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

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) announced a quarterly dividend on Thursday, July 31st, RTT News reports. Shareholders 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) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 5th.

Exponent has a payout ratio of 56.1% meaning its dividend is sufficiently covered by earnings. Equities research 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 Up 1.0%

Exponent stock traded up $0.70 during trading hours on Monday, reaching $69.03. 62,055 shares of the company's stock were exchanged, compared to its average volume of 309,677. The firm's 50 day simple moving average is $74.71 and its 200 day simple moving average is $80.15. Exponent has a twelve month low of $63.81 and a twelve month high of $115.75. The firm has a market capitalization of $3.50 billion, a PE ratio of 34.53 and a beta of 0.89.

Exponent (NASDAQ:EXPO - Get Free Report) last issued its earnings results on Thursday, July 31st. The business services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $132.87 million during the quarter, compared to the consensus estimate of $130.82 million. Exponent had a return on equity of 24.19% and a net margin of 18.35%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $0.57 EPS. Analysts anticipate that Exponent will post 1.98 EPS for the current year.

About Exponent

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.