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

Willdan Group (NASDAQ:WLDN) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 1.800-1.870 for the period, compared to the consensus EPS 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 Performance

Shares of Willdan Group stock opened at $31.29 on Monday. The stock has a market cap of $432.43 million, a PE ratio of 33.65 and a beta of 1.47. Willdan Group has a 12 month low of $14.10 and a 12 month high of $32.66. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $26.50 and a 200-day simple moving average of $22.19.

Willdan Group (NASDAQ:WLDN) last announced its quarterly earnings data on Thursday, March 7th. The construction company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.37. The firm had revenue of $155.68 million during the quarter, compared to analyst estimates 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 last year, the company posted $0.25 EPS. On average, sell-side analysts anticipate that Willdan Group will post 1.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Roth Mkm reaffirmed a buy rating and issued a $34.00 price target (up from $27.00) on shares of Willdan Group in a research note on Friday, March 22nd. Wedbush increased 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. Finally, StockNews.com lowered shares of Willdan Group from a strong-buy rating to a buy rating in a research note on Saturday, March 16th.

Insider Activity at Willdan Group

In other news, major shareholder Fund L.P. Forager sold 50,208 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $28.85, for a total value of $1,448,500.80. Following the completion of the sale, the insider now directly owns 1,748,416 shares in the company, valued at $50,441,801.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 147,147 shares of company stock valued at $4,462,997. Corporate insiders own 9.80% of the company’s stock.

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.