Exponent (NASDAQ:EXPO) Posts 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) issued its quarterly earnings results on Thursday. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04, Zacks reports. The business had revenue of $132.87 million for the quarter, compared to the consensus estimate of $130.82 million. Exponent had a net margin of 18.35% and a return on equity of 24.24%. The firm's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS.

Exponent Stock Performance

NASDAQ:EXPO traded down $0.63 on Friday, hitting $68.33. 949,090 shares of the stock were exchanged, compared to its average volume of 275,776. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 34.17 and a beta of 0.90. Exponent has a 52 week low of $63.81 and a 52 week high of $115.75. The company's 50-day moving average price is $74.71 and its 200 day moving average price is $80.32.

Exponent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, September 5th. This represents a $1.20 annualized dividend and a yield of 1.8%. Exponent's dividend payout ratio is 60.00%.

Insiders Place Their Bets

In other news, VP John Pye sold 2,000 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $76.32, for a total value of $152,640.00. Following the completion of the sale, the vice president directly owned 29,204 shares of the company's stock, valued at $2,228,849.28. This represents a 6.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Joseph Rakow sold 1,573 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $77.72, for a total value of $122,253.56. The disclosure for this sale can be found here. In the last three months, insiders sold 6,267 shares of company stock valued at $489,120. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Exponent

An institutional investor recently bought a new position in Exponent stock. United Services Automobile Association purchased a new position in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,282 shares of the business services provider's stock, valued at approximately $270,000. 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.

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