Willdan Group (NASDAQ:WLDN) Issues FY 2022 Earnings Guidance

Willdan Group (NASDAQ:WLDNGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $1.86-$1.86 for the period, compared to the consensus EPS estimate of $1.79. The company issued revenue guidance of $241.83 million-$241.83 million, compared to the consensus revenue estimate of $239.54 million.

Several equities analysts have recently weighed in on the stock. TheStreet downgraded shares of Willdan Group from a c rating to a d+ rating in a research note on Thursday, March 10th. StockNews.com assumed coverage on Willdan Group in a research report on Thursday, March 31st. They issued a hold rating for the company.

Shares of WLDN stock traded down $0.18 on Monday, hitting $26.70. 774 shares of the stock traded hands, compared to its average volume of 66,011. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.27 and a current ratio of 1.27. Willdan Group has a twelve month low of $25.22 and a twelve month high of $43.22. The firm’s 50-day moving average price is $29.75 and its two-hundred day moving average price is $33.29. The stock has a market capitalization of $352.60 million, a PE ratio of -39.53 and a beta of 1.23.

Willdan Group (NASDAQ:WLDNGet Rating) last posted its earnings results on Thursday, May 5th. The construction company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.26. Willdan Group had a negative net margin of 2.30% and a positive return on equity of 2.09%. During the same period last year, the business posted ($0.08) EPS. On average, equities research analysts anticipate that Willdan Group will post 0.54 EPS for the current fiscal year.

In other Willdan Group news, CEO Thomas Donald Brisbin sold 3,427 shares of the company’s stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $31.76, for a total transaction of $108,841.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Michael A. Bieber sold 25,402 shares of Willdan Group stock in a transaction on Tuesday, March 15th. The shares were sold at an average price of $28.04, for a total value of $712,272.08. The disclosure for this sale can be found here. Insiders sold 80,601 shares of company stock worth $2,272,800 in the last 90 days. Company insiders own 13.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its holdings in Willdan Group by 410.7% in the third quarter. BNP Paribas Arbitrage SA now owns 2,145 shares of the construction company’s stock valued at $76,000 after purchasing an additional 1,725 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Willdan Group in the 4th quarter valued at $185,000. Sei Investments Co. purchased a new stake in Willdan Group in the 4th quarter valued at $201,000. Wells Fargo & Company MN acquired a new stake in Willdan Group during the 4th quarter worth $224,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Willdan Group during the 4th quarter worth $248,000. Institutional investors own 75.17% of the company’s stock.

About Willdan Group (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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