Willdan Group, Inc. (WLDN) Announces Earnings Results, Beats Expectations By $0.01 EPS
Willdan Group, Inc. (NASDAQ:WLDN) announced its quarterly earnings results on Thursday. The construction company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01, Briefing.com reports. Willdan Group had a net margin of 3.90% and a return on equity of 18.91%. The firm had revenue of $69.00 million during the quarter, compared to analysts’ expectations of $60.39 million. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. Willdan Group updated its FY17 guidance to $1.12-$1.18 EPS.
Willdan Group (NASDAQ:WLDN) traded down $3.98 during midday trading on Friday, reaching $26.12. 378,293 shares of the company’s stock were exchanged, compared to its average volume of 50,436. The firm has a market capitalization of $228.91 million, a price-to-earnings ratio of 26.88 and a beta of 1.21. Willdan Group has a one year low of $16.75 and a one year high of $36.87. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.04.
A number of brokerages recently weighed in on WLDN. ValuEngine cut shares of Willdan Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of Willdan Group from a “hold” rating to a “sell” rating in a research report on Saturday, October 14th. BidaskClub lowered shares of Willdan Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. Seaport Global Securities restated a “buy” rating and issued a $37.00 price objective on shares of Willdan Group in a research note on Wednesday, October 11th. Finally, Wedbush restated an “outperform” rating on shares of Willdan Group in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Willdan Group has a consensus rating of “Buy” and an average price target of $36.50.
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 value of $178,900.00. Following the transaction, the insider now directly owns 43,333 shares of the company’s stock, valued at approximately $1,550,454.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.30% of the company’s stock.
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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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