NV5 Global (NASDAQ:NVEE) issued its earnings results on Thursday. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02), Fidelity Earnings reports. NV5 Global had a return on equity of 17.69% and a net margin of 7.64%. The business had revenue of $104.19 million for the quarter, compared to analysts’ expectations of $104.50 million. During the same period last year, the business earned $0.75 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis.
NVEE traded down $3.79 on Friday, reaching $86.21. The stock had a trading volume of 101,759 shares, compared to its average volume of 78,074. NV5 Global has a 12-month low of $40.01 and a 12-month high of $96.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.48 and a current ratio of 2.48. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 1.38 and a beta of 1.46.
In other NV5 Global news, COO Alexander A. Hockman sold 10,000 shares of NV5 Global stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $82.73, for a total value of $827,300.00. Following the completion of the transaction, the chief operating officer now owns 255,183 shares of the company’s stock, valued at $21,111,289.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dickerson Wright sold 1,145 shares of NV5 Global stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $83.50, for a total transaction of $95,607.50. The disclosure for this sale can be found here. 26.00% of the stock is currently owned by insiders.
Several brokerages recently issued reports on NVEE. ValuEngine raised shares of NV5 Global from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 8th. Roth Capital raised their target price on shares of NV5 Global from $90.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, August 29th. Zacks Investment Research raised shares of NV5 Global from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a report on Thursday, August 9th. Seaport Global Securities reissued a “buy” rating and set a $95.00 target price on shares of NV5 Global in a report on Monday, August 6th. Finally, BidaskClub cut shares of NV5 Global from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 27th. Eight analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of $97.50.
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NV5 Global Company Profile
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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