$0.18 EPS Expected for Willdan Group, Inc. (WLDN) This Quarter
Brokerages predict that Willdan Group, Inc. (NASDAQ:WLDN) will report $0.18 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for Willdan Group’s earnings. Willdan Group also reported earnings of $0.18 per share during the same quarter last year. The business is expected to report its next quarterly earnings report on Thursday, March 8th.
According to Zacks, analysts expect that Willdan Group will report full year earnings of $1.16 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.17. For the next fiscal year, analysts anticipate that the business will post earnings of $1.42 per share, with EPS estimates ranging from $1.41 to $1.42. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Willdan Group.
Willdan Group (NASDAQ:WLDN) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. The firm had revenue of $69.00 million during the quarter, compared to analysts’ expectations of $60.39 million. Willdan Group had a net margin of 3.90% and a return on equity of 18.10%. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis.
In other news, Director Douglas James Mceachern acquired 1,180 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average price of $27.32 per share, with a total value of $32,237.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond W. Holdsworth, Jr. acquired 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average cost of $25.73 per share, with a total value of $64,325.00. The disclosure for this purchase can be found here. Insiders own 13.30% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of WLDN. Vanguard Group Inc. lifted its position in Willdan Group by 8.0% during the first quarter. Vanguard Group Inc. now owns 271,616 shares of the construction company’s stock worth $8,762,000 after purchasing an additional 20,036 shares during the period. Geode Capital Management LLC lifted its position in Willdan Group by 2.0% during the first quarter. Geode Capital Management LLC now owns 44,623 shares of the construction company’s stock worth $1,439,000 after purchasing an additional 856 shares during the period. Dimensional Fund Advisors LP lifted its position in Willdan Group by 25.3% during the first quarter. Dimensional Fund Advisors LP now owns 378,658 shares of the construction company’s stock worth $12,216,000 after purchasing an additional 76,343 shares during the period. Morgan Stanley lifted its position in Willdan Group by 57.5% during the first quarter. Morgan Stanley now owns 93,206 shares of the construction company’s stock worth $3,007,000 after purchasing an additional 34,043 shares during the period. Finally, Bank of America Corp DE lifted its position in Willdan Group by 5,552.3% during the first quarter. Bank of America Corp DE now owns 69,863 shares of the construction company’s stock worth $2,254,000 after purchasing an additional 68,627 shares during the period. 66.05% of the stock is owned by institutional investors and hedge funds.
Shares of Willdan Group (NASDAQ:WLDN) traded down $0.50 during trading on Tuesday, hitting $24.51. 51,616 shares of the stock were exchanged, compared to its average volume of 114,613. The company has a market capitalization of $214.80, a PE ratio of 21.89 and a beta of 1.16. Willdan Group has a 52 week low of $20.60 and a 52 week high of $36.87. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.46 and a current ratio of 1.46.
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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