Wall Street brokerages predict that NV5 Global Inc (NASDAQ:NVEE) will post earnings per share of $0.94 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for NV5 Global’s earnings. NV5 Global reported earnings of $0.69 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 36.2%. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, August 7th.

According to Zacks, analysts expect that NV5 Global will report full year earnings of $3.82 per share for the current fiscal year. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover NV5 Global.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. NV5 Global had a net margin of 6.38% and a return on equity of 14.09%. The business had revenue of $117.34 million for the quarter, compared to analyst estimates of $114.72 million.

A number of brokerages have issued reports on NVEE. Roth Capital increased their price objective on shares of NV5 Global from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Maxim Group reiterated a “buy” rating and set a $85.00 price objective on shares of NV5 Global in a research note on Wednesday, June 5th. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, BidaskClub upgraded shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. NV5 Global has an average rating of “Buy” and an average price target of $91.83.

In other news, CFO Michael P. Rama sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $73.77, for a total value of $36,885.00. Following the sale, the chief financial officer now directly owns 28,300 shares in the company, valued at approximately $2,087,691. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Michael P. Rama sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $82.52, for a total transaction of $82,520.00. Following the completion of the sale, the vice president now owns 27,300 shares in the company, valued at $2,252,796. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock worth $3,458,290 over the last quarter. Corporate insiders own 19.62% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cim LLC acquired a new stake in shares of NV5 Global in the 2nd quarter valued at approximately $200,000. Summit Creek Advisors LLC boosted its stake in shares of NV5 Global by 0.3% in the 2nd quarter. Summit Creek Advisors LLC now owns 266,758 shares of the business services provider’s stock valued at $21,714,000 after purchasing an additional 760 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of NV5 Global by 2.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 9,183 shares of the business services provider’s stock valued at $747,000 after purchasing an additional 191 shares in the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of NV5 Global in the 2nd quarter valued at approximately $218,000. Finally, Taylor Frigon Capital Management LLC boosted its stake in shares of NV5 Global by 64.2% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 29,974 shares of the business services provider’s stock valued at $2,439,000 after purchasing an additional 11,720 shares in the last quarter. Institutional investors own 62.14% of the company’s stock.

NASDAQ:NVEE traded up $1.05 during mid-day trading on Monday, reaching $82.52. 81,700 shares of the company’s stock were exchanged, compared to its average volume of 113,468. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 1.07 and a beta of 1.31. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.18. NV5 Global has a one year low of $51.46 and a one year high of $96.70. The business’s fifty day moving average is $80.32.

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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