NV5 Global (NASDAQ:NVEE) Announces Quarterly Earnings Results

NV5 Global (NASDAQ:NVEE) posted its quarterly earnings data on Wednesday. The business services provider reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.06, Bloomberg Earnings reports. NV5 Global had a return on equity of 13.57% and a net margin of 6.30%. The company had revenue of $127.97 million during the quarter, compared to analyst estimates of $127.57 million. During the same period in the previous year, the business earned $0.91 EPS. NV5 Global’s quarterly revenue was up 23.0% on a year-over-year basis. NV5 Global updated its FY 2019 guidance to $3.81-4.08 EPS and its FY19 guidance to $3.81 to $4.08 EPS.

Shares of NVEE stock traded up $0.43 during trading hours on Friday, reaching $68.03. The company had a trading volume of 285,011 shares, compared to its average volume of 90,848. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.51 and a quick ratio of 2.51. The stock has a fifty day simple moving average of $80.27. The firm has a market cap of $954.45 million, a P/E ratio of 21.00, a price-to-earnings-growth 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.

Several research firms have commented on NVEE. BidaskClub lowered NV5 Global from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. ValuEngine lowered NV5 Global from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered 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. Finally, Roth Capital dropped their price target on NV5 Global from $96.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $88.25.

In other news, CFO Michael P. Rama sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $73.77, for a total value of $36,885.00. Following the completion of the sale, the chief financial officer now directly owns 28,300 shares in the company, valued at $2,087,691. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard Tong sold 2,000 shares of the company’s 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 of the company’s stock, valued at $2,723,459.12. The disclosure for this sale can be found here. Insiders sold 53,464 shares of company stock valued at $4,128,365 over the last 90 days. Company insiders own 19.62% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new position in NV5 Global in the second quarter valued at approximately $32,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in NV5 Global by 43.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 603 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 183 shares during the last quarter. Bank of Montreal Can lifted its holdings in NV5 Global by 1,050.6% in the second quarter. Bank of Montreal Can now owns 932 shares of the business services provider’s stock valued at $76,000 after acquiring an additional 851 shares during the last quarter. Advisor Group Inc. lifted its holdings in NV5 Global by 49.2% in the second quarter. Advisor Group Inc. now owns 980 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 323 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in NV5 Global by 65,400.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,965 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 1,962 shares during the last quarter. Institutional investors and hedge funds own 62.34% of the company’s stock.

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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Earnings History for NV5 Global (NASDAQ:NVEE)

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