NV5 Global, Inc. Forecasted to Post FY2017 Earnings of $2.36 Per Share (NVEE)
NV5 Global, Inc. (NASDAQ:NVEE) – Seaport Global Securities raised their FY2017 earnings per share (EPS) estimates for shares of NV5 Global in a research report issued to clients and investors on Wednesday. Seaport Global Securities analyst M. Shlisky now anticipates that the business services provider will earn $2.36 per share for the year, up from their prior forecast of $2.22. Seaport Global Securities has a “Buy” rating and a $61.00 price objective on the stock. Seaport Global Securities also issued estimates for NV5 Global’s Q4 2017 earnings at $0.65 EPS, Q3 2018 earnings at $0.72 EPS and Q4 2018 earnings at $0.82 EPS.
NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.05. The firm had revenue of $91.26 million for the quarter, compared to the consensus estimate of $103.15 million. NV5 Global had a net margin of 5.23% and a return on equity of 15.06%.
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NVEE has been the topic of several other reports. BidaskClub downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Lake Street Capital lifted their price objective on shares of NV5 Global to $66.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Roth Capital lifted their price objective on shares of NV5 Global from $48.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $58.60.
Shares of NV5 Global (NASDAQ NVEE) opened at $51.75 on Friday. The firm has a market cap of $557.66, a PE ratio of 25.09, a P/E/G ratio of 1.20 and a beta of 1.90. NV5 Global has a 52-week low of $32.35 and a 52-week high of $58.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.35 and a quick ratio of 2.35.
Institutional investors have recently added to or reduced their stakes in the business. S Squared Technology LLC increased its stake in NV5 Global by 17.9% during the 2nd quarter. S Squared Technology LLC now owns 57,165 shares of the business services provider’s stock valued at $2,430,000 after buying an additional 8,667 shares during the period. Pier Capital LLC acquired a new position in NV5 Global during the 2nd quarter valued at about $4,954,000. First National Bank of Hutchinson acquired a new position in NV5 Global during the 3rd quarter valued at about $326,000. Russell Investments Group Ltd. increased its stake in NV5 Global by 51.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 416,145 shares of the business services provider’s stock valued at $17,686,000 after buying an additional 140,830 shares during the period. Finally, Vanguard Group Inc. increased its stake in NV5 Global by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 313,943 shares of the business services provider’s stock valued at $11,804,000 after buying an additional 16,034 shares during the period. 56.28% of the stock is currently owned by hedge funds and other institutional investors.
NV5 Global Company Profile
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.
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