Wall Street brokerages predict that Willdan Group, Inc. (NASDAQ:WLDN) will report earnings per share (EPS) of $0.56 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Willdan Group’s earnings. Willdan Group posted earnings of $0.31 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 80.6%. The company is scheduled to report its next earnings report on Thursday, November 1st.
On average, analysts expect that Willdan Group will report full year earnings of $1.97 per share for the current fiscal year. For the next financial year, analysts anticipate that the business will post earnings of $2.43 per share. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Willdan Group.
Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings results on Thursday, August 2nd. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The business had revenue of $59.83 million for the quarter. Willdan Group had a return on equity of 14.25% and a net margin of 4.72%.
Several equities research analysts recently issued reports on the company. ValuEngine raised Willdan Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 21st. BidaskClub raised Willdan Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 28th. Finally, Roth Capital assumed coverage on Willdan Group in a research report on Friday, June 15th. They set a “buy” rating and a $39.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $35.00.
WLDN stock opened at $32.92 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.03. The company has a market cap of $302.69 million, a P/E ratio of 28.02 and a beta of 1.23. Willdan Group has a 12-month low of $19.25 and a 12-month high of $35.11.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of Willdan Group by 12.8% during the 2nd quarter. BlackRock Inc. now owns 538,117 shares of the construction company’s stock valued at $16,665,000 after acquiring an additional 61,156 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Willdan Group by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 444,378 shares of the construction company’s stock worth $13,762,000 after buying an additional 13,836 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Willdan Group by 40.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 353,160 shares of the construction company’s stock worth $10,937,000 after buying an additional 101,367 shares during the last quarter. Sagard Capital Partners Management Corp grew its stake in Willdan Group by 130.3% during the 2nd quarter. Sagard Capital Partners Management Corp now owns 179,018 shares of the construction company’s stock worth $5,544,000 after buying an additional 101,280 shares during the last quarter. Finally, Rice Hall James & Associates LLC grew its stake in Willdan Group by 467.0% during the 2nd quarter. Rice Hall James & Associates LLC now owns 172,403 shares of the construction company’s stock worth $5,339,000 after buying an additional 141,998 shares during the last quarter. 67.65% of the stock is currently owned by institutional investors and hedge funds.
About Willdan Group
Willdan Group, Inc, together with its subsidiaries, provides professional technical and consulting services to utilities, private industry, and public agencies at various levels of government primarily in the Unites States. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services, and Homeland Security Services.
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