Exponent, Inc. to Issue Quarterly Dividend of $0.28 (NASDAQ:EXPO)

Exponent, Inc. (NASDAQ:EXPO - Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Friday, June 7th will be paid a dividend of 0.28 per share by the business services provider on Friday, June 21st. This represents a $1.12 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Friday, June 7th.

Exponent has increased its dividend payment by an average of 11.0% per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Exponent has a payout ratio of 57.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Exponent to earn $1.96 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 57.1%.

Exponent Price Performance

NASDAQ:EXPO traded up $15.53 on Friday, reaching $95.21. 997,258 shares of the company's stock were exchanged, compared to its average volume of 220,354. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 48.09 and a beta of 0.68. Exponent has a 52 week low of $64.61 and a 52 week high of $102.72. The stock has a fifty day simple moving average of $79.93 and a 200-day simple moving average of $81.88.

Exponent (NASDAQ:EXPO - Get Free Report) last issued its earnings results on Thursday, April 25th. The business services provider reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.13. The firm had revenue of $137.21 million during the quarter, compared to analyst estimates of $125.98 million. Exponent had a net margin of 18.72% and a return on equity of 28.50%. The company's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business earned $0.56 earnings per share. As a group, sell-side analysts predict that Exponent will post 1.76 EPS for the current year.

Insider Activity

In other news, insider Eric Guyer sold 3,367 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $78.49, for a total value of $264,275.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EXPO shares. Truist Financial cut their target price on shares of Exponent from $110.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, February 2nd. StockNews.com upgraded shares of Exponent from a "sell" rating to a "hold" rating in a research report on Monday, March 4th.

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.