Exponent, Inc. (NASDAQ:EXPO) CFO Richard L. Schlenker, Jr. sold 22,243 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $70.57, for a total transaction of $1,569,688.51. Following the transaction, the chief financial officer now owns 247,118 shares in the company, valued at $17,439,117.26. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Exponent stock traded down $0.95 during trading hours on Thursday, reaching $69.94. 1,705 shares of the company’s stock traded hands, compared to its average volume of 218,917. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.60 and a current ratio of 3.60. Exponent, Inc. has a fifty-two week low of $44.44 and a fifty-two week high of $72.15. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 56.00 and a beta of 0.43. The firm’s 50 day moving average is $65.89 and its 200-day moving average is $58.82.
Exponent (NASDAQ:EXPO) last released its earnings results on Thursday, July 18th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. Exponent had a net margin of 19.64% and a return on equity of 23.44%. The company had revenue of $106.50 million for the quarter, compared to the consensus estimate of $95.77 million. During the same period in the prior year, the company posted $0.34 EPS. The company’s revenue was up 11.4% compared to the same quarter last year. Analysts predict that Exponent, Inc. will post 1.47 EPS for the current year.
A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Exponent from a “hold” rating to a “strong-buy” rating and set a $76.00 target price on the stock in a research report on Monday, July 22nd. ValuEngine downgraded shares of Exponent from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. BidaskClub upgraded shares of Exponent from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. SunTrust Banks set a $70.00 target price on shares of Exponent and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Cantor Fitzgerald upped their target price on shares of Exponent from $64.00 to $73.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $73.00.
Several large investors have recently made changes to their positions in EXPO. Tower Research Capital LLC TRC raised its position in shares of Exponent by 787.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 612 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 543 shares during the period. Bremer Bank National Association acquired a new stake in shares of Exponent in the 1st quarter valued at approximately $55,000. Quadrant Capital Group LLC raised its position in shares of Exponent by 961.2% in the 1st quarter. Quadrant Capital Group LLC now owns 1,040 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 942 shares during the period. Ellis Investment Partners LLC acquired a new stake in shares of Exponent in the 1st quarter valued at approximately $90,000. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of Exponent in the 2nd quarter valued at approximately $91,000. Institutional investors and hedge funds own 86.53% of the company’s stock.
Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.
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