Zacks: Brokerages Expect Willdan Group, Inc. (WLDN) to Post $0.44 Earnings Per Share

Equities research analysts expect Willdan Group, Inc. (NASDAQ:WLDN) to report earnings of $0.44 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Willdan Group’s earnings, with estimates ranging from $0.35 to $0.52. Willdan Group reported earnings per share of $0.36 during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.2%. The company is scheduled to report its next earnings results on Thursday, August 2nd.

According to Zacks, analysts expect that Willdan Group will report full year earnings of $1.59 per share for the current year, with EPS estimates ranging from $1.57 to $1.60. For the next year, analysts anticipate that the business will post earnings of $1.98 per share, with EPS estimates ranging from $1.95 to $2.01. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Willdan Group.

Willdan Group (NASDAQ:WLDN) last released its earnings results on Thursday, May 3rd. The construction company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.10. The firm had revenue of $54.60 million for the quarter, compared to the consensus estimate of $77.16 million. Willdan Group had a return on equity of 15.35% and a net margin of 4.50%.

Several brokerages have weighed in on WLDN. Roth Capital began coverage on Willdan Group in a research report on Friday, June 15th. They set a “buy” rating and a $39.00 price target on the stock. BidaskClub raised Willdan Group from a “hold” rating to a “buy” rating in a research report on Thursday. ValuEngine downgraded Willdan Group from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. Zacks Investment Research raised Willdan Group from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Wednesday, March 14th. Finally, Canaccord Genuity set a $36.00 price target on Willdan Group and gave the stock a “buy” rating in a research report on Sunday, March 11th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $35.50.

In other news, President Michael A. Bieber sold 4,000 shares of the stock in a transaction dated Wednesday, May 23rd. The shares were sold at an average price of $26.99, for a total transaction of $107,960.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Paul Milton Whitelaw sold 4,709 shares of the stock in a transaction dated Wednesday, May 23rd. The stock was sold at an average price of $27.18, for a total transaction of $127,990.62. The disclosure for this sale can be found here. 11.50% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Northern Trust Corp boosted its stake in shares of Willdan Group by 2.7% during the 1st quarter. Northern Trust Corp now owns 108,176 shares of the construction company’s stock worth $3,066,000 after acquiring an additional 2,868 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Willdan Group by 0.6% during the 4th quarter. BlackRock Inc. now owns 478,747 shares of the construction company’s stock worth $11,461,000 after acquiring an additional 3,054 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Willdan Group by 23.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 18,099 shares of the construction company’s stock worth $514,000 after acquiring an additional 3,400 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Willdan Group by 1.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 281,990 shares of the construction company’s stock worth $7,994,000 after acquiring an additional 3,676 shares in the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of Willdan Group by 15.5% during the 4th quarter. Advisor Group Inc. now owns 30,302 shares of the construction company’s stock worth $725,000 after acquiring an additional 4,069 shares in the last quarter. 62.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of WLDN opened at $30.97 on Thursday. The stock has a market cap of $274.49 million, a price-to-earnings ratio of 26.25 and a beta of 0.87. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.76 and a current ratio of 1.76. Willdan Group has a fifty-two week low of $19.25 and a fifty-two week high of $36.87.

About Willdan Group

Willdan Group, Inc, together with its subsidiaries, provides professional technical and consulting services to utilities, private industry, and public agencies at various levels of government primarily in the Unites States. 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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