Willdan Group (WLDN) to Release Earnings on Thursday

Willdan Group (NASDAQ:WLDN) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Willdan Group to post earnings of $0.19 per share for the quarter. Willdan Group has set its FY 2024 guidance at 1.800-1.870 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings results on Thursday, March 7th. The construction company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.35 by $0.37. The company had revenue of $155.68 million during the quarter, compared to analysts’ expectations of $160.00 million. Willdan Group had a return on equity of 10.17% and a net margin of 2.14%. During the same quarter in the previous year, the business earned $0.25 EPS. On average, analysts expect Willdan Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Willdan Group Stock Performance

NASDAQ WLDN opened at $28.65 on Tuesday. The firm has a market capitalization of $395.94 million, a P/E ratio of 36.27 and a beta of 1.49. Willdan Group has a 1-year low of $13.94 and a 1-year high of $30.46. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.67 and a quick ratio of 1.67. The business’s 50-day simple moving average is $25.82 and its 200-day simple moving average is $21.93.

Insider Buying and Selling

In related news, major shareholder Fund L.P. Forager sold 10,456 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $29.83, for a total transaction of $311,902.48. Following the transaction, the insider now directly owns 1,900,057 shares of the company’s stock, valued at approximately $56,678,700.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Roth Mkm reaffirmed a “buy” rating and issued a $34.00 price objective (up from $27.00) on shares of Willdan Group in a research note on Friday, March 22nd. StockNews.com lowered Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 16th. Finally, Wedbush boosted their price target on Willdan Group from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th.

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 and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.