Exponent, Inc. (NASDAQ:EXPO) to Issue Quarterly Dividend of $0.30

Key Points

• Exponent, Inc. has declared a quarterly dividend of $0.30 per share for investors of record on September 5th, with payments scheduled for September 19th.
• The company has a current payout ratio of 56.1%, indicating that its dividend is well-supported by earnings, with an anticipated future payout ratio of 55.3%.
• Exponent reported earnings of $0.52 per share for the last quarter, exceeding expectations and showing a slight revenue increase from the previous year.

Exponent, Inc. (NASDAQ:EXPO - Get Free Report) declared a quarterly dividend on Thursday, July 31st, RTT News reports. Investors of record on Friday, September 5th will be paid a dividend of 0.30 per share by the business services provider on Friday, September 19th. This represents a c) annualized dividend and a yield of 1.7%.

Exponent has a payout ratio of 56.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Exponent to earn $2.17 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 55.3%.

Exponent Stock Performance

NASDAQ:EXPO traded up $0.13 during mid-day trading on Thursday, hitting $68.96. 543,806 shares of the company's stock traded hands, compared to its average volume of 307,063. The company has a fifty day moving average of $75.04 and a 200 day moving average of $80.62. The company has a market capitalization of $3.50 billion, a P/E ratio of 33.64 and a beta of 0.90. Exponent has a twelve month low of $67.69 and a twelve month high of $115.75.

Exponent (NASDAQ:EXPO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $137.44 million for the quarter, compared to the consensus estimate of $134.63 million. Exponent had a return on equity of 25.33% and a net margin of 18.87%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 EPS. On average, research analysts expect that Exponent will post 1.98 earnings per share for the current fiscal year.

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.

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