Bowman Consulting Group (NASDAQ:BWMN) Announces Earnings Results, Misses Estimates By $0.65 EPS

Bowman Consulting Group (NASDAQ:BWMN) posted its quarterly earnings results on Friday. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.65), FiscalAI reports. Bowman Consulting Group had a return on equity of 2.67% and a net margin of 1.30%. The firm had revenue of $148.70 million during the quarter, compared to analyst estimates of $137.54 million.

Bowman Consulting Group Stock Performance

Shares of NASDAQ BWMN opened at $43.00 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $42.69 and its two-hundred day moving average price is $34.55. Bowman Consulting Group has a 52-week low of $25.07 and a 52-week high of $43.22. The stock has a market capitalization of $713.37 million, a P/E ratio of 107.50 and a beta of 1.47.

Wall Street Analyst Weigh In

BWMN has been the subject of several research reports. Roth Capital lowered Bowman Consulting Group from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a research report on Wednesday, August 12th. Texas Capital lowered Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Weiss Ratings raised Bowman Consulting Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. B. Riley Financial cut Bowman Consulting Group from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Wall Street Zen raised shares of Bowman Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Seven research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $43.00.

Insider Activity at Bowman Consulting Group

In other news, CEO Gary Bowman sold 37,500 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $42.55, for a total transaction of $1,595,625.00. Following the sale, the chief executive officer directly owned 780,948 shares in the company, valued at approximately $33,229,337.40. This represents a 4.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patricia Mulroy sold 883 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $42.37, for a total value of $37,412.71. Following the sale, the director owned 26,330 shares in the company, valued at $1,115,602.10. The trade was a 3.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 60,883 shares of company stock valued at $2,590,413 over the last ninety days. Corporate insiders own 17.50% of the company’s stock.

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is an engineering services firm that provides infrastructure, planning, surveying, and consulting solutions to public- and private-sector clients. The company supports projects throughout their development and construction life cycles, serving markets such as transportation, power and utilities, commercial and residential real estate, and public infrastructure.

Its services include civil engineering, land surveying, geomatics, environmental consulting, landscape architecture, construction management, right-of-way services, and utility engineering.