Willdan Group (WLDN) to Release Quarterly Earnings on Thursday

Willdan Group (NASDAQ:WLDN) is scheduled to issue its quarterly earnings data 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.Parties that wish to listen to the company’s conference call can do so using this link.

Willdan Group (NASDAQ:WLDN) last released its earnings results on Thursday, March 7th. The construction company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.37. Willdan Group had a return on equity of 10.17% and a net margin of 2.14%. The company had revenue of $155.68 million for the quarter, compared to analysts’ expectations of $160.00 million. During the same quarter in the previous year, the business posted $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 Trading Down 0.2 %

NASDAQ:WLDN opened at $27.95 on Thursday. The stock has a market cap of $386.27 million, a PE ratio of 35.38 and a beta of 1.49. 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 has a fifty-two week low of $13.86 and a fifty-two week high of $30.46. The stock’s 50-day moving average is $25.29 and its two-hundred day moving average is $21.71.

Insider Transactions at Willdan Group

In other 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 sale, the insider now directly owns 1,900,057 shares in the company, valued at $56,678,700.31. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 10.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.