Wedbush Bullish Following Willdan Group's (WLDN) Impressive Organic Growth

Wedbush maintains an Outperform rating and $20.00 price target on Willdan Group (NASDAQ: WLDN) following impressive organic growth. WLDN reported revenue of $33.3M (compared to Wedbush's $30.5M estimate), an impressive 30% organic growth rate. EPS was $0.18, beating estimates by 5 cents.

Wedbush analyst Al Kaschalk commented on WLDN, saying, "We are maintaining our positive stance on shares of Willdan Group (WLDN) following an impressive Q1. Top-line beat was driven by organic growth of energy efficiency services (ESS) primarily in New York and California and greater demand for city engineering services (ES) in the state of California. With improved mix, operating profit easily topped our estimate and drove a $0.05 EPS beat. With the integration of two acquisitions in January, WLDN was awarded several new contracts and new orders in 1Q positioning management to provide strong outlook for 2015 including an estimated double-digit organic top-line organic growth rate over the mid-term."

For an analyst ratings summary and ratings history on Willdan Group click here. For more ratings news on Willdan Group click here.

Shares of Willdan Group closed at $14.49 yesterday.

You May Also Be Interested In

• Stifel Upgrades Shopify (SHOP) to Buy: 'realistic path to 30%-plus revenue growth in 2026'
• General Dynamics Corp. (GD) PT Raised to $440 at Jefferies
• Delek Logistics Partners, LP (DKL) PT Raised to $54 at Mizuho