Zacks: Analysts Expect Willdan Group, Inc. (WLDN) to Post $0.26 Earnings Per Share

Wall Street analysts predict that Willdan Group, Inc. (NASDAQ:WLDN) will announce earnings per share (EPS) of $0.26 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Willdan Group’s earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.30. Willdan Group reported earnings of $0.37 per share during the same quarter last year, which suggests a negative year over year growth rate of 29.7%. The business is scheduled to announce its next quarterly earnings report on Thursday, May 2nd.

On average, analysts expect that Willdan Group will report full year earnings of $2.38 per share for the current year, with EPS estimates ranging from $2.35 to $2.40. For the next financial year, analysts expect that the firm will post earnings of $2.70 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Willdan Group.

Willdan Group (NASDAQ:WLDN) last released its quarterly earnings data on Thursday, March 7th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). Willdan Group had a net margin of 3.68% and a return on equity of 15.64%. The business had revenue of $86.44 million during the quarter, compared to analyst estimates of $73.80 million.

Several equities research analysts recently issued reports on WLDN shares. BidaskClub raised shares of Willdan Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. ValuEngine lowered shares of Willdan Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Zacks Investment Research lowered shares of Willdan Group from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Willdan Group has a consensus rating of “Hold” and an average price target of $41.33.

Shares of WLDN stock traded down $0.29 on Thursday, hitting $35.25. The company’s stock had a trading volume of 49,540 shares, compared to its average volume of 54,871. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.44. Willdan Group has a fifty-two week low of $25.11 and a fifty-two week high of $39.19. The firm has a market cap of $391.54 million, a PE ratio of 22.89 and a beta of 1.14.

A number of institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in Willdan Group by 41.0% in the fourth quarter. Geode Capital Management LLC now owns 111,762 shares of the construction company’s stock valued at $3,909,000 after acquiring an additional 32,499 shares during the period. Dimensional Fund Advisors LP increased its stake in Willdan Group by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 467,741 shares of the construction company’s stock valued at $16,361,000 after acquiring an additional 4,094 shares during the period. Vestor Capital LLC bought a new stake in Willdan Group in the fourth quarter valued at about $128,000. Legal & General Group Plc increased its stake in Willdan Group by 31.5% in the fourth quarter. Legal & General Group Plc now owns 1,507 shares of the construction company’s stock valued at $53,000 after acquiring an additional 361 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Willdan Group by 13.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 287,959 shares of the construction company’s stock valued at $10,073,000 after acquiring an additional 34,940 shares during the period. 73.11% of the stock is owned by hedge funds and other institutional investors.

Willdan Group Company Profile

Willdan Group, Inc, together with its subsidiaries, provides professional technical and consulting services to utilities, private industry, and public agencies at various levels of government primarily in the Unites States. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services, and Homeland Security Services.

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