Willdan Group (NASDAQ:WLDN) Releases Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Key Points

• Willdan Group reported quarterly EPS of $0.95, missing the $1.08 consensus estimate by $0.13.
• Shares fell $3.35 to $70.85 during Thursday’s trading, and were below both their 50-day and 200-day moving averages.
• Analysts maintained a consensus “Buy” rating with an average price target of $118.33; insiders sold 67,101 shares worth about $5.87 million over the past 90 days.

Willdan Group (NASDAQ:WLDN - Get Free Report) issued its quarterly earnings data on Thursday. The construction company reported $0.95 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.13), Zacks reports. Willdan Group had a return on equity of 24.51% and a net margin of 8.80%.

Willdan Group Stock Performance

Shares of WLDN stock traded down $3.35 during trading hours on Thursday, reaching $70.85. 252,171 shares of the company traded hands, compared to its average volume of 308,356. The firm has a 50-day moving average price of $77.90 and a 200 day moving average price of $86.51. The company has a market cap of $1.08 billion, a P/E ratio of 16.63 and a beta of 1.28. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.37 and a quick ratio of 1.37. Willdan Group has a 12-month low of $64.67 and a 12-month high of $137.00.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Willdan Group in a research report on Monday, October 19th. Wall Street Zen upgraded shares of Willdan Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Zacks Research raised shares of Willdan Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 7th. Yorkville Ives began coverage on shares of Willdan Group in a research report on Monday, October 5th. They issued an "outperform" rating and a $100.00 price target on the stock. Finally, Wedbush reiterated an "outperform" rating and set a $130.00 price target on shares of Willdan Group in a research note on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Willdan Group presently has a consensus rating of "Buy" and a consensus target price of $118.33.

Insider Transactions at Willdan Group

In other Willdan Group news, Director Thomas Brisbin sold 4,905 shares of Willdan Group stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $79.36, for a total transaction of $389,260.80. Following the transaction, the director owned 96,687 shares of the company's stock, valued at $7,673,080.32. The trade was a 4.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 67,101 shares of company stock valued at $5,871,388. Corporate insiders own 5.60% of the company's stock.

About Willdan Group

Willdan Group, Inc NASDAQ: WLDN is a professional services company that provides technical, consulting and infrastructure solutions to utilities, government agencies and commercial clients. The company operates primarily in the United States, with a strong presence in California and other markets where energy, infrastructure and public-sector modernization services are in demand.

Through its energy-focused operations, Willdan designs and implements energy-efficiency, demand-response, electrification and distributed-energy programs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.