Willdan Group (NASDAQ:WLDN) Issues FY24 Earnings Guidance

Willdan Group (NASDAQ:WLDN) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $2.00-2.10 for the period, compared to the consensus EPS estimate of $1.85. The company issued revenue guidance of $280-290 million, compared to the consensus revenue estimate of $280.10 million. Willdan Group also updated its FY 2024 guidance to 2.000-2.100 EPS.

Analyst Ratings Changes

Several research firms have issued reports on WLDN. StockNews.com raised Willdan Group from a buy rating to a strong-buy rating in a report on Saturday. Roth Mkm boosted their price target on Willdan Group from $34.00 to $47.00 and gave the company a buy rating in a report on Friday. Finally, Wedbush reissued an outperform rating and set a $35.00 price target on shares of Willdan Group in a report on Monday, May 6th.

Willdan Group Price Performance

Shares of Willdan Group stock traded up $3.82 during trading hours 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. The business has a 50 day moving average price of $31.28 and a two-hundred day moving average price of $27.42. Willdan Group has a 12-month low of $17.09 and a 12-month high of $38.25. The company has a market cap of $511.34 million, a PE ratio of 39.79 and a beta of 1.38. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.79 and a current ratio of 1.79.

Willdan Group (NASDAQ:WLDN) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.29 by $0.15. Willdan Group had a return on equity of 12.27% and a net margin of 3.10%. The business had revenue of $141.00 million for the quarter, compared to the consensus estimate of $123.07 million. During the same period in the previous year, the business earned $0.19 earnings per share. Analysts expect that Willdan Group will post 1.54 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Michael A. Bieber sold 3,333 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $31.03, for a total value of $103,422.99. Following the sale, the chief executive officer now directly owns 164,361 shares in the company, valued at $5,100,121.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Fund L.P. Forager sold 10,830 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $32.84, for a total value of $355,657.20. Following the sale, the insider now directly owns 1,630,428 shares in the company, valued at $53,543,255.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael A. Bieber sold 3,333 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $31.03, for a total value of $103,422.99. Following the completion of the sale, the chief executive officer now owns 164,361 shares in the company, valued at $5,100,121.83. The disclosure for this sale can be found here. Insiders have sold 323,642 shares of company stock worth $9,959,288 over the last ninety days. Corporate insiders own 9.80% of the company’s stock.

About Willdan Group

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.