NV5 Global (NVEE) Set to Announce Earnings on Wednesday

NV5 Global (NASDAQ:NVEE) is set to post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect NV5 Global to post earnings of $0.85 per share for the quarter. NV5 Global has set its FY 2024 guidance at 5.000-5.060 EPS.Investors that wish to register for the company’s conference call can do so using this link.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Thursday, February 22nd. The business services provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.08). NV5 Global had a return on equity of 9.94% and a net margin of 5.18%. The company had revenue of $215.50 million during the quarter, compared to the consensus estimate of $216.00 million. During the same period in the previous year, the company earned $1.21 earnings per share. On average, analysts expect NV5 Global to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

NV5 Global Stock Up 0.7 %

NVEE stock opened at $93.79 on Monday. NV5 Global has a fifty-two week low of $88.56 and a fifty-two week high of $119.56. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 1.19 and a beta of 1.09. The business’s 50 day moving average price is $96.46 and its two-hundred day moving average price is $101.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.06 and a current ratio of 2.06.

Insider Activity

In related news, VP Donald C. Alford sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $100.12, for a total transaction of $100,120.00. Following the completion of the transaction, the vice president now owns 2,541 shares of the company’s stock, valued at approximately $254,404.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Donald C. Alford sold 1,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $100.12, for a total value of $100,120.00. Following the sale, the vice president now directly owns 2,541 shares of the company’s stock, valued at $254,404.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Donald C. Alford sold 2,459 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $99.53, for a total value of $244,744.27. Following the transaction, the vice president now owns 3,542 shares of the company’s stock, valued at $352,535.26. The disclosure for this sale can be found here. Company insiders own 12.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. StockNews.com cut NV5 Global from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. TheStreet downgraded shares of NV5 Global from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th.

About NV5 Global

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.