Equities research analysts expect NV5 Global Inc (NASDAQ:NVEE) to post earnings of $0.68 per share for the current quarter, Zacks reports. Two analysts have made estimates for NV5 Global’s earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.65. NV5 Global reported earnings of $0.59 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.3%. The business is expected to announce its next earnings results after the market closes on Wednesday, May 8th.
According to Zacks, analysts expect that NV5 Global will report full-year earnings of $3.63 per share for the current financial year, with EPS estimates ranging from $3.55 to $3.71. For the next financial year, analysts forecast that the firm will report earnings of $4.48 per share. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow NV5 Global.
NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings data on Thursday, March 7th. The business services provider reported $0.91 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.07). NV5 Global had a return on equity of 14.88% and a net margin of 6.42%. The business had revenue of $115.34 million for the quarter, compared to the consensus estimate of $116.00 million.
Several research firms recently commented on NVEE. Maxim Group reissued a “buy” rating and set a $85.00 price objective (down previously from $93.00) on shares of NV5 Global in a research note on Monday, April 15th. Zacks Investment Research raised shares of NV5 Global from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. BidaskClub raised shares of NV5 Global from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Singular Research reissued a “buy” rating on shares of NV5 Global in a research note on Wednesday, March 13th. Finally, ValuEngine lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $88.00.
In other NV5 Global news, COO Alexander A. Hockman sold 40,000 shares of NV5 Global stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $59.86, for a total value of $2,394,400.00. Following the completion of the transaction, the chief operating officer now directly owns 214,916 shares of the company’s stock, valued at $12,864,871.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Donald C. Alford sold 9,750 shares of NV5 Global stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $60.66, for a total transaction of $591,435.00. Following the completion of the transaction, the vice president now directly owns 42,886 shares of the company’s stock, valued at $2,601,464.76. The disclosure for this sale can be found here. Insiders sold 50,250 shares of company stock valued at $3,017,090 over the last ninety days. Corporate insiders own 19.62% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in NVEE. Raymond James Financial Services Advisors Inc. bought a new position in shares of NV5 Global in the first quarter worth approximately $403,000. Emerald Mutual Fund Advisers Trust boosted its position in shares of NV5 Global by 0.8% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 303,646 shares of the business services provider’s stock worth $18,024,000 after purchasing an additional 2,298 shares during the period. Kornitzer Capital Management Inc. KS boosted its position in shares of NV5 Global by 35.7% in the first quarter. Kornitzer Capital Management Inc. KS now owns 19,000 shares of the business services provider’s stock worth $1,128,000 after purchasing an additional 5,000 shares during the period. Eagle Asset Management Inc. boosted its position in shares of NV5 Global by 50.0% in the first quarter. Eagle Asset Management Inc. now owns 109,975 shares of the business services provider’s stock worth $6,528,000 after purchasing an additional 36,638 shares during the period. Finally, Concorde Asset Management LLC boosted its position in shares of NV5 Global by 29.6% during the first quarter. Concorde Asset Management LLC now owns 10,121 shares of the business services provider’s stock worth $601,000 after acquiring an additional 2,311 shares during the last quarter. 62.29% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:NVEE traded down $1.43 during mid-day trading on Tuesday, hitting $63.08. 7,888 shares of the company’s stock were exchanged, compared to its average volume of 81,069. NV5 Global has a one year low of $51.46 and a one year high of $96.70. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.54 and a quick ratio of 2.54. The firm has a market capitalization of $801.20 million, a P/E ratio of 19.47, a PEG ratio of 0.89 and a beta of 1.68.
About NV5 Global
NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.
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