Willdan Group (WLDN) to Release Quarterly Earnings on Thursday

Willdan Group (NASDAQ:WLDN) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Willdan Group has set its FY 2024 guidance at 1.800-1.870 EPS.Investors interested in registering for the company’s conference call can do so using this link.

Willdan Group (NASDAQ:WLDN) last released its quarterly earnings data on Thursday, March 7th. The construction company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.37. Willdan Group had a net margin of 2.14% and a return on equity of 10.17%. The firm had revenue of $155.68 million for the quarter, compared to analyst estimates of $160.00 million. During the same period last year, the firm earned $0.25 earnings per share. 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 Down 1.6 %

Willdan Group stock opened at $28.19 on Wednesday. Willdan Group has a 1-year low of $13.94 and a 1-year high of $30.46. The firm has a market capitalization of $389.59 million, a price-to-earnings ratio of 35.68 and a beta of 1.49. The firm’s fifty day moving average price is $25.96 and its two-hundred day moving average price is $21.99. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.45.

Wall Street Analyst Weigh In

WLDN has been the subject of several analyst reports. Roth Mkm reiterated a “buy” rating and issued a $34.00 target price (up previously from $27.00) on shares of Willdan Group in a report on Friday, March 22nd. StockNews.com lowered shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 16th. Finally, Wedbush lifted their price target 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.

Insider Buying and Selling

In other Willdan Group news, major shareholder Fund L.P. Forager sold 10,456 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.80% of the stock is owned by insiders.

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 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.