Willdan Group (NASDAQ:WLDN) Releases Fiscal 2022 Earnings Forecast
Willdan Group (NASDAQ:WLDN – Get Rating) released an update to its fiscal 2022 earnings guidance on Monday morning. The company provided EPS guidance of $1.86 to $1.86 for the period. , versus the consensus EPS estimate of $1.79. The company released a revenue forecast of $241.83 million to $241.83 million, compared to the consensus revenue estimate of $239.54 million.
NASDAQ WLDN shares traded at $0.36 midday on Monday, hitting $25.96. 1 share of the stock traded in hands, compared to its average volume of 64,074. The company has a market capitalization of $342.83 million, a PE ratio of -37.65 and a beta of 1.23. The company has a debt ratio of 0.57, a current ratio of 1.58 and a quick ratio of 1.58. The company has a 50-day simple moving average of $28.55 and a two-hundred-day simple moving average of $32.67. Willdan Group has a 12-month low of $23.32 and a 12-month high of $43.22.
Willdan Group (NASDAQ:WLDN – Get Rating) last released its results on Thursday, May 5. The construction company reported EPS of $0.07 for the quarter, beating analyst consensus estimates of ($0.19) by $0.26. Willdan Group recorded a positive return on equity of 2.08% and a negative net margin of 2.30%. During the same period last year, the company posted ($0.08) earnings per share. On average, equity research analysts expect Willdan Group to post 0.49 earnings per share for the current fiscal year.
Several analysts have commented on WLDN shares. StockNews.com launched coverage on Willdan Group shares in a Thursday, March 31 report. They issued a holding note for the company. TheStreet downgraded shares of Willdan Group from an ac to a d+ rating in a Thursday, March 10 research note.
Separately, CFO Creighton K. Early sold 8,224 shares of the company in a trade that took place on Tuesday, March 15. The stock was sold at an average price of $28.04, for a total transaction of $230,600.96. The transaction was disclosed in a filing with the SEC, accessible via this link. Additionally, CEO Thomas Donald Brisbin sold 31,904 shares of the company in a trade on Tuesday, March 15. The stock was sold at an average price of $28.04, for a total value of $894,588.16. The disclosure of this sale can be found here. During the last quarter, insiders sold 80,601 shares of the company worth $2,272,800. Insiders of the company hold 12.30% of the shares of the company.
Several institutional investors and hedge funds have recently changed their holdings of WLDN. BNP Paribas Arbitrage SA increased its stake in Willdan Group by 42.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,084 shares in the construction company worth $125,000 after purchasing an additional 1,220 shares during the period. Gabelli Funds LLC increased its holdings of Willdan Group shares by 46.5% in the first quarter. Gabelli Funds LLC now owns 12,843 shares of the construction company valued at $394,000 after acquiring 4,075 additional shares last quarter. Eaton Vance Management bought a new position in Willdan Group during Q1 worth approximately $1,199,000. PDT Partners LLC bought a new position in Willdan Group during Q1 worth approximately $247,000. Finally, State Street Corp increased its position in Willdan Group shares by 5.1% in the 1st quarter. State Street Corp now owns 219,473 shares of the construction company worth $6,736,000 after purchasing an additional 10,596 shares during the period. 75.17% of the shares are held by hedge funds and other institutional investors.
About Willdan Group (Get a rating)
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 investigation, program design, master planning, demand reduction, network optimization, benchmarking, design engineering, construction, performance contracts, installation, alternative financing and measurement and verification, as well as analytical software and data.
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