Exponent (NASDAQ:EXPO) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Key Points

• Exponent (NASDAQ:EXPO) reported quarterly earnings of $0.52 EPS, exceeding analyst expectations by $0.04 and achieving 7.3% revenue growth year-over-year.
• The company has declared a quarterly dividend of $0.30 per share, with a yield of 1.8% and a payout ratio of 60%.
• Recent insider sales include transactions by vice presidents John Pye and Joseph Rakow, which contributed to a 1.60% insider ownership of Exponent's stock.

Exponent (NASDAQ:EXPO - Get Free Report) announced its quarterly earnings results on Thursday. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04, Zacks reports. Exponent had a net margin of 18.35% and a return on equity of 24.19%. The firm had revenue of $132.87 million during the quarter, compared to analysts' expectations of $130.82 million. During the same period in the prior year, the company posted $0.57 EPS. The company's revenue was up 7.3% on a year-over-year basis.

Exponent Stock Up 0.5%

NASDAQ EXPO traded up $0.39 on Wednesday, hitting $71.60. The company's stock had a trading volume of 63,802 shares, compared to its average volume of 310,178. Exponent has a 1-year low of $63.81 and a 1-year high of $115.75. The company's 50-day moving average is $74.47 and its 200 day moving average is $79.94. The firm has a market cap of $3.63 billion, a PE ratio of 35.87 and a beta of 0.89.

Exponent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, September 5th. Exponent's dividend payout ratio is 60.00%.

Insider Buying and Selling at Exponent

In other Exponent 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 SEC, which can be accessed through this hyperlink. Also, VP Bradley A. James sold 2,694 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $79.52, for a total transaction of $214,226.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,267 shares of company stock worth $489,120. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Exponent

A hedge fund recently raised its stake in Exponent stock. Jane Street Group LLC increased its position in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 1,481.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,222 shares of the business services provider's stock after purchasing an additional 119,175 shares during the period. Jane Street Group LLC owned approximately 0.25% of Exponent worth $10,313,000 at the end of the most recent quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

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.