MENLO PARK, CA—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 $98.32 each, totaling approximately $688,258. Following the sale, Johnston holds 59,406 shares in the company.
In a related transaction, Johnston exercised options to acquire 7,000 shares at a price of $37.45 per share, a move valued at $262,150. These transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission, reflecting Johnston's continued involvement and investment activities within the company.
In other recent news, Exponent Inc. reported a slight rise in its total revenues, reaching $136.3 million, and 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 anticipates mid-single-digit revenue growth in the fourth quarter of 2024, maintaining its full-year revenue guidance while raising margin expectations. The company also 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, and a tax rate expected to be around 28%.
In another significant development, Exponent Inc. announced the resignation of Eric Guyer, Ph.D., who served as the Group Vice President. The reasons for Dr. Guyer's departure or information about a successor were not provided, and the company has not made any additional statements concerning his resignation or the future direction of the company's leadership.
These are recent developments in the company, which also plans to gradually increase its headcount in 2025, signaling long-term growth despite current challenges. Contributions from consumer electronics and utilities engagements have fostered this growth, reinforcing Exponent's market-leading position in providing expert consultation in engineering and scientific fields.
InvestingPro Insights
While Paul R. Johnston's recent stock transactions at Exponent Inc. (NASDAQ:EXPO) have caught investors' attention, it's crucial to consider the broader financial picture of the company. According to InvestingPro data, Exponent boasts a market capitalization of $4.92 billion and a P/E ratio of 46.58, indicating a premium valuation relative to earnings.
Exponent's financial health appears robust, with an InvestingPro Tip highlighting that the company holds more cash than debt on its balance sheet. This strong liquidity position is further supported by the fact that Exponent's liquid assets exceed short-term obligations, providing financial flexibility.
Despite recent insider selling, Exponent has demonstrated a commitment to shareholder returns. An InvestingPro Tip notes that the company has raised its dividend for 12 consecutive years, with a current dividend yield of 1.15%. This consistent dividend growth may appeal to income-focused investors, even as the stock has experienced volatility, with a 13.73% decline in the past month.
For investors seeking a more comprehensive analysis, InvestingPro offers 13 additional tips on Exponent, providing deeper insights into the company's financial performance and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.