MENLO PARK, Calif.—Paul R. Johnston, a director at Exponent Inc. (NASDAQ:EXPO), recently sold 7,000 shares of the company's common stock. The shares were sold at an average price of $103.65, amounting to a total transaction value of approximately $725,543.
In a related transaction, Johnston also acquired 7,000 shares through the exercise of stock options at a price of $37.45 per share. Following these transactions, Johnston's direct ownership stands at 80,742 shares.
The transactions were executed under a pre-established trading plan, as indicated in the company's latest SEC filing.
In other recent news, Exponent Inc. reported a slight rise in its total revenues to $136.3 million, along with an increase in net income to $26 million during its third-quarter earnings call for 2024. Despite a 6% decline in revenue from the environmental and health segment, the company remains optimistic about continued growth and has revised its margin expectations upward for the next quarter. In addition, Exponent anticipates mid-single-digit revenue growth in the fourth quarter of 2024, maintaining its full-year revenue guidance while raising margin expectations.
On another note, Exponent Inc. has announced the resignation of Eric Guyer, Ph.D., who served as the Group Vice President. The company has not provided reasons for Dr. Guyer's departure or information about a successor.
In terms of future plans, the company projects Q4 stock-based compensation between $4.8 million and $5 million, with other operating expenses estimated between $12.8 million and $13.2 million. The tax rate for the fourth quarter is expected to be around 28%. Amid these developments, Exponent plans to gradually increase its headcount in 2025, signaling long-term growth despite current challenges.
InvestingPro Insights
Paul R. Johnston's recent stock transactions at Exponent Inc. (NASDAQ:EXPO) reflect ongoing changes in insider ownership, but a broader look at the company's financial health reveals some interesting insights.
According to InvestingPro data, Exponent boasts a market capitalization of $5.29 billion, with a price-to-earnings (P/E) ratio of 50.2. This high P/E ratio aligns with an InvestingPro Tip indicating that Exponent is trading at a high earnings multiple, suggesting investors are pricing in strong future growth expectations.
Another noteworthy InvestingPro Tip highlights that Exponent has raised its dividend for 12 consecutive years. This consistent dividend growth, coupled with a current dividend yield of 1.07%, may appeal to income-focused investors. The company's ability to maintain and grow its dividend is supported by its solid financial position, as evidenced by another InvestingPro Tip stating that Exponent holds more cash than debt on its balance sheet.
For investors seeking a more comprehensive analysis, InvestingPro offers 11 additional tips for Exponent, providing a deeper understanding of the company's financial health and market position.
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