Willdan Group, Inc. (WLDN) Releases FY17 Earnings Guidance
Willdan Group, Inc. (NASDAQ:WLDN) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.12-$1.18 for the period, compared to the Thomson Reuters consensus estimate of $1.16.
Several brokerages recently commented on WLDN. ValuEngine downgraded shares of Willdan Group from a buy rating to a hold rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded shares of Willdan Group from a hold rating to a sell rating in a report on Saturday, October 14th. BidaskClub downgraded shares of Willdan Group from a buy rating to a hold rating in a report on Saturday, August 19th. Seaport Global Securities reaffirmed a buy rating and set a $37.00 price target on shares of Willdan Group in a report on Wednesday, October 11th. Finally, Wedbush reaffirmed an outperform rating on shares of Willdan Group in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $36.50.
Willdan Group, Inc. (WLDN) traded down $3.98 on Friday, hitting $26.12. 378,293 shares of the company were exchanged, compared to its average volume of 50,436. The stock has a market capitalization of $228.91 million, a P/E ratio of 26.88 and a beta of 1.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.59 and a current ratio of 1.59. Willdan Group, Inc. has a one year low of $16.75 and a one year high of $36.87.
Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The company had revenue of $69.00 million for the quarter, compared to the consensus estimate of $60.39 million. Willdan Group had a net margin of 3.90% and a return on equity of 18.91%. The company’s revenue was up 17.5% on a year-over-year basis. research analysts predict that Willdan Group, Inc. will post 1.15 EPS for the current fiscal year.
In other Willdan Group news, insider Marc Tipermas sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $35.78, for a total transaction of $178,900.00. Following the sale, the insider now owns 43,333 shares in the company, valued at approximately $1,550,454.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.30% of the stock is currently owned by company insiders.
About Willdan Group
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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