FY2024 EPS Estimates for Exponent Boosted by William Blair

Exponent, Inc. (NASDAQ:EXPO - Free Report) - Investment analysts at William Blair raised their FY2024 earnings per share estimates for shares of Exponent in a research note issued to investors on Thursday, October 24th. William Blair analyst A. Nicholas now anticipates that the business services provider will post earnings of $2.06 per share for the year, up from their previous estimate of $2.03. The consensus estimate for Exponent's current full-year earnings is $2.04 per share. William Blair also issued estimates for Exponent's Q2 2025 earnings at $0.57 EPS, Q3 2025 earnings at $0.55 EPS and FY2025 earnings at $2.13 EPS.

Exponent (NASDAQ:EXPO - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. Exponent had a return on equity of 28.39% and a net margin of 19.35%. The company had revenue of $132.43 million during the quarter, compared to analyst estimates of $130.83 million. During the same period in the previous year, the business earned $0.50 EPS. Exponent's quarterly revenue was up 2.1% on a year-over-year basis.

Separately, Truist Financial reiterated a "buy" rating and set a $120.00 price objective (up from $100.00) on shares of Exponent in a research note on Friday, July 26th.

Exponent Trading Up 0.9 %

NASDAQ:EXPO traded up $0.88 during trading hours on Monday, hitting $97.80. 221,008 shares of the stock were exchanged, compared to its average volume of 246,930. Exponent has a 52-week low of $68.70 and a 52-week high of $115.75. The firm's fifty day moving average price is $108.84 and its 200 day moving average price is $100.44. The company has a market cap of $4.96 billion, a P/E ratio of 49.39 and a beta of 0.66.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Inspire Advisors LLC lifted its holdings in Exponent by 1.3% in the second quarter. Inspire Advisors LLC now owns 7,615 shares of the business services provider's stock valued at $724,000 after acquiring an additional 98 shares during the last quarter. Caprock Group LLC lifted its stake in Exponent by 4.2% during the second quarter. Caprock Group LLC now owns 3,296 shares of the business services provider's stock worth $314,000 after purchasing an additional 134 shares in the last quarter. GAMMA Investing LLC lifted its stake in Exponent by 67.7% during the second quarter. GAMMA Investing LLC now owns 379 shares of the business services provider's stock worth $36,000 after purchasing an additional 153 shares in the last quarter. Retirement Systems of Alabama lifted its stake in Exponent by 0.3% during the first quarter. Retirement Systems of Alabama now owns 63,568 shares of the business services provider's stock worth $5,256,000 after purchasing an additional 167 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its stake in Exponent by 2.8% during the second quarter. Raymond James Trust N.A. now owns 6,230 shares of the business services provider's stock worth $593,000 after purchasing an additional 172 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP John Pye sold 3,956 shares of the company's stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $105.00, for a total value of $415,380.00. Following the completion of the sale, the vice president now directly owns 28,422 shares in the company, valued at $2,984,310. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.10% of the company's stock.

Exponent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.28 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.15%. Exponent's dividend payout ratio (DPR) is presently 56.57%.

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.