NV5 Global Inc (NASDAQ:NVEE) Expected to Post Earnings of $1.04 Per Share

Wall Street analysts expect that NV5 Global Inc (NASDAQ:NVEE) will announce earnings of $1.04 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for NV5 Global’s earnings. NV5 Global reported earnings of $0.82 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 26.8%. The company is scheduled to issue its next earnings results on Wednesday, November 6th.

On average, analysts expect that NV5 Global will report full year earnings of $3.80 per share for the current fiscal year. For the next financial year, analysts expect that the firm will report earnings of $4.26 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for NV5 Global.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.06. The business had revenue of $127.97 million during the quarter, compared to the consensus estimate of $127.57 million. NV5 Global had a net margin of 6.30% and a return on equity of 13.57%. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS.

NVEE has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of NV5 Global from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Maxim Group restated a “buy” rating and issued a $85.00 price target on shares of NV5 Global in a research report on Wednesday, June 5th. ValuEngine downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Roth Capital reduced their price target on shares of NV5 Global from $96.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday. Finally, BidaskClub downgraded shares of NV5 Global from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $88.25.

In other NV5 Global news, VP Richard Tong sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $78.74, for a total value of $157,480.00. Following the completion of the sale, the vice president now owns 34,588 shares in the company, valued at approximately $2,723,459.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Alexander A. Hockman sold 6,464 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $79.30, for a total transaction of $512,595.20. Following the completion of the sale, the chief operating officer now owns 204,716 shares of the company’s stock, valued at approximately $16,233,978.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,464 shares of company stock valued at $4,128,365. Insiders own 19.62% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC purchased a new stake in NV5 Global in the 2nd quarter worth approximately $32,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of NV5 Global by 43.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 603 shares of the business services provider’s stock worth $36,000 after purchasing an additional 183 shares during the last quarter. Bank of Montreal Can increased its stake in shares of NV5 Global by 1,050.6% during the 2nd quarter. Bank of Montreal Can now owns 932 shares of the business services provider’s stock worth $76,000 after purchasing an additional 851 shares during the last quarter. Advisor Group Inc. increased its stake in shares of NV5 Global by 49.2% during the 2nd quarter. Advisor Group Inc. now owns 980 shares of the business services provider’s stock worth $79,000 after purchasing an additional 323 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of NV5 Global by 65,400.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,965 shares of the business services provider’s stock worth $117,000 after purchasing an additional 1,962 shares during the last quarter. Institutional investors own 62.34% of the company’s stock.

Shares of NASDAQ:NVEE traded up $0.43 during mid-day trading on Wednesday, hitting $68.03. The stock had a trading volume of 285,011 shares, compared to its average volume of 90,848. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $954.45 million, a P/E ratio of 21.76, a PEG ratio of 0.99 and a beta of 1.30. NV5 Global has a 12-month low of $51.46 and a 12-month high of $96.70. The firm’s 50 day simple moving average is $80.27.

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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Earnings History and Estimates for NV5 Global (NASDAQ:NVEE)

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