Exponent (NASDAQ:EXPO) Hits New 52-Week Low - What's Next?

Key Points

• Exponent, Inc. (NASDAQ:EXPO) shares recently hit a new 52-week low at $71.08 during trading, down from a previous close of $72.23, with a total volume of 119,680 shares exchanged.
• The company reported $0.52 earnings per share for the last quarter, exceeding expectations, and recorded a slight year-over-year revenue increase of 0.2% to $137.44 million.
• Exponent also announced a quarterly dividend of $0.30 per share, resulting in an annualized dividend rate of $1.20 and a yield of 1.69%.

Exponent, Inc. (NASDAQ:EXPO - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $71.23 and last traded at $71.08, with a volume of 119680 shares traded. The stock had previously closed at $72.23.

Exponent Stock Performance

The company has a market cap of $3.50 billion, a PE ratio of 33.53 and a beta of 0.90. The stock's 50 day moving average price is $74.87 and its 200-day moving average price is $80.47.

Exponent (NASDAQ:EXPO - Get Free Report) last released its quarterly 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 firm had revenue of $132.87 million during the quarter, compared to analyst estimates of $130.82 million. Exponent had a net margin of 18.87% and a return on equity of 25.33%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 EPS. On average, analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. Exponent's dividend payout ratio is currently 58.54%.

Insider Transactions at Exponent

In related news, VP John Pye sold 2,000 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $76.32, for a total transaction of $152,640.00. Following the completion of the sale, the vice president owned 29,204 shares of the company's stock, valued at approximately $2,228,849.28. This represents a 6.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joseph Rakow sold 1,573 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $77.72, for a total transaction of $122,253.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,267 shares of company stock worth $489,120. 1.60% of the stock is currently owned by insiders.

Institutional Trading of Exponent

Several institutional investors have recently modified their holdings of the company. Bank of Montreal Can increased its position in Exponent by 1.5% in the 4th quarter. Bank of Montreal Can now owns 8,747 shares of the business services provider's stock worth $779,000 after purchasing an additional 131 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Exponent by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,946 shares of the business services provider's stock valued at $481,000 after buying an additional 155 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in Exponent by 3.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,418 shares of the business services provider's stock valued at $394,000 after acquiring an additional 161 shares in the last quarter. Mitchell & Pahl Private Wealth LLC raised its stake in shares of Exponent by 2.5% during the first quarter. Mitchell & Pahl Private Wealth LLC now owns 6,709 shares of the business services provider's stock worth $544,000 after buying an additional 164 shares during the last quarter. Finally, Portside Wealth Group LLC increased its stake in Exponent by 6.0% in the first quarter. Portside Wealth Group LLC now owns 2,993 shares of the business services provider's stock valued at $243,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

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.