Brokerages expect Willdan Group, Inc. (NASDAQ:WLDN) to announce $0.39 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Willdan Group’s earnings, with estimates ranging from $0.34 to $0.43. Willdan Group reported earnings of $0.17 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 129.4%. The business is expected to report its next earnings report on Thursday, August 5th.
According to Zacks, analysts expect that Willdan Group will report full-year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.20. For the next fiscal year, analysts forecast that the firm will post earnings of $2.60 per share, with EPS estimates ranging from $2.30 to $2.90. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Willdan Group.
Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings data on Thursday, May 6th. The construction company reported ($0.08) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.08). Willdan Group had a negative net margin of 2.78% and a positive return on equity of 3.44%. The business had revenue of $79.09 million for the quarter, compared to the consensus estimate of $106.88 million.
In related news, President Michael A. Bieber sold 5,350 shares of the company’s stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $46.43, for a total value of $248,400.50. Following the transaction, the president now owns 74,574 shares in the company, valued at approximately $3,462,470.82. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Thomas Donald Brisbin sold 12,461 shares of the company’s stock in a transaction dated Tuesday, May 25th. The stock was sold at an average price of $36.31, for a total transaction of $452,458.91. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,029 shares of company stock worth $2,253,506. 13.40% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC raised its position in Willdan Group by 1.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 15,735 shares of the construction company’s stock worth $656,000 after buying an additional 265 shares during the last quarter. Bank of New York Mellon Corp raised its position in Willdan Group by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 68,215 shares of the construction company’s stock worth $2,801,000 after buying an additional 468 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Willdan Group by 27.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,416 shares of the construction company’s stock worth $99,000 after buying an additional 516 shares during the last quarter. Great West Life Assurance Co. Can raised its position in Willdan Group by 112.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,025 shares of the construction company’s stock worth $42,000 after buying an additional 543 shares during the last quarter. Finally, Swiss National Bank raised its position in Willdan Group by 3.2% in the 4th quarter. Swiss National Bank now owns 25,900 shares of the construction company’s stock worth $1,080,000 after buying an additional 800 shares during the last quarter. Institutional investors own 72.82% of the company’s stock.
Shares of WLDN stock traded down $0.38 during mid-day trading on Thursday, reaching $38.89. 37,674 shares of the company’s stock traded hands, compared to its average volume of 86,356. Willdan Group has a 12 month low of $21.62 and a 12 month high of $54.99. The firm has a market cap of $486.79 million, a P/E ratio of -45.22 and a beta of 1.42. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.56. The firm’s 50-day simple moving average is $38.77.
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 audit and surveys, program design, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, and measurement and verification services, as well as software and data analytics.
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