Wedbush Comments on Willdan Group Inc.’s Q4 2016 Earnings (WLDN)
Willdan Group Inc. (NASDAQ:WLDN) – Equities researchers at Wedbush increased their Q4 2016 earnings per share estimates for shares of Willdan Group in a note issued to investors on Monday. Wedbush analyst A. Kaschalk now expects that the firm will post earnings of $0.15 per share for the quarter, up from their previous forecast of $0.11. Wedbush has a “Outperform” rating and a $20.00 price target on the stock. Wedbush also issued estimates for Willdan Group’s Q1 2017 earnings at $0.17 EPS and Q4 2017 earnings at $0.13 EPS.
Willdan Group (NASDAQ:WLDN) last posted its earnings results on Thursday, November 3rd. The company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.07. The business earned $58.70 million during the quarter, compared to analyst estimates of $51.09 million. Willdan Group had a return on equity of 16.60% and a net margin of 3.88%.
Separately, Zacks Investment Research upgraded Willdan Group from a “sell” rating to a “hold” rating and set a $22.00 target price for the company in a report on Saturday, November 5th.
Willdan Group (NASDAQ:WLDN) opened at 18.53 on Wednesday. The stock’s 50 day moving average price is $17.43 and its 200 day moving average price is $13.60. The stock has a market cap of $153.76 million, a price-to-earnings ratio of 28.25 and a beta of 1.42. Willdan Group has a one year low of $6.95 and a one year high of $19.49.
Large investors have recently modified their holdings of the company. Tocqueville Asset Management L.P. raised its stake in shares of Willdan Group by 82.3% in the second quarter. Tocqueville Asset Management L.P. now owns 206,394 shares of the company’s stock worth $2,192,000 after buying an additional 93,194 shares in the last quarter. ClariVest Asset Management LLC acquired a new stake in shares of Willdan Group during the third quarter worth about $350,000. Wells Fargo & Company MN acquired a new stake in shares of Willdan Group during the third quarter worth about $163,000. Navellier & Associates Inc acquired a new stake in shares of Willdan Group during the third quarter worth about $227,000. Finally, Vanguard Group Inc. raised its stake in shares of Willdan Group by 0.8% in the second quarter. Vanguard Group Inc. now owns 235,156 shares of the company’s stock worth $2,498,000 after buying an additional 1,834 shares in the last quarter. 32.09% of the stock is owned by hedge funds and other institutional investors.
About Willdan Group
Willdan Group, Inc is a holding company. The Company provides professional technical and consulting services to utilities, private industry and public agencies at all levels of government. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.
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