$0.85 EPS Expected for Willdan Group, Inc. (NASDAQ:WLDN) This Quarter

Brokerages expect Willdan Group, Inc. (NASDAQ:WLDN) to report $0.85 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Willdan Group’s earnings, with the highest EPS estimate coming in at $0.90 and the lowest estimate coming in at $0.80. Willdan Group reported earnings of $0.56 per share during the same quarter last year, which indicates a positive year over year growth rate of 51.8%. The business is scheduled to report its next quarterly earnings report after the market closes on Thursday, November 7th.

According to Zacks, analysts expect that Willdan Group will report full-year earnings of $2.43 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $2.46. For the next fiscal year, analysts forecast that the business will report earnings of $2.70 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Willdan Group.

Willdan Group (NASDAQ:WLDN) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.09). Willdan Group had a return on equity of 10.83% and a net margin of 1.62%. The firm had revenue of $104.40 million for the quarter, compared to analyst estimates of $87.13 million.

A number of equities analysts have recently commented on WLDN shares. Zacks Investment Research reiterated a “sell” rating on shares of Willdan Group in a research note on Saturday, October 5th. BidaskClub downgraded Willdan Group from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Finally, ValuEngine downgraded Willdan Group from a “buy” rating to a “hold” rating in a report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $41.67.

Shares of WLDN traded up $1.89 during trading hours on Friday, hitting $37.40. 103,084 shares of the company were exchanged, compared to its average volume of 79,159. The company has a market capitalization of $399.30 million, a PE ratio of 24.29 and a beta of 1.16. The firm has a fifty day simple moving average of $36.31 and a 200-day simple moving average of $35.76. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.55 and a quick ratio of 1.55. Willdan Group has a one year low of $29.06 and a one year high of $40.70.

Several institutional investors and hedge funds have recently made changes to their positions in WLDN. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Willdan Group in the 2nd quarter worth approximately $27,000. Citadel Advisors LLC acquired a new position in shares of Willdan Group in the 2nd quarter worth approximately $250,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Willdan Group in the 2nd quarter worth approximately $263,000. First Republic Investment Management Inc. acquired a new position in shares of Willdan Group in the 2nd quarter worth approximately $269,000. Finally, Conestoga Capital Advisors LLC boosted its holdings in shares of Willdan Group by 19.7% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 10,680 shares of the construction company’s stock worth $398,000 after acquiring an additional 1,760 shares in the last quarter. 86.87% of the stock is currently owned by institutional investors and hedge funds.

About Willdan Group

Willdan Group, Inc, together with its subsidiaries, provides professional technical and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive survey, program design, master planning, benchmarking analysis, design engineering, construction management, performance contracting, installation, alternative financing, and measurement and verification services.

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