Willdan Group (NASDAQ:WLDN) Releases Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Willdan Group (NASDAQ:WLDN) issued its quarterly earnings data on Thursday. The construction company reported $0.95 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.13), Zacks reports. Willdan Group had a return on equity of 24.51% and a net margin of 8.80%.

Willdan Group Stock Performance

Shares of WLDN stock traded down $3.35 during trading hours on Thursday, reaching $70.85. 252,171 shares of the company traded hands, compared to its average volume of 308,356. The firm has a 50-day moving average price of $77.90 and a 200 day moving average price of $86.51. The company has a market cap of $1.08 billion, a P/E ratio of 16.63 and a beta of 1.28. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.37 and a quick ratio of 1.37. Willdan Group has a 12-month low of $64.67 and a 12-month high of $137.00.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Willdan Group in a research report on Monday, October 19th. Wall Street Zen upgraded shares of Willdan Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Zacks Research raised shares of Willdan Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. Yorkville Ives began coverage on shares of Willdan Group in a research report on Monday, October 5th. They issued an “outperform” rating and a $100.00 price target on the stock. Finally, Wedbush reiterated an “outperform” rating and set a $130.00 price target on shares of Willdan Group in a research note on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Willdan Group presently has a consensus rating of “Buy” and a consensus target price of $118.33.

Insider Transactions at Willdan Group

In other Willdan Group news, Director Thomas Brisbin sold 4,905 shares of Willdan Group stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $79.36, for a total transaction of $389,260.80. Following the transaction, the director owned 96,687 shares of the company’s stock, valued at $7,673,080.32. The trade was a 4.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 67,101 shares of company stock valued at $5,871,388. Corporate insiders own 5.60% of the company’s stock.

About Willdan Group

Willdan Group, Inc (NASDAQ:WLDN) is a professional services company that provides technical, consulting and infrastructure solutions to utilities, government agencies and commercial clients. The company operates primarily in the United States, with a strong presence in California and other markets where energy, infrastructure and public-sector modernization services are in demand.

Through its energy-focused operations, Willdan designs and implements energy-efficiency, demand-response, electrification and distributed-energy programs.