Willdan Group (NASDAQ:WLDN) Issues Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Willdan Group (NASDAQ:WLDN) posted its quarterly earnings results on Thursday. The construction company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.13), Zacks reports. Willdan Group had a return on equity of 24.51% and a net margin of 8.80%.

Willdan Group Trading Down 4.5%

Shares of Willdan Group stock traded down $3.35 on Thursday, reaching $70.85. The company had a trading volume of 252,171 shares, compared to its average volume of 308,356. The firm’s 50-day moving average price is $77.90 and its two-hundred day moving average price is $86.51. Willdan Group has a 1 year low of $64.67 and a 1 year high of $137.00. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 16.63 and a beta of 1.28. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.37 and a quick ratio of 1.37.

Wall Street Analyst Weigh In

WLDN has been the subject of several research reports. Yorkville Ives initiated coverage on shares of Willdan Group in a report on Monday, October 5th. They set an “outperform” rating and a $100.00 price objective for the company. Zacks Research raised Willdan Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. Wall Street Zen raised shares of Willdan Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Willdan Group in a research report on Monday, October 19th. Finally, Wedbush reiterated an “outperform” rating and set a $130.00 price objective on shares of Willdan Group in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $118.33.

Insider Buying and Selling

In other Willdan Group news, Director Thomas Brisbin sold 58,757 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $88.14, for a total transaction of $5,178,841.98. Following the transaction, the director owned 96,687 shares in the company, valued at $8,521,992.18. The trade was a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 67,101 shares of company stock worth $5,871,388 over the last ninety days. 5.60% of the stock is owned by insiders.

Willdan Group Company Profile

Willdan Group, Inc (NASDAQ:WLDN) is a professional services company that provides technical, consulting and infrastructure solutions to utilities, government agencies and commercial clients. The company operates primarily in the United States, with a strong presence in California and other markets where energy, infrastructure and public-sector modernization services are in demand.

Through its energy-focused operations, Willdan designs and implements energy-efficiency, demand-response, electrification and distributed-energy programs.