Brokerages Expect Willdan Group, Inc. (NASDAQ:WLDN) Will Announce Earnings of $0.32 Per Share

Equities analysts expect that Willdan Group, Inc. (NASDAQ:WLDN) will report earnings of $0.32 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Willdan Group’s earnings. The lowest EPS estimate is $0.24 and the highest is $0.40. Willdan Group posted earnings per share of $0.46 during the same quarter last year, which would indicate a negative year over year growth rate of 30.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, March 10th.

On average, analysts expect that Willdan Group will report full-year earnings of $1.32 per share for the current financial year, with EPS estimates ranging from $1.23 to $1.40. For the next financial year, analysts expect that the company will report earnings of $2.28 per share, with EPS estimates ranging from $2.25 to $2.31. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Willdan Group.

Willdan Group (NASDAQ:WLDN) last released its quarterly earnings data on Thursday, November 4th. The construction company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.43. Willdan Group had a positive return on equity of 1.89% and a negative net margin of 3.22%. The company had revenue of $98.30 million for the quarter, compared to the consensus estimate of $101.33 million. During the same period in the previous year, the business earned $0.41 earnings per share.

Separately, Zacks Investment Research upgraded shares of Willdan Group from a “hold” rating to a “strong-buy” rating and set a $40.00 target price for the company in a research note on Friday, January 7th.

NASDAQ:WLDN opened at $31.57 on Wednesday. Willdan Group has a 1 year low of $30.01 and a 1 year high of $54.99. The firm has a 50 day moving average of $37.87 and a 200-day moving average of $37.10. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $403.84 million, a P/E ratio of -33.23 and a beta of 1.24.

In related news, CEO Thomas Donald Brisbin sold 15,936 shares of the business’s stock in a transaction that occurred on Thursday, December 9th. The shares were sold at an average price of $41.84, for a total value of $666,762.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Paul Milton Whitelaw sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 15th. The stock was sold at an average price of $40.93, for a total transaction of $450,230.00. The disclosure for this sale can be found here. Insiders sold 33,342 shares of company stock valued at $1,380,373 in the last quarter. 12.30% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of WLDN. Lord Abbett & CO. LLC raised its position in Willdan Group by 25.4% in the 2nd quarter. Lord Abbett & CO. LLC now owns 285,269 shares of the construction company’s stock worth $10,738,000 after purchasing an additional 57,779 shares during the last quarter. Fiera Capital Corp raised its position in shares of Willdan Group by 395.9% during the 2nd quarter. Fiera Capital Corp now owns 42,154 shares of the construction company’s stock valued at $1,054,000 after acquiring an additional 33,654 shares during the last quarter. Summit Creek Advisors LLC raised its position in shares of Willdan Group by 7.4% during the 3rd quarter. Summit Creek Advisors LLC now owns 346,448 shares of the construction company’s stock valued at $12,330,000 after acquiring an additional 23,888 shares during the last quarter. Deutsche Bank AG raised its position in shares of Willdan Group by 259.9% during the 2nd quarter. Deutsche Bank AG now owns 24,924 shares of the construction company’s stock valued at $938,000 after acquiring an additional 17,998 shares during the last quarter. Finally, State Street Corp raised its position in shares of Willdan Group by 9.2% during the 2nd quarter. State Street Corp now owns 204,747 shares of the construction company’s stock valued at $7,707,000 after acquiring an additional 17,327 shares during the last quarter. Hedge funds and other institutional investors own 77.32% of the company’s stock.

About Willdan Group

Willdan Group, Inc engages in the provision of technical and consulting services. It operates through the following segments: Energy and Engineering and Consulting. The Energy segment offers energy and sustainability consulting services to utilities, public agencies and private industry. The Engineering and Consulting segment operates through Willdan Engineering, Willdan Infrastructure, Public Agency Resources, Willdan Financial Services and Willdan Homeland Solutions.

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