Willdan Group (NASDAQ:WLDN) Releases Quarterly Earnings Results, Beats Estimates By $0.26 EPS

Willdan Group (NASDAQ:WLDNGet Rating) posted its quarterly earnings data on Thursday. The construction company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.26, MarketWatch Earnings reports. Willdan Group had a negative net margin of 2.38% and a positive return on equity of 2.47%. During the same quarter in the prior year, the company earned ($0.08) EPS.

Shares of NASDAQ WLDN opened at $26.88 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.48. Willdan Group has a 52 week low of $25.22 and a 52 week high of $43.22. The business’s 50 day moving average price is $29.75 and its 200 day moving average price is $33.29.

In other Willdan Group news, General Counsel Micah Chen sold 4,186 shares of the company’s stock in a transaction that occurred on Tuesday, March 15th. The stock was sold at an average price of $28.04, for a total value of $117,375.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Thomas Donald Brisbin sold 31,904 shares of the company’s stock in a transaction that occurred on Tuesday, March 15th. The stock was sold at an average price of $28.04, for a total value of $894,588.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,601 shares of company stock worth $2,272,800. Insiders own 12.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its stake in shares of Willdan Group by 410.7% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,145 shares of the construction company’s stock worth $76,000 after buying an additional 1,725 shares during the period. Marshall Wace LLP acquired a new position in shares of Willdan Group during the 4th quarter worth approximately $185,000. Sei Investments Co. acquired a new position in shares of Willdan Group during the 4th quarter worth approximately $201,000. Wells Fargo & Company MN acquired a new position in shares of Willdan Group during the 4th quarter worth approximately $224,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Willdan Group during the 4th quarter worth approximately $248,000. 75.17% of the stock is owned by institutional investors and hedge funds.

WLDN has been the topic of a number of recent research reports. StockNews.com initiated coverage on Willdan Group in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet lowered Willdan Group from a “c” rating to a “d+” rating in a research report on Thursday, March 10th. Finally, Zacks Investment Research upgraded Willdan Group from a “hold” rating to a “strong-buy” rating and set a $40.00 target price on the stock in a research report on Friday, January 7th.

Willdan Group Company Profile (Get Rating)

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 audit and surveys, program design, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, and measurement and verification services, as well as software and data analytics.

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Earnings History for Willdan Group (NASDAQ:WLDN)

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