Q3 2024 EPS Estimates for Exponent, Inc. (NASDAQ:EXPO) Lowered by Analyst

Exponent, Inc. (NASDAQ:EXPO) – Analysts at William Blair decreased their Q3 2024 earnings per share estimates for Exponent in a research report issued on Friday, April 26th. William Blair analyst A. Nicholas now forecasts that the business services provider will post earnings per share of $0.42 for the quarter, down from their prior forecast of $0.44. The consensus estimate for Exponent’s current full-year earnings is $1.76 per share. William Blair also issued estimates for Exponent’s Q4 2024 earnings at $0.40 EPS, Q2 2025 earnings at $0.54 EPS, Q3 2025 earnings at $0.48 EPS, Q4 2025 earnings at $0.47 EPS and FY2025 earnings at $2.04 EPS.

A number of other research analysts have also recently weighed in on the stock. Truist Financial dropped their target price on shares of Exponent from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. StockNews.com upgraded Exponent from a “sell” rating to a “hold” rating in a research note on Monday, March 4th.

Exponent Stock Performance

EXPO opened at $95.21 on Monday. Exponent has a fifty-two week low of $64.61 and a fifty-two week high of $102.72. The firm has a 50-day moving average of $79.93 and a 200 day moving average of $81.82. The firm has a market cap of $4.82 billion, a P/E ratio of 48.09 and a beta of 0.68.

Exponent (NASDAQ:EXPO) last released its earnings results on Thursday, April 25th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.13. The company had revenue of $137.21 million during the quarter, compared to analyst estimates of $125.98 million. Exponent had a return on equity of 28.50% and a net margin of 18.72%. Exponent’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share.

Exponent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.12 dividend on an annualized basis and a yield of 1.18%. Exponent’s dividend payout ratio is presently 56.57%.

Insiders Place Their Bets

In related news, insider Eric Guyer sold 3,367 shares of Exponent stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $78.49, for a total value of $264,275.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Exponent

A number of institutional investors have recently added to or reduced their stakes in EXPO. Exchange Traded Concepts LLC lifted its holdings in shares of Exponent by 1,092.5% in the third quarter. Exchange Traded Concepts LLC now owns 7,453 shares of the business services provider’s stock worth $638,000 after buying an additional 6,828 shares in the last quarter. Raymond James & Associates increased its holdings in Exponent by 2.1% during the 3rd quarter. Raymond James & Associates now owns 484,488 shares of the business services provider’s stock worth $41,472,000 after acquiring an additional 10,046 shares during the period. New York State Teachers Retirement System lifted its stake in Exponent by 2.6% in the 3rd quarter. New York State Teachers Retirement System now owns 40,168 shares of the business services provider’s stock worth $3,438,000 after purchasing an additional 1,020 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Exponent by 43.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,211 shares of the business services provider’s stock valued at $1,131,000 after purchasing an additional 3,994 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Exponent by 8.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 288,253 shares of the business services provider’s stock valued at $24,674,000 after purchasing an additional 22,559 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Exponent Company Profile

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company in the United States and internationally. The company operates in two segments, Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering and sciences, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences, and vehicle engineering.