Willdan Group (NASDAQ:WLDN) Updates FY 2024 Earnings Guidance

Willdan Group (NASDAQ:WLDN) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 1.800-1.870 for the period, compared to the consensus earnings per share estimate of 1.810. The company issued revenue guidance of $270.0 million-$280.0 million, compared to the consensus revenue estimate of $277.5 million.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Roth Mkm reissued a buy rating and issued a $34.00 price target (up previously from $27.00) on shares of Willdan Group in a research note on Friday, March 22nd. StockNews.com cut Willdan Group from a strong-buy rating to a buy rating in a research note on Saturday, March 16th. Finally, Wedbush increased their price target on Willdan Group from $30.00 to $35.00 and gave the stock an outperform rating in a research note on Monday, March 25th.

Willdan Group Trading Up 9.9 %

Shares of NASDAQ WLDN opened at $31.29 on Monday. Willdan Group has a 12 month low of $14.10 and a 12 month high of $32.66. The company has a market cap of $432.43 million, a price-to-earnings ratio of 33.65 and a beta of 1.47. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $26.50 and a 200-day simple moving average of $22.19.

Willdan Group (NASDAQ:WLDN) last announced its earnings results on Thursday, March 7th. The construction company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.35 by $0.37. The business had revenue of $155.68 million during the quarter, compared to the consensus estimate of $160.00 million. Willdan Group had a return on equity of 10.80% and a net margin of 2.44%. During the same period in the prior year, the business posted $0.25 earnings per share. Sell-side analysts predict that Willdan Group will post 1.5 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Fund L.P. Forager sold 10,456 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $29.83, for a total value of $311,902.48. Following the completion of the sale, the insider now directly owns 1,900,057 shares of the company’s stock, valued at approximately $56,678,700.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 147,147 shares of company stock valued at $4,462,997. Corporate insiders own 9.80% of the company’s stock.

Willdan Group Company Profile

Willdan Group, Inc, together with its subsidiaries, provides professional, technical, and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.