Brokerages expect Willdan Group, Inc. (NASDAQ:WLDN) to post $57.17 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Willdan Group’s earnings, with the lowest sales estimate coming in at $55.44 million and the highest estimate coming in at $58.90 million. Willdan Group reported sales of $57.43 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.5%. The business is scheduled to announce its next quarterly earnings report on Thursday, March 8th.

According to Zacks, analysts expect that Willdan Group will report full year sales of $57.17 million for the current year, with estimates ranging from $264.63 million to $268.10 million. For the next year, analysts anticipate that the business will post sales of $302.24 million per share, with estimates ranging from $296.00 million to $308.47 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Willdan Group.

Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. The company had revenue of $69.00 million during the quarter, compared to analysts’ expectations of $60.39 million. Willdan Group had a return on equity of 18.10% and a net margin of 3.90%. The company’s revenue was up 17.5% on a year-over-year basis.

WLDN has been the subject of several recent analyst reports. Zacks Investment Research raised Willdan Group from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Thursday, October 19th. ValuEngine raised Willdan Group from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Seaport Global Securities reaffirmed a “buy” rating and set a $37.00 target price on shares of Willdan Group in a research note on Wednesday, October 11th. Finally, BidaskClub cut Willdan Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Willdan Group has a consensus rating of “Buy” and an average price target of $36.50.

Shares of Willdan Group (NASDAQ WLDN) opened at $24.33 on Thursday. Willdan Group has a one year low of $20.60 and a one year high of $36.87. The firm has a market capitalization of $219.18, a PE ratio of 21.75 and a beta of 1.12. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.46 and a quick ratio of 1.46.

In other news, Director Douglas James Mceachern purchased 1,180 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average price of $27.32 per share, for a total transaction of $32,237.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Raymond W. Holdsworth, Jr. purchased 2,500 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was purchased at an average price of $25.73 per share, for a total transaction of $64,325.00. The disclosure for this purchase can be found here. Company insiders own 13.30% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its holdings in Willdan Group by 0.6% in the second quarter. Renaissance Technologies LLC now owns 475,700 shares of the construction company’s stock worth $14,533,000 after acquiring an additional 2,984 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Willdan Group by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 414,920 shares of the construction company’s stock worth $13,468,000 after acquiring an additional 6,232 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Willdan Group by 12.8% in the second quarter. Vanguard Group Inc. now owns 306,407 shares of the construction company’s stock worth $9,361,000 after acquiring an additional 34,791 shares in the last quarter. Eagle Asset Management Inc. boosted its holdings in Willdan Group by 48.0% in the third quarter. Eagle Asset Management Inc. now owns 262,361 shares of the construction company’s stock worth $8,629,000 after acquiring an additional 85,042 shares in the last quarter. Finally, Thrivent Financial For Lutherans bought a new position in Willdan Group in the second quarter worth approximately $5,331,000. Institutional investors and hedge funds own 66.05% of the company’s stock.

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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, primarily in California and New York. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.

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Earnings History and Estimates for Willdan Group (NASDAQ:WLDN)

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