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

Willdan Group (NASDAQ:WLDN - Get Free Report) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 1.800-1.870 for the period, compared to the consensus estimate of 1.810. The company issued revenue guidance of $270.0 million-$280.0 million, compared to the consensus revenue estimate of $277.5 million.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WLDN. StockNews.com lowered shares of Willdan Group from a strong-buy rating to a buy rating in a report on Saturday, March 16th. Roth Mkm reaffirmed a buy rating and issued a $34.00 target price (up from $27.00) on shares of Willdan Group in a research note on Friday, March 22nd. Finally, Wedbush upped their target price on shares of Willdan Group from $30.00 to $35.00 and gave the stock an outperform rating in a research note on Monday, March 25th.

Willdan Group Stock Up 9.9 %

NASDAQ WLDN traded up $2.81 on Friday, reaching $31.29. The company had a trading volume of 253,518 shares, compared to its average volume of 54,939. The firm has a market capitalization of $432.33 million, a price-to-earnings ratio of 36.05 and a beta of 1.47. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.67 and a current ratio of 1.67. Willdan Group has a 1-year low of $14.10 and a 1-year high of $32.66. The company's fifty day moving average is $26.28 and its 200-day moving average is $22.08.

Willdan Group (NASDAQ:WLDN - Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The construction company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.35 by $0.37. Willdan Group had a net margin of 2.14% and a return on equity of 10.17%. The firm had revenue of $155.68 million for the quarter, compared to analysts' expectations of $160.00 million. During the same period in the previous year, the firm posted $0.25 EPS. On average, research analysts forecast that Willdan Group will post 1.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Willdan Group news, major shareholder Fund L.P. Forager sold 50,208 shares of the business's stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $28.85, for a total transaction of $1,448,500.80. Following the sale, the insider now directly owns 1,748,416 shares of the company's stock, valued at approximately $50,441,801.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 147,147 shares of company stock valued at $4,462,997 in the last three months. 9.80% of the stock is currently owned by corporate insiders.

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.