Willdan Group (NASDAQ:WLDN – Get Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share guidance of $1.86-$1.86 for the period, compared to the consensus earnings per share 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 up $1.92 during mid-day trading on Monday, reaching $27.52. 577 shares of the company’s stock were exchanged, compared to its average volume of 64,074. The firm has a market capitalization of $363.43 million, a price-to-earnings ratio of -38.18 and a beta of 1.23. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. The business has a fifty day simple moving average of $28.55 and a 200 day simple moving average of $32.67. Willdan Group has a twelve month low of $23.32 and a twelve month high of $43.22.
Willdan Group (NASDAQ:WLDN – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The construction company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.26. Willdan Group had a positive return on equity of 2.08% and a negative net margin of 2.30%. During the same quarter last year, the company earned ($0.08) EPS. Equities research analysts predict that Willdan Group will post 0.49 earnings per share for the current fiscal year.
In related news, CEO Thomas Donald Brisbin sold 3,427 shares of the business’s stock in a transaction that occurred 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 document filed with the SEC, which is available through this hyperlink. Also, SVP Paul Milton Whitelaw sold 7,458 shares of the stock in a transaction on Tuesday, March 15th. The shares were sold at an average price of $28.04, for a total value of $209,122.32. The disclosure for this sale can be found here. Insiders have sold a total of 80,601 shares of company stock worth $2,272,800 in the last ninety days. Insiders own 12.30% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its stake in Willdan Group by 410.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,145 shares of the construction company’s stock valued at $76,000 after acquiring an additional 1,725 shares during the period. Marshall Wace LLP bought a new stake in Willdan Group in the 4th quarter valued at $185,000. UBS Group AG bought a new stake in Willdan Group in the 1st quarter valued at $175,000. Sei Investments Co. bought a new stake in Willdan Group in the 4th quarter valued at $201,000. Finally, Wells Fargo & Company MN bought a new stake in Willdan Group in the 4th quarter valued at $224,000. Institutional investors and hedge funds own 75.17% of the company’s stock.
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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