Willdan Group, Inc. (WLDN) Expected to Post Quarterly Sales of $59.81 Million
Equities research analysts predict that Willdan Group, Inc. (NASDAQ:WLDN) will announce $59.81 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Willdan Group’s earnings, with the lowest sales estimate coming in at $59.20 million and the highest estimate coming in at $60.42 million. Willdan Group reported sales of $58.66 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2%. The firm is expected to report its next quarterly earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Willdan Group will report full year sales of $59.81 million for the current financial year. For the next financial year, analysts expect that the company will post sales of $274.33 million per share, with estimates ranging from $274.31 million to $274.34 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Willdan Group.
A number of equities research analysts have commented on WLDN shares. Zacks Investment Research lowered Willdan Group from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Wedbush reiterated an “outperform” rating and issued a $40.00 price target (up previously from $35.00) on shares of Willdan Group in a research report on Friday, May 12th. Canaccord Genuity reiterated a “buy” rating and issued a $36.00 price target on shares of Willdan Group in a research report on Friday, June 2nd. Finally, BidaskClub lowered Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th.
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In other Willdan Group news, Director Raymond W. Holdsworth, Jr. acquired 1,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were bought at an average cost of $30.39 per share, with a total value of $30,390.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Daniel Chow sold 1,203 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $30.43, for a total value of $36,607.29. The disclosure for this sale can be found here. 13.30% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in WLDN. Tower Research Capital LLC TRC acquired a new position in shares of Willdan Group during the first quarter worth about $105,000. Creative Planning acquired a new position in shares of Willdan Group during the first quarter worth about $107,000. JPMorgan Chase & Co. acquired a new position in shares of Willdan Group during the second quarter worth about $109,000. Nationwide Fund Advisors acquired a new position in shares of Willdan Group during the second quarter worth about $131,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Willdan Group during the first quarter worth about $146,000. 48.00% of the stock is currently owned by institutional investors.
Willdan Group (NASDAQ:WLDN) opened at 36.30 on Wednesday. The firm has a 50-day moving average price of $33.14 and a 200 day moving average price of $31.19. Willdan Group has a 1-year low of $14.60 and a 1-year high of $36.87. The firm has a market cap of $314.47 million, a price-to-earnings ratio of 32.27 and a beta of 1.32.
Willdan Group Company Profile
Willdan Group, Inc is a holding company. The Company provides professional technical and consulting services to utilities, private industry and public agencies at all levels of government, primarily in California and New York. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.
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