NV5 Global, Inc. (NVEE) Expected to Post Quarterly Sales of $103.15 Million
Wall Street brokerages expect NV5 Global, Inc. (NASDAQ:NVEE) to post $103.15 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for NV5 Global’s earnings, with the highest sales estimate coming in at $103.30 million and the lowest estimate coming in at $103.00 million. NV5 Global reported sales of $60.09 million in the same quarter last year, which indicates a positive year-over-year growth rate of 71.7%. The company is scheduled to report its next earnings report after the market closes on Wednesday, November 8th.
According to Zacks, analysts expect that NV5 Global will report full-year sales of $103.15 million for the current financial year, with estimates ranging from $344.80 million to $349.80 million. For the next fiscal year, analysts expect that the business will post sales of $403.80 million per share, with estimates ranging from $403.60 million to $404.00 million. Zacks’ sales averages are an average based on a survey of research firms that follow NV5 Global.
NV5 Global (NASDAQ:NVEE) last released its earnings results on Thursday, August 3rd. The business services provider reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The firm had revenue of $83.74 million during the quarter, compared to analysts’ expectations of $87.73 million. NV5 Global had a net margin of 4.90% and a return on equity of 12.79%.
Several brokerages have recently issued reports on NVEE. ValuEngine raised shares of NV5 Global from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Zacks Investment Research raised shares of NV5 Global from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Saturday, September 9th. Seaport Global Securities reissued a “buy” rating and set a $61.00 price objective (up from $42.00) on shares of NV5 Global in a research note on Wednesday, October 11th. Finally, BidaskClub cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. NV5 Global currently has a consensus rating of “Hold” and a consensus target price of $53.50.
Large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its holdings in shares of NV5 Global by 536.1% during the 3rd quarter. Victory Capital Management Inc. now owns 3,664 shares of the business services provider’s stock valued at $200,000 after acquiring an additional 3,088 shares in the last quarter. Simplex Trading LLC lifted its holdings in shares of NV5 Global by 1,972.5% during the 3rd quarter. Simplex Trading LLC now owns 4,000 shares of the business services provider’s stock valued at $218,000 after acquiring an additional 3,807 shares in the last quarter. American International Group Inc. lifted its holdings in shares of NV5 Global by 7.1% during the 1st quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock valued at $170,000 after acquiring an additional 301 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of NV5 Global by 129.0% during the 1st quarter. Bank of America Corp DE now owns 4,590 shares of the business services provider’s stock valued at $173,000 after acquiring an additional 2,586 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of NV5 Global by 512.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 4,900 shares of the business services provider’s stock valued at $208,000 after acquiring an additional 4,100 shares in the last quarter. Institutional investors and hedge funds own 55.49% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This story was first reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.watchlistnews.com/nv5-global-inc-nvee-expected-to-post-quarterly-sales-of-103-15-million/1676420.html.
NV5 Global (NASDAQ:NVEE) traded down $0.90 during mid-day trading on Tuesday, reaching $55.70. 37,605 shares of the company’s stock traded hands, compared to its average volume of 55,838. The stock has a market capitalization of $600.14 million, a PE ratio of 31.00 and a beta of 1.44.
About NV5 Global
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NV5 Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NV5 Global Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.