Willdan Group (WLDN) Set to Announce Earnings on Thursday

Willdan Group (NASDAQ:WLDN) is set to post its quarterly earnings results after the market closes on Thursday, October 31st. Analysts expect Willdan Group to post earnings of $0.46 per share for the quarter. Willdan Group has set its FY 2024 guidance at 2.000-2.100 EPS and its FY24 guidance at $2.00-2.10 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Willdan Group (NASDAQ:WLDN) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.15. Willdan Group had a return on equity of 12.06% and a net margin of 3.10%. The firm had revenue of $141.00 million for the quarter, compared to analyst estimates of $123.07 million. During the same period last year, the firm posted $0.19 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

Willdan Group stock opened at $47.51 on Wednesday. The business has a 50 day moving average of $40.87 and a 200-day moving average of $34.76. The company has a market capitalization of $664.66 million, a P/E ratio of 38.24 and a beta of 1.41. Willdan Group has a 1 year low of $17.13 and a 1 year high of $47.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.81 and a quick ratio of 1.81.

Insiders Place Their Bets

In other news, CEO Michael A. Bieber sold 750 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $36.46, for a total transaction of $27,345.00. Following the completion of the sale, the chief executive officer now directly owns 169,726 shares in the company, valued at $6,188,209.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Michael A. Bieber sold 10,346 shares of Willdan Group stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $36.61, for a total transaction of $378,767.06. Following the transaction, the chief executive officer now owns 169,726 shares of the company’s stock, valued at $6,213,668.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael A. Bieber sold 750 shares of Willdan Group stock in a transaction on Monday, August 12th. The stock was sold at an average price of $36.46, for a total transaction of $27,345.00. Following the transaction, the chief executive officer now directly owns 169,726 shares in the company, valued at $6,188,209.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,305 shares of company stock worth $1,105,451. 9.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on WLDN shares. Wedbush initiated coverage on shares of Willdan Group in a research report on Tuesday, September 3rd. They issued an “outperform” rating and a $51.00 price target for the company. Roth Mkm increased their price objective on Willdan Group from $34.00 to $47.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, StockNews.com downgraded Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th.

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.