price of $59.82 and a 200-day moving average price of $59.35. The stock has a market cap of $1.57 billion, a PE ratio of 33.69 and a beta of 0.63. Exponent has a 1-year low of $45.00 and a 1-year high of $64.80.

Exponent (NASDAQ:EXPO) last announced its quarterly earnings results on Wednesday, April 19th. The business services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by $0.09. Exponent had a return on equity of 15.76% and a net margin of 15.07%. The company had revenue of $80.47 million during the quarter, compared to analyst estimates of $79.32 million. During the same period in the prior year, the firm earned $0.56 EPS. Exponent’s quarterly revenue was up 1.9% on a year-over-year basis.

Large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue increased its stake in shares of Exponent by 0.7% in the first quarter. State of Alaska Department of Revenue now owns 2,830 shares of the business services provider’s stock valued at $168,000 after buying an additional 20 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of Exponent by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,760 shares of the business services provider’s stock valued at $294,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Exponent by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the business services provider’s stock valued at $619,000 after buying an additional 100 shares during the period. Arizona State Retirement System increased its stake in shares of Exponent by 0.8% in the first quarter. Arizona State Retirement System now owns 13,296 shares of the business services provider’s stock valued at $792,000 after buying an additional 100 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Exponent by 0.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 43,249 shares of the business services provider’s stock valued at $2,608,000 after buying an additional 126 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.84 annualized dividend and a yield of 1.39%. Exponent’s dividend payout ratio (DPR) is currently 41.14%.

Exponent Company Profile

Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.

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