Exponent, Inc. (EXPO) to Issue Quarterly Dividend of $0.30 on June 20th

Exponent, Inc. (NASDAQ:EXPO) declared a quarterly dividend on Wednesday, April 30th, RTT News reports. Investors of record on Friday, June 6th will be paid a dividend of 0.30 per share by the business services provider on Friday, June 20th. This represents a $1.20 annualized dividend and a yield of 1.53%. The ex-dividend date is Friday, June 6th.

Exponent has increased its dividend payment by an average of 11.9% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Exponent has a payout ratio of 56.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Exponent to earn $2.17 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 55.3%.

Exponent Stock Up 1.5%

Shares of EXPO opened at $78.24 on Wednesday. Exponent has a fifty-two week low of $73.37 and a fifty-two week high of $115.75. The company’s fifty day moving average is $78.32 and its two-hundred day moving average is $85.86. The firm has a market cap of $3.97 billion, a PE ratio of 36.91 and a beta of 0.95.

Exponent (NASDAQ:EXPO) last issued its earnings results on Thursday, May 1st. The business services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Exponent had a return on equity of 27.27% and a net margin of 19.52%. The firm had revenue of $137.44 million for the quarter, compared to analysts’ expectations of $134.63 million. During the same quarter last year, the firm earned $0.59 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts anticipate that Exponent will post 1.98 earnings per share for the current year.

Insider Activity

In related news, VP Joseph Rakow sold 1,573 shares of the company’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $77.72, for a total transaction of $122,253.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John Pye sold 2,000 shares of the stock in a transaction on Friday, May 23rd. The shares were 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 now owns 29,204 shares of the company’s stock, valued at approximately $2,228,849.28. This represents a 6.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,267 shares of company stock valued at $489,120 in the last three months. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Exponent

A hedge fund recently bought a new stake in Exponent stock. United Services Automobile Association bought a new position in shares of Exponent, Inc. (NASDAQ:EXPO) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,282 shares of the business services provider’s stock, valued at approximately $270,000. 92.37% of the stock is currently owned by institutional investors.

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.