Brokerages expect Willdan Group, Inc. (NASDAQ:WLDN) to report earnings per share (EPS) of $0.30 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Willdan Group’s earnings. Willdan Group reported earnings per share of $0.28 in the same quarter last year, which indicates a positive year-over-year growth rate of 7.1%. The business is scheduled to report its next quarterly earnings results on Thursday, November 2nd.
On average, analysts expect that Willdan Group will report full-year earnings of $1.13 per share for the current financial year, with EPS estimates ranging from $1.10 to $1.17. For the next fiscal year, analysts expect that the company will report earnings of $1.39 per share, with EPS estimates ranging from $1.39 to $1.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Willdan Group.
WLDN has been the subject of several recent research reports. Zacks Investment Research downgraded Willdan Group from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Wedbush reiterated an “outperform” rating and set a $40.00 price target (up previously from $35.00) on shares of Willdan Group in a report on Friday, May 12th. Canaccord Genuity reiterated a “buy” rating and set a $36.00 price target on shares of Willdan Group in a report on Friday, June 2nd. Finally, BidaskClub downgraded Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th.
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In other Willdan Group news, insider Marc Tipermas sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $35.78, for a total value of $178,900.00. Following the completion of the transaction, the insider now owns 43,333 shares in the company, valued at approximately $1,550,454.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Daniel Chow sold 1,203 shares of the company’s stock in a transaction on 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 corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. 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. Hedge funds and other institutional investors own 48.00% of the company’s stock.
Willdan Group (NASDAQ WLDN) traded up 2.82% during trading on Monday, hitting $35.69. 48,760 shares of the company traded hands. The stock has a 50-day moving average price of $32.79 and a 200-day moving average price of $31.05. Willdan Group has a 12-month low of $13.70 and a 12-month high of $36.87. The firm has a market capitalization of $309.18 million, a P/E ratio of 31.72 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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