Zacks: Brokerages Expect Willdan Group, Inc. (NASDAQ:WLDN) to Announce $0.85 Earnings Per Share

Brokerages expect Willdan Group, Inc. (NASDAQ:WLDN) to announce $0.85 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Willdan Group’s earnings. The highest EPS estimate is $0.90 and the lowest is $0.80. Willdan Group posted earnings per share of $0.56 in the same quarter last year, which would suggest a positive year-over-year growth rate of 51.8%. The company is expected to announce its next earnings results on Thursday, November 7th.

According to Zacks, analysts expect that Willdan Group will report full-year earnings of $2.43 per share for the current year, with EPS estimates ranging from $2.40 to $2.46. For the next year, analysts expect that the company will post earnings of $2.70 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Willdan Group.

Willdan Group (NASDAQ:WLDN) last released its earnings results on Thursday, August 1st. The construction company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.09). The firm had revenue of $104.40 million during the quarter, compared to analyst estimates of $87.13 million. Willdan Group had a net margin of 1.62% and a return on equity of 10.83%.



Several equities analysts recently issued reports on WLDN shares. ValuEngine upgraded shares of Willdan Group from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Zacks Investment Research lowered shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Wedbush restated an “outperform” rating and issued a $45.00 target price on shares of Willdan Group in a report on Thursday, June 6th. Finally, BidaskClub upgraded shares of Willdan Group from a “hold” rating to a “buy” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Willdan Group has a consensus rating of “Buy” and an average price target of $41.67.

WLDN stock traded down $0.17 during midday trading on Friday, hitting $38.45. The stock had a trading volume of 94,880 shares, compared to its average volume of 62,086. The firm has a market cap of $432.37 million, a P/E ratio of 24.97 and a beta of 1.06. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.67. Willdan Group has a 1-year low of $29.06 and a 1-year high of $40.70. The business has a fifty day moving average price of $36.18 and a two-hundred day moving average price of $35.88.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Taylor Wealth Management Partners raised its holdings in shares of Willdan Group by 0.3% during the second 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 period. Summit Global Investments raised its holdings in shares of Willdan Group by 3.0% during the second quarter. Summit Global Investments now owns 20,700 shares of the construction company’s stock valued at $771,000 after purchasing an additional 600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Willdan Group during the second quarter valued at about $27,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Willdan Group by 3.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 25,005 shares of the construction company’s stock valued at $932,000 after purchasing an additional 849 shares during the period. Finally, New York State Teachers Retirement System bought a new stake in shares of Willdan Group during the first quarter worth about $33,000. Hedge funds and other institutional investors own 86.87% 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 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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