Zacks: Analysts Expect Willdan Group, Inc. (WLDN) Will Post Quarterly Sales of $61.01 Million

Wall Street brokerages predict that Willdan Group, Inc. (NASDAQ:WLDN) will post $61.01 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Willdan Group’s earnings, with estimates ranging from $60.82 million to $61.20 million. Willdan Group reported sales of $69.01 million in the same quarter last year, which would suggest a negative year over year growth rate of 11.6%. The company is expected to report its next earnings report on Thursday, November 1st.

On average, analysts expect that Willdan Group will report full-year sales of $234.71 million for the current financial year, with estimates ranging from $234.00 million to $235.41 million. For the next financial year, analysts anticipate that the business will post sales of $264.60 million, with estimates ranging from $251.79 million to $277.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Willdan Group.

Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings results on Thursday, August 2nd. The construction company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. Willdan Group had a net margin of 4.72% and a return on equity of 14.25%. The business had revenue of $59.83 million for the quarter.

A number of research firms have recently weighed in on WLDN. ValuEngine raised shares of Willdan Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. BidaskClub raised shares of Willdan Group from a “hold” rating to a “buy” rating in a research note on Thursday, June 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Willdan Group currently has a consensus rating of “Buy” and a consensus target price of $35.00.

Shares of NASDAQ:WLDN traded down $1.72 on Friday, reaching $30.95. 88,100 shares of the company were exchanged, compared to its average volume of 66,168. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.03. Willdan Group has a 1-year low of $19.25 and a 1-year high of $35.11. The stock has a market cap of $293.33 million, a PE ratio of 26.95 and a beta of 1.23.

A number of hedge funds and other institutional investors have recently modified their holdings of WLDN. Schwab Charles Investment Management Inc. grew its stake in Willdan Group by 23.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 18,099 shares of the construction company’s stock valued at $514,000 after acquiring an additional 3,400 shares during the last quarter. Northern Trust Corp grew its stake in Willdan Group by 2.7% in the 1st quarter. Northern Trust Corp now owns 108,176 shares of the construction company’s stock valued at $3,066,000 after acquiring an additional 2,868 shares during the last quarter. Royal Bank of Canada grew its stake in Willdan Group by 255.7% in the 1st quarter. Royal Bank of Canada now owns 57,875 shares of the construction company’s stock valued at $1,640,000 after acquiring an additional 41,606 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in Willdan Group in the 1st quarter valued at about $1,211,000. Finally, Bank of Montreal Can grew its stake in Willdan Group by 66.4% in the 2nd quarter. Bank of Montreal Can now owns 6,119 shares of the construction company’s stock valued at $191,000 after acquiring an additional 2,441 shares during the last quarter. 67.65% of the stock is currently owned by hedge funds and other institutional investors.

About Willdan Group

Willdan Group, Inc, together with its subsidiaries, provides professional technical and consulting services to utilities, private industry, and public agencies at various levels of government primarily in the Unites States. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services, and Homeland Security Services.

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