NV5 Global (NASDAQ:NVEE) Updates FY 2022 Earnings Guidance

NV5 Global (NASDAQ:NVEE – Get Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share guidance of $5.39-$5.80 for the period, compared to the consensus earnings per share estimate of $5.27. The company issued revenue guidance of $785.00 million-$810.00 million, compared to the consensus revenue estimate of $783.54 million.

Shares of NVEE stock traded down $1.64 during trading hours on Monday, hitting $110.48. 206 shares of the company were exchanged, compared to its average volume of 65,762. The firm has a fifty day simple moving average of $126.30 and a 200 day simple moving average of $120.28. The company has a current ratio of 2.02, a quick ratio of 1.85 and a debt-to-equity ratio of 0.17. NV5 Global has a 52-week low of $84.83 and a 52-week high of $141.48. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 33.67, a P/E/G ratio of 1.46 and a beta of 1.04.

NV5 Global (NASDAQ:NVEE – Get Rating) last released its quarterly earnings data on Monday, February 28th. The business services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.55. NV5 Global had a net margin of 6.76% and a return on equity of 12.78%. The business had revenue of $188.56 million during the quarter, compared to analyst estimates of $180.00 million. Sell-side analysts anticipate that NV5 Global will post 5.41 EPS for the current year.

Several research analysts have commented on NVEE shares. StockNews.com started coverage on shares of NV5 Global in a report on Thursday, March 31st. They issued a buy rating for the company. Zacks Investment Research downgraded shares of NV5 Global from a buy rating to a sell rating in a research note on Wednesday, May 11th.

In other NV5 Global news, CEO Dickerson Wright sold 10,000 shares of the stock in a transaction on Wednesday, February 16th. The shares were sold at an average price of $106.68, for a total transaction of $1,066,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Donald C. Alford sold 4,000 shares of the stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $121.62, for a total transaction of $486,480.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,000 shares of company stock worth $1,918,290. 15.30% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley increased its position in NV5 Global by 1.8% during the 2nd quarter. Morgan Stanley now owns 78,038 shares of the business services provider’s stock valued at $7,376,000 after purchasing an additional 1,347 shares during the period. Millennium Management LLC purchased a new position in shares of NV5 Global in the 3rd quarter worth approximately $262,000. LPL Financial LLC grew its position in shares of NV5 Global by 9.7% in the 3rd quarter. LPL Financial LLC now owns 9,000 shares of the business services provider’s stock worth $887,000 after buying an additional 799 shares during the last quarter. Jane Street Group LLC acquired a new stake in NV5 Global in the 3rd quarter worth approximately $434,000. Finally, BNP Paribas Arbitrage SA boosted its stake in NV5 Global by 57.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,010 shares of the business services provider’s stock worth $691,000 after purchasing an additional 2,569 shares in the last quarter. Institutional investors own 65.97% of the company’s stock.

NV5 Global Company Profile (Get Rating)

NV5 Global offers professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, utility services, construction, real estate, and environmental markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.

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