Willdan Group (NASDAQ:WLDN) Updates FY 2019 Earnings Guidance

Willdan Group (NASDAQ:WLDN) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $2.40-2.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.44. The company issued revenue guidance of $185-205 million, compared to the consensus revenue estimate of $200.69 million.

A number of research analysts have issued reports on the stock. BidaskClub downgraded shares of Willdan Group from a buy rating to a hold rating in a research report on Wednesday, July 3rd. ValuEngine raised shares of Willdan Group from a hold rating to a buy rating in a research report on Wednesday, July 24th. Zacks Investment Research raised shares of Willdan Group from a sell rating to a hold rating in a research report on Saturday, May 11th. Finally, Wedbush reissued an outperform rating and set a $45.00 price objective on shares of Willdan Group in a research report on Thursday, June 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of Buy and an average price target of $42.50.

Willdan Group stock traded up $0.09 during mid-day trading on Thursday, reaching $35.07. The stock had a trading volume of 38,708 shares, compared to its average volume of 63,946. The firm has a market cap of $390.55 million, a P/E ratio of 22.77 and a beta of 1.26. The company’s 50-day moving average price is $34.89. Willdan Group has a one year low of $27.61 and a one year high of $40.70. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.37.

Willdan Group (NASDAQ:WLDN) last posted its earnings results on Thursday, May 2nd. The construction company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The business had revenue of $91.79 million for the quarter, compared to analysts’ expectations of $80.79 million. Willdan Group had a net margin of 2.39% and a return on equity of 12.34%. On average, analysts forecast that Willdan Group will post 1.69 EPS for the current year.

In other Willdan Group news, SVP Paul Milton Whitelaw sold 1,721 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $31.97, for a total transaction of $55,020.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Thomas Donald Brisbin sold 33,337 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $35.15, for a total transaction of $1,171,795.55. The disclosure for this sale can be found here. Insiders have sold a total of 47,259 shares of company stock worth $1,618,600 in the last 90 days. Company insiders own 10.80% of the company’s stock.

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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