$87.13 Million in Sales Expected for Willdan Group, Inc. (NASDAQ:WLDN) This Quarter

Wall Street analysts expect Willdan Group, Inc. (NASDAQ:WLDN) to post sales of $87.13 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Willdan Group’s earnings, with the lowest sales estimate coming in at $74.05 million and the highest estimate coming in at $100.20 million. Willdan Group reported sales of $59.83 million during the same quarter last year, which indicates a positive year over year growth rate of 45.6%. The firm is scheduled to announce its next earnings results on Thursday, August 1st.

On average, analysts expect that Willdan Group will report full year sales of $385.33 million for the current year, with estimates ranging from $372.35 million to $398.30 million. For the next fiscal year, analysts anticipate that the firm will report sales of $407.40 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Willdan Group.

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



Several research analysts recently issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $79.00 price target on shares of Aimmune Therapeutics in a research report on Thursday, June 6th. ValuEngine upgraded shares of XCel Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. BidaskClub upgraded shares of Misonix from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 3rd. Finally, Zacks Investment Research downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Willdan Group currently has an average rating of “Hold” and a consensus target price of $42.50.

In related news, Chairman Thomas Donald Brisbin sold 33,337 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $35.15, for a total value of $1,171,795.55. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Paul Milton Whitelaw sold 3,500 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $31.74, for a total transaction of $111,090.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,259 shares of company stock worth $1,618,600. Corporate insiders own 10.80% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Summit Creek Advisors LLC lifted its holdings in Willdan Group by 15.5% during the 2nd quarter. Summit Creek Advisors LLC now owns 347,445 shares of the construction company’s stock valued at $12,942,000 after purchasing an additional 46,680 shares during the last quarter. Taylor Wealth Management Partners lifted its holdings in Willdan Group by 0.3% during the 2nd quarter. Taylor Wealth Management Partners now owns 163,289 shares of the construction company’s stock valued at $6,083,000 after purchasing an additional 505 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in Willdan Group by 23.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 291,176 shares of the construction company’s stock valued at $10,846,000 after purchasing an additional 56,058 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Willdan Group during the second quarter worth $263,000. Finally, Cortina Asset Management LLC acquired a new stake in shares of Willdan Group during the second quarter worth $9,241,000. Institutional investors and hedge funds own 80.89% of the company’s stock.

NASDAQ WLDN traded down $0.06 on Tuesday, hitting $35.06. 57,260 shares of the company were exchanged, compared to its average volume of 74,313. The firm’s 50 day simple moving average is $33.94. The company has a market cap of $390.11 million, a P/E ratio of 22.77 and a beta of 1.26. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.59. Willdan Group has a 1-year low of $27.61 and a 1-year high of $40.70.

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.

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