Zacks: Brokerages Expect Willdan Group, Inc. (NASDAQ:WLDN) Will Announce Earnings of $0.83 Per Share

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Equities research analysts predict that Willdan Group, Inc. (NASDAQ:WLDN) will post $0.83 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Willdan Group’s earnings, with the lowest EPS estimate coming in at $0.80 and the highest estimate coming in at $0.86. Willdan Group reported earnings of $0.61 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 36.1%. The business is scheduled to announce its next quarterly earnings report on Thursday, March 5th.

According to Zacks, analysts expect that Willdan Group will report full-year earnings of $2.15 per share for the current fiscal year, with EPS estimates ranging from $2.10 to $2.20. For the next financial year, analysts anticipate that the business will post earnings of $2.79 per share, with EPS estimates ranging from $2.60 to $2.98. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Willdan Group.

Several equities analysts have weighed in on the company. Zacks Investment Research restated a “sell” rating on shares of Willdan Group in a report on Saturday, October 5th. TheStreet cut Willdan Group from a “b” rating to a “c+” rating in a report on Friday, November 1st. ValuEngine downgraded Willdan Group from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, BidaskClub lowered shares of Willdan Group from a “hold” rating to a “sell” rating in a report on Saturday, November 23rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $42.50.

Shares of NASDAQ:WLDN traded down $0.07 during mid-day trading on Thursday, reaching $28.30. The stock had a trading volume of 1,568 shares, compared to its average volume of 93,654. The business’s 50 day moving average price is $31.70 and its 200 day moving average price is $34.14. Willdan Group has a 1 year low of $26.39 and a 1 year high of $40.70. The company has a market cap of $322.63 million, a P/E ratio of 18.38 and a beta of 1.04. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68.

Hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Willdan Group during the second quarter valued at approximately $27,000. Tower Research Capital LLC TRC bought a new stake in shares of Willdan Group in the 3rd quarter valued at approximately $28,000. Stifel Financial Corp purchased a new position in shares of Willdan Group in the 3rd quarter worth approximately $242,000. Citadel Advisors LLC purchased a new position in shares of Willdan Group in the 2nd quarter worth approximately $250,000. Finally, First Republic Investment Management Inc. bought a new position in shares of Willdan Group during the 2nd quarter valued at approximately $269,000. 86.55% of the stock is currently owned by institutional investors.

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 survey, program design, master planning, benchmarking analysis, design engineering, construction management, performance contracting, installation, alternative financing, and measurement and verification services.

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Earnings History and Estimates for Willdan Group (NASDAQ:WLDN)

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