Willdan Group (NASDAQ:WLDN) Releases 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.

Shares of NASDAQ WLDN traded down $0.09 during midday trading on Monday, hitting $25.69. The stock had a trading volume of 2 shares, compared to its average volume of 65,021. The business’s 50 day moving average is $29.02 and its 200-day moving average is $33.00. Willdan Group has a 52 week low of $23.32 and a 52 week high of $43.22. The company has a current ratio of 1.58, a quick ratio of 1.27 and a debt-to-equity ratio of 0.57.

Willdan Group (NASDAQ:WLDNGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The construction company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.26. Willdan Group had a negative net margin of 2.30% and a positive return on equity of 2.08%. During the same period in the previous year, the firm earned ($0.08) earnings per share. On average, equities research analysts expect that Willdan Group will post 0.54 EPS for the current fiscal year.

A number of analysts have weighed in on the company. TheStreet lowered Willdan Group from a c rating to a d+ rating in a report on Thursday, March 10th. StockNews.com started coverage on shares of Willdan Group in a report on Thursday, March 31st. They issued a hold rating on the stock.

In related news, CEO Thomas Donald Brisbin sold 31,904 shares of the business’s stock in a transaction dated Tuesday, March 15th. The shares were sold at an average price of $28.04, for a total transaction of $894,588.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Creighton K. Early sold 8,224 shares of the company’s stock in a transaction dated Tuesday, March 15th. The shares were sold at an average price of $28.04, for a total transaction of $230,600.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,601 shares of company stock valued at $2,272,800. Corporate insiders own 13.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley grew its holdings in Willdan Group by 27.8% during the 2nd quarter. Morgan Stanley now owns 45,883 shares of the construction company’s stock worth $1,727,000 after acquiring an additional 9,974 shares in the last quarter. Millennium Management LLC raised its position in shares of Willdan Group by 85.6% during the 3rd quarter. Millennium Management LLC now owns 11,898 shares of the construction company’s stock worth $423,000 after buying an additional 5,488 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Willdan Group by 410.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,145 shares of the construction company’s stock worth $76,000 after purchasing an additional 1,725 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Willdan Group by 683.2% in the 4th quarter. Bank of America Corp DE now owns 36,229 shares of the construction company’s stock worth $1,275,000 after purchasing an additional 31,603 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Willdan Group by 197.0% in the 4th quarter. Barclays PLC now owns 13,524 shares of the construction company’s stock worth $476,000 after purchasing an additional 8,970 shares in the last quarter. 75.17% of the stock is owned by institutional investors.

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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