Zacks: Analysts Expect NV5 Global Inc (NASDAQ:NVEE) Will Announce Earnings of $1.04 Per Share
Analysts expect that NV5 Global Inc (NASDAQ:NVEE) will announce earnings of $1.04 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for NV5 Global’s earnings. NV5 Global reported earnings of $0.82 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 26.8%. The company is expected to issue its next quarterly earnings report on Wednesday, November 6th.
According to Zacks, analysts expect that NV5 Global will report full year earnings of $3.80 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will report earnings of $4.26 per share. Zacks’ EPS averages are an average based on a survey of research firms that follow NV5 Global.
NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.94 by $0.06. NV5 Global had a return on equity of 13.32% and a net margin of 6.30%. The firm had revenue of $127.97 million for the quarter, compared to analyst estimates of $127.57 million. During the same period in the previous year, the company posted $0.91 EPS. NV5 Global’s revenue for the quarter was up 23.0% on a year-over-year basis.
In other NV5 Global news, VP Richard Tong sold 2,000 shares of NV5 Global stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $78.74, for a total transaction of $157,480.00. Following the sale, the vice president now owns 34,588 shares of the company’s stock, valued at approximately $2,723,459.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael P. Rama sold 1,000 shares of NV5 Global stock in a transaction on Monday, June 10th. The shares were sold at an average price of $82.52, for a total value of $82,520.00. Following the sale, the vice president now directly owns 27,300 shares in the company, valued at approximately $2,252,796. The disclosure for this sale can be found here. Insiders have sold a total of 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 company insiders.
A number of hedge funds have recently made changes to their positions in NVEE. Steward Partners Investment Advisory LLC bought a new position in shares of NV5 Global in the second quarter worth $32,000. Tower Research Capital LLC TRC bought a new position in shares of NV5 Global in the second quarter worth $44,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of NV5 Global by 43.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 603 shares of the business services provider’s stock worth $36,000 after purchasing an additional 183 shares in the last quarter. Bank of Montreal Can grew its stake in shares of NV5 Global by 1,050.6% in the second quarter. Bank of Montreal Can now owns 932 shares of the business services provider’s stock worth $76,000 after purchasing an additional 851 shares in the last quarter. Finally, Advisor Group Inc. grew its stake in shares of NV5 Global by 49.2% in the second quarter. Advisor Group Inc. now owns 980 shares of the business services provider’s stock worth $79,000 after purchasing an additional 323 shares in the last quarter. Institutional investors own 61.72% of the company’s stock.
NVEE stock traded down $2.76 during midday trading on Wednesday, hitting $64.57. 127,300 shares of the company’s stock were exchanged, compared to its average volume of 117,582. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.20. NV5 Global has a 12-month low of $51.46 and a 12-month high of $96.70. The business has a 50 day moving average of $78.99. The firm has a market capitalization of $868.73 million, a PE ratio of 19.93, a price-to-earnings-growth ratio of 0.90 and a beta of 1.30.
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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