Willdan Group (NASDAQ:WLDN) Updates FY 2024 Earnings Guidance

Willdan Group (NASDAQ:WLDN) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 1.800-1.870 for the period, compared to the consensus estimate of 1.810. The company issued revenue guidance of $270.0 million-$280.0 million, compared to the consensus revenue estimate of $277.5 million.

Willdan Group Stock Up 9.9 %

NASDAQ WLDN opened at $31.29 on Monday. The business has a fifty day moving average price of $26.50 and a two-hundred day moving average price of $22.19. The stock has a market capitalization of $432.43 million, a PE ratio of 33.65 and a beta of 1.47. Willdan Group has a fifty-two week low of $14.10 and a fifty-two week high of $32.66. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.67 and a quick ratio of 1.67.

Willdan Group (NASDAQ:WLDN) last announced its quarterly earnings data on Thursday, March 7th. The construction company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.37. The business had revenue of $155.68 million during the quarter, compared to the consensus estimate of $160.00 million. Willdan Group had a return on equity of 10.80% and a net margin of 2.44%. During the same period in the prior year, the company earned $0.25 EPS. Equities analysts expect that Willdan Group will post 1.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WLDN. Wedbush boosted their target price on shares of Willdan Group from $30.00 to $35.00 and gave the stock an outperform rating in a research note on Monday, March 25th. Roth Mkm reiterated a buy rating and set a $34.00 target price (up from $27.00) on shares of Willdan Group in a research report on Friday, March 22nd. Finally, StockNews.com downgraded Willdan Group from a strong-buy rating to a buy rating in a report on Saturday, March 16th.

Insider Buying and Selling

In other news, major shareholder Fund L.P. Forager sold 86,483 shares of Willdan Group stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $31.25, for a total value of $2,702,593.75. Following the completion of the sale, the insider now owns 1,641,258 shares in the company, valued at approximately $51,289,312.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 147,147 shares of company stock valued at $4,462,997 over the last 90 days. Company insiders own 9.80% 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 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.