Willdan Group (WLDN) Set to Announce Quarterly Earnings on Thursday

Willdan Group (NASDAQ:WLDN) is set 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 register for the company’s conference call can do so using this link.

Willdan Group (NASDAQ:WLDN) last announced its quarterly earnings data on Thursday, March 7th. The construction company reported $0.72 EPS 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 the consensus estimate of $160.00 million. During the same period in the previous year, the firm posted $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 Performance

Shares of WLDN opened at $28.19 on Wednesday. The company’s 50 day moving average price is $25.96 and its 200 day moving average price is $21.99. Willdan Group has a 52 week low of $13.94 and a 52 week high of $30.46. The company has a market capitalization of $389.59 million, a PE ratio of 35.68 and a beta of 1.49. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.67 and a current ratio of 1.67.

Analysts Set New Price Targets

Several research firms have commented on WLDN. Roth Mkm reissued a “buy” rating and issued a $34.00 target price (up from $27.00) on shares of Willdan Group in a research report on Friday, March 22nd. Wedbush upped their target price on shares of Willdan Group from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Finally, StockNews.com cut shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 16th.

Insider Buying and Selling at Willdan Group

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 value of $311,902.48. Following the sale, the insider now 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 Securities & Exchange Commission, which is available at this link. Insiders own 9.80% of the company’s stock.

Willdan Group Company Profile

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.