Willdan Group (NASDAQ:WLDN) Releases FY 2024 Earnings Guidance

Willdan Group (NASDAQ:WLDN) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.000-2.100 for the period, compared to the consensus estimate of 1.850. The company issued revenue guidance of $280.0 million-$290.0 million, compared to the consensus revenue estimate of $280.1 million. Willdan Group also updated its FY24 guidance to $2.00-2.10 EPS.

Willdan Group Stock Performance

Shares of WLDN traded up $3.82 during mid-day trading on Friday, hitting $37.00. The company’s stock had a trading volume of 345,264 shares, compared to its average volume of 86,372. Willdan Group has a one year low of $17.09 and a one year high of $38.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market capitalization of $511.34 million, a PE ratio of 39.79 and a beta of 1.38. The stock’s 50-day moving average is $31.28 and its two-hundred day moving average is $27.42.

Willdan Group (NASDAQ:WLDN) last issued its earnings results on Thursday, August 1st. The construction company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.29 by $0.15. The firm had revenue of $141.00 million during the quarter, compared to analysts’ expectations of $123.07 million. Willdan Group had a return on equity of 12.27% and a net margin of 3.10%. During the same period last year, the business earned $0.19 earnings per share. As a group, sell-side analysts anticipate that Willdan Group will post 1.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wedbush reiterated an outperform rating and issued a $35.00 price objective on shares of Willdan Group in a research report on Monday, May 6th. StockNews.com raised Willdan Group from a buy rating to a strong-buy rating in a research report on Saturday. Finally, Roth Mkm boosted their price target on Willdan Group from $34.00 to $47.00 and gave the stock a buy rating in a research report on Friday.

Insiders Place Their Bets

In related news, major shareholder Fund L.P. Forager sold 5,707 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $33.01, for a total transaction of $188,388.07. Following the transaction, the insider now owns 1,613,241 shares in the company, valued at approximately $53,253,085.41. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Willdan Group news, major shareholder Fund L.P. Forager sold 5,707 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $33.01, for a total transaction of $188,388.07. Following the sale, the insider now directly owns 1,613,241 shares in the company, valued at approximately $53,253,085.41. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas Donald Brisbin sold 7,347 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $32.01, for a total value of $235,177.47. Following the completion of the transaction, the director now owns 413,908 shares in the company, valued at $13,249,195.08. The disclosure for this sale can be found here. Insiders sold a total of 323,642 shares of company stock valued at $9,959,288 over the last 90 days. Insiders own 9.80% of the company’s stock.

Willdan Group Company Profile

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 and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.