Zacks: Analysts Expect Willdan Group, Inc. (NASDAQ:WLDN) Will Post Quarterly Sales of $106.43 Million

Wall Street brokerages expect Willdan Group, Inc. (NASDAQ:WLDN) to announce $106.43 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Willdan Group’s earnings, with the lowest sales estimate coming in at $100.00 million and the highest estimate coming in at $112.85 million. Willdan Group posted sales of $86.44 million during the same quarter last year, which suggests a positive year over year growth rate of 23.1%. The firm is scheduled to announce its next earnings results on Thursday, March 5th.

On average, analysts expect that Willdan Group will report full year sales of $420.10 million for the current financial year, with estimates ranging from $413.70 million to $426.50 million. For the next year, analysts expect that the firm will report sales of $468.75 million, with estimates ranging from $407.40 million to $530.10 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Willdan Group.

A number of research analysts recently issued reports on WLDN shares. Zacks Investment Research reissued a “sell” rating on shares of Willdan Group in a research report on Saturday, October 5th. TheStreet cut shares of Willdan Group from a “b” rating to a “c+” rating in a report on Friday, November 1st. BidaskClub raised shares of Willdan Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine lowered shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Willdan Group presently has an average rating of “Hold” and an average target price of $42.50.

Shares of NASDAQ:WLDN traded up $0.16 during midday trading on Friday, reaching $28.91. The company’s stock had a trading volume of 67,501 shares, compared to its average volume of 71,035. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.68. The firm has a 50 day moving average of $31.34 and a 200-day moving average of $34.04. The firm has a market capitalization of $322.63 million, a P/E ratio of 18.77 and a beta of 1.04. Willdan Group has a 12-month low of $26.39 and a 12-month high of $40.70.

A number of large investors have recently made changes to their positions in WLDN. Rice Hall James & Associates LLC grew its stake in shares of Willdan Group by 43.8% in the second quarter. Rice Hall James & Associates LLC now owns 730,288 shares of the construction company’s stock worth $27,203,000 after acquiring an additional 222,543 shares during the last quarter. DNB Asset Management AS bought a new stake in Willdan Group during the 3rd quarter valued at about $3,364,000. Russell Investments Group Ltd. increased its stake in Willdan Group by 86.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 205,962 shares of the construction company’s stock valued at $7,673,000 after purchasing an additional 95,611 shares in the last quarter. River & Mercantile Asset Management LLP purchased a new position in Willdan Group in the second quarter worth about $2,216,000. Finally, Boston Partners purchased a new position in Willdan Group in the second quarter worth about $2,112,000. Institutional investors and hedge funds own 86.55% of the company’s stock.

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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