Exhibitor, Inc. (NASDAQ: EXPO – Get a rating) – Equity researchers William Blair cut their third quarter 2022 earnings per share (EPS) estimates for Exponent in a research note published Monday, August 1. William Blair analyst A. Nicholas now expects the business services provider to post earnings of $0.41 per share for the quarter, down from its previous estimate of $0.42. The consensus estimate for Exponent’s current annual earnings is $1.85 per share. William Blair also released estimates for Exponent Q4 2022 earnings at $0.38 EPS, FY2022 earnings at $1.84 EPS, Q2 2023 earnings at $0.52 EPS and Q4 2023 earnings at $0.43 EPS.
Separately, Truist Financial raised its price target on Exponent from $115.00 to $120.00 and gave the company a “buy” rating in a Tuesday, April 5 research note.
Exhibitor Stock Performance
Exhibitor stock opened at $97.77 on Tuesday. The company has a market capitalization of $5.07 billion, a P/E ratio of 51.73 and a beta of 0.57. The company’s fifty-day moving average is $90.62 and its two-hundred-day moving average is $94.24. Exhibitor has a 52 week minimum of $80.97 and a 52 week maximum of $127.61.
Exponent (NASDAQ: EXPO – Get a rating) last released its quarterly earnings data on Thursday, July 28. The business services provider reported EPS of $0.49 for the quarter, beating analyst consensus estimates of $0.44 by $0.05. The company posted revenue of $130.28 million for the quarter, versus analyst estimates of $118.53 million. Exponent had a return on equity of 25.93% and a net margin of 20.53%. The company’s revenue increased 8.7% year over year. In the same quarter of the previous year, the company made earnings per share of $0.48.
Exhibitor Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 23. Investors of record on Friday, September 9 will receive a dividend of $0.24. The ex-date of this dividend is Thursday, September 8. This represents a dividend of $0.96 on an annualized basis and a yield of 0.98%. The exhibitor’s dividend payout ratio is currently 50.79%.
Institutional investors weigh in on the exhibitor
Major investors have recently changed their stake in the company. National Bank of Canada FI acquired a new position in Exponent during the fourth quarter worth approximately $259,000. Van ECK Associates Corp increased its stake in Exponent by 9.3% during the fourth quarter. Van ECK Associates Corp now owns 1,314 shares of the business services provider worth $153,000 after acquiring 112 additional shares during the period. Janney Montgomery Scott LLC increased its stake in Exponent by 7.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 45,718 shares of the business services provider worth $5,337,000 after acquiring 3,216 additional shares during the period. Allspring Global Investments Holdings LLC bought a new position in Exponent stock in Q4 worth $2,820,000. Finally, Commonwealth Equity Services LLC increased its stake in Exponent shares by 6.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 8,831 shares of the business services provider valued at $1,030,000 after buying an additional 517 shares in the last quarter. 89.82% of the shares are currently held by institutional investors.
About the exhibitor
Exponent, Inc, together with its subsidiaries, operates as a worldwide science and engineering consulting company. It operates in two segments, Engineering and Other Scientific Activities, and Environment and Health. The Engineering and Other Scientific Activities segment provides services in the fields of biomechanics, engineering and biomedical sciences, buildings and structures, civil engineering, construction consultancy, data science, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymers science and materials chemistry, thermal sciences, and vehicle engineering.
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