Equities research analysts expect Willdan Group, Inc. (NASDAQ:WLDN) to post sales of $59.81 million for the current quarter, Zacks reports. Two analysts have made estimates for Willdan Group’s earnings, with the highest sales estimate coming in at $60.42 million and the lowest estimate coming in at $59.20 million. Willdan Group posted sales of $58.66 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2%. The firm is scheduled to issue its next quarterly earnings report 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 fiscal year, analysts forecast that the company will report sales of $274.33 million per share, with estimates ranging from $274.31 million to $274.34 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Willdan Group.

Several research firms have recently issued reports on WLDN. Wedbush reiterated an “outperform” rating on shares of Willdan Group in a report on Wednesday, July 12th. Canaccord Genuity reiterated a “buy” rating and set a $36.00 target price on shares of Willdan Group in a report on Friday, June 2nd. Zacks Investment Research lowered shares of Willdan Group from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Finally, BidaskClub lowered shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th.

Willdan Group (WLDN) opened at 36.30 on Wednesday. The company’s 50-day moving average price is $33.14 and its 200-day moving average price is $31.19. The firm has a market capitalization of $314.47 million, a P/E ratio of 32.27 and a beta of 1.32. Willdan Group has a 1-year low of $14.60 and a 1-year high of $36.87.

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In other news, COO Daniel Chow sold 1,203 shares of Willdan Group stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $30.43, for a total transaction of $36,607.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marc Tipermas sold 5,000 shares of Willdan Group 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 transaction, the insider now owns 43,333 shares of the company’s stock, valued at $1,550,454.74. The disclosure for this sale can be found here. 13.30% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC acquired a new position in Willdan Group during the first quarter valued at about $105,000. Creative Planning acquired a new position in Willdan Group during the first quarter valued at about $107,000. JPMorgan Chase & Co. acquired a new position in Willdan Group during the second quarter valued at about $109,000. Nationwide Fund Advisors acquired a new position in Willdan Group during the second quarter valued at about $131,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Willdan Group during the first quarter valued at about $146,000. Hedge funds and other institutional investors own 48.00% of the company’s stock.

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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Earnings History and Estimates for Willdan Group (NASDAQ:WLDN)

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