Willdan Group, Inc. (WLDN) Issues FY17 Earnings Guidance
Willdan Group, Inc. (NASDAQ:WLDN) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $1.12-$1.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.16.
Several brokerages have recently weighed in on WLDN. Zacks Investment Research raised shares of Willdan Group from a hold rating to a buy rating and set a $33.00 price objective on the stock in a research report on Thursday, October 19th. Wedbush reissued an outperform rating on shares of Willdan Group in a research report on Wednesday, July 12th. Seaport Global Securities reissued a buy rating and issued a $37.00 price objective on shares of Willdan Group in a research report on Wednesday, October 11th. ValuEngine raised shares of Willdan Group from a hold rating to a buy rating in a research report on Friday, September 1st. Finally, BidaskClub lowered shares of Willdan Group from a buy rating to a hold rating in a research report on Saturday, August 19th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $36.50.
In other news, insider Marc Tipermas sold 5,000 shares of Willdan Group stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $35.78, for a total transaction of $178,900.00. Following the sale, the insider now directly owns 43,333 shares in the company, valued at approximately $1,550,454.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 13.30% of the company’s stock.
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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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