Willdan Group (NASDAQ:WLDN) Posts Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Willdan Group (NASDAQ:WLDN) issued its quarterly earnings data on Thursday. The construction company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.09), Morningstar.com reports. Willdan Group had a net margin of 2.39% and a return on equity of 12.34%. The company had revenue of $104.40 million during the quarter, compared to analysts’ expectations of $87.13 million. Willdan Group updated its FY 2019 guidance to $2.40-2.50 EPS.

Willdan Group stock traded down $2.16 during trading on Friday, hitting $32.91. The company’s stock had a trading volume of 95,600 shares, compared to its average volume of 64,159. The stock has a market capitalization of $393.89 million, a PE ratio of 21.37 and a beta of 1.26. The stock has a fifty day moving average price of $34.89. Willdan Group has a 1-year low of $27.61 and a 1-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.

Several brokerages have recently issued reports on WLDN. Zacks Investment Research upgraded Willdan Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 11th. ValuEngine downgraded Willdan Group from a “buy” rating to a “hold” rating in a research report on Thursday. BidaskClub downgraded Willdan Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Wedbush restated an “outperform” rating and issued a $45.00 price objective on shares of Willdan Group in a research report on Thursday, June 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $42.50.

In related news, SVP Paul Milton Whitelaw sold 3,500 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $31.74, for a total value of $111,090.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Thomas Donald Brisbin sold 33,337 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $35.15, for a total value of $1,171,795.55. The disclosure for this sale can be found here. Insiders sold 47,259 shares of company stock valued at $1,618,600 over the last quarter. Insiders own 10.80% of the company’s stock.

Large investors have recently made changes to their positions in the business. Swiss National Bank acquired a new stake in shares of Willdan Group in the second quarter worth $726,000. Rice Hall James & Associates LLC boosted its position in shares of Willdan Group by 43.8% in the second quarter. Rice Hall James & Associates LLC now owns 730,288 shares of the construction company’s stock worth $27,203,000 after buying an additional 222,543 shares during the period. Advisor Group Inc. boosted its position in shares of Willdan Group by 6.2% in the second quarter. Advisor Group Inc. now owns 32,404 shares of the construction company’s stock worth $1,207,000 after buying an additional 1,902 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Willdan Group in the second quarter worth $27,000. Finally, Whittier Trust Co. boosted its position in shares of Willdan Group by 7.5% in the second quarter. Whittier Trust Co. now owns 40,983 shares of the construction company’s stock worth $1,527,000 after buying an additional 2,873 shares during the period. Institutional investors own 81.89% 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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Earnings History for Willdan Group (NASDAQ:WLDN)

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