Willdan Group, Inc. (NASDAQ:WLDN) Expected to Announce Earnings of $0.58 Per Share

Equities analysts expect Willdan Group, Inc. (NASDAQ:WLDN) to post $0.58 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Willdan Group’s earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.59. Willdan Group posted earnings of $0.50 per share during the same quarter last year, which would suggest a positive year over year growth rate of 16%. The company is scheduled to report its next earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Willdan Group will report full-year earnings of $2.44 per share for the current financial year, with EPS estimates ranging from $2.42 to $2.45. For the next financial year, analysts anticipate that the business will post earnings of $2.70 per share. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Willdan Group.

Willdan Group (NASDAQ:WLDN) last released its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The firm had revenue of $91.79 million during the quarter, compared to the consensus estimate of $80.79 million. Willdan Group had a return on equity of 12.34% and a net margin of 2.39%.

Several research firms have recently commented on WLDN. ValuEngine downgraded Willdan Group from a “buy” rating to a “hold” rating in a report on Thursday, May 30th. BidaskClub upgraded Willdan Group from a “sell” rating to a “hold” rating in a report on Tuesday. Wedbush restated an “outperform” rating and set a $45.00 price objective on shares of Willdan Group in a report on Thursday, June 6th. Finally, Zacks Investment Research upgraded Willdan Group from a “sell” rating to a “hold” rating in a report on Saturday, May 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $42.50.

In related news, Chairman Thomas Donald Brisbin sold 8,701 shares of Willdan Group stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $32.26, for a total transaction of $280,694.26. Following the transaction, the chairman now owns 211,474 shares of the company’s stock, valued at $6,822,151.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Paul Milton Whitelaw sold 3,500 shares of Willdan Group stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $31.74, for a total value of $111,090.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,259 shares of company stock worth $1,618,600. 10.80% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in WLDN. Lord Abbett & CO. LLC purchased a new position in shares of Willdan Group during the fourth quarter valued at approximately $11,733,000. Rice Hall James & Associates LLC boosted its position in shares of Willdan Group by 111.0% during the first quarter. Rice Hall James & Associates LLC now owns 507,745 shares of the construction company’s stock valued at $18,822,000 after buying an additional 267,081 shares during the last quarter. Handelsbanken Fonder AB purchased a new position in shares of Willdan Group during the first quarter valued at approximately $8,716,000. BlackRock Inc. boosted its position in shares of Willdan Group by 26.7% during the fourth quarter. BlackRock Inc. now owns 687,836 shares of the construction company’s stock valued at $24,060,000 after buying an additional 145,102 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its position in shares of Willdan Group by 74.6% during the first quarter. Federated Investors Inc. PA now owns 283,451 shares of the construction company’s stock valued at $10,507,000 after buying an additional 121,066 shares during the last quarter. 78.70% of the stock is currently owned by institutional investors.

NASDAQ WLDN opened at $35.66 on Friday. The company has a market cap of $369.41 million, a PE ratio of 23.16 and a beta of 1.25. Willdan Group has a 52 week low of $27.61 and a 52 week high of $40.70. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.59.

About Willdan Group

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 survey, program design, master planning, benchmarking analysis, design engineering, construction management, performance contracting, installation, alternative financing, and measurement and verification services.

Recommended Story: Margin

Get a free copy of the Zacks research report on Willdan Group (WLDN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Willdan Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willdan Group and related companies with MarketBeat.com's FREE daily email newsletter.