NV5 Global Inc (NASDAQ:NVEE) Expected to Announce Quarterly Sales of $132.51 Million

Analysts forecast that NV5 Global Inc (NASDAQ:NVEE) will announce sales of $132.51 million for the current quarter, Zacks reports. Two analysts have provided estimates for NV5 Global’s earnings. The highest sales estimate is $140.00 million and the lowest is $125.02 million. NV5 Global reported sales of $104.19 million during the same quarter last year, which would suggest a positive year over year growth rate of 27.2%. The firm is expected to report its next earnings results on Wednesday, November 6th.

On average, analysts expect that NV5 Global will report full year sales of $513.51 million for the current fiscal year, with estimates ranging from $501.70 million to $525.31 million. For the next fiscal year, analysts anticipate that the firm will report sales of $583.00 million, with estimates ranging from $574.00 million to $592.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover NV5 Global.

NV5 Global (NASDAQ:NVEE) last announced its earnings results on Wednesday, August 7th. The business services provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.06. NV5 Global had a net margin of 6.30% and a return on equity of 13.32%. The business had revenue of $127.97 million during the quarter, compared to the consensus estimate of $127.57 million. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was up 23.0% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the stock. Roth Capital decreased their target price on shares of NV5 Global from $96.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. BidaskClub downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of NV5 Global from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Maxim Group reiterated a “buy” rating and set a $85.00 target price on shares of NV5 Global in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $88.25.

Shares of NVEE traded down $2.76 during mid-day trading on Friday, hitting $64.57. 127,300 shares of the company’s stock were exchanged, compared to its average volume of 117,582. NV5 Global has a fifty-two week low of $51.46 and a fifty-two week high of $96.70. The stock has a market cap of $868.73 million, a price-to-earnings ratio of 19.93, a P/E/G ratio of 0.90 and a beta of 1.30. The company has a 50 day simple moving average of $78.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.66 and a quick ratio of 2.66.

In related news, VP Richard Tong sold 2,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $78.74, for a total transaction of $157,480.00. Following the completion of the transaction, the vice president now directly owns 34,588 shares of the company’s stock, valued at $2,723,459.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Maryjo O’brien sold 3,500 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $79.01, for a total transaction of $276,535.00. Following the transaction, the vice president now directly owns 69,147 shares of the company’s stock, valued at $5,463,304.47. The disclosure for this sale can be found here. Insiders have sold 27,964 shares of company stock valued at $2,261,680 over the last three months. 19.62% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of NVEE. Steward Partners Investment Advisory LLC acquired a new stake in shares of NV5 Global in the second quarter valued at approximately $32,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in NV5 Global by 43.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 603 shares of the business services provider’s stock worth $36,000 after acquiring an additional 183 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in NV5 Global during the second quarter worth approximately $44,000. Bank of Montreal Can boosted its position in NV5 Global by 1,050.6% during the second quarter. Bank of Montreal Can now owns 932 shares of the business services provider’s stock worth $76,000 after acquiring an additional 851 shares during the last quarter. Finally, Advisor Group Inc. boosted its position in NV5 Global by 49.2% during the second quarter. Advisor Group Inc. now owns 980 shares of the business services provider’s stock worth $79,000 after acquiring an additional 323 shares during the last quarter. 61.72% of the stock is owned by hedge funds and other institutional investors.

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 and Estimates for NV5 Global (NASDAQ:NVEE)

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