Wall Street brokerages expect NV5 Global Inc (NASDAQ:NVEE) to post $92.05 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for NV5 Global’s earnings, with estimates ranging from $87.00 million to $97.10 million. NV5 Global posted sales of $64.06 million in the same quarter last year, which would indicate a positive year over year growth rate of 43.7%. The company is expected to report its next earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that NV5 Global will report full year sales of $92.05 million for the current year, with estimates ranging from $383.00 million to $405.50 million. For the next financial year, analysts expect that the firm will report sales of $429.90 million per share. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover NV5 Global.
NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings results on Thursday, March 8th. The business services provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.08. NV5 Global had a net margin of 7.21% and a return on equity of 15.89%. The firm had revenue of $93.98 million during the quarter, compared to analysts’ expectations of $96.35 million.
A number of brokerages have issued reports on NVEE. BidaskClub upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research upgraded shares of NV5 Global from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective on the stock in a research note on Wednesday, March 14th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $58.80.
In other news, Chairman Dickerson Wright sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $54.51, for a total value of $545,100.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Maryjo O’brien sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $55.07, for a total transaction of $137,675.00. Following the completion of the transaction, the vice president now directly owns 69,147 shares in the company, valued at $3,807,925.29. The disclosure for this sale can be found here. 26.00% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Sei Investments Co. raised its stake in NV5 Global by 123.5% during the third quarter. Sei Investments Co. now owns 2,937 shares of the business services provider’s stock worth $160,000 after purchasing an additional 1,623 shares during the period. Advisor Group Inc. raised its stake in NV5 Global by 6,792.0% during the fourth quarter. Advisor Group Inc. now owns 3,446 shares of the business services provider’s stock worth $187,000 after purchasing an additional 3,396 shares during the period. Victory Capital Management Inc. raised its stake in NV5 Global by 536.1% during the third quarter. Victory Capital Management Inc. now owns 3,664 shares of the business services provider’s stock worth $200,000 after purchasing an additional 3,088 shares during the period. MetLife Investment Advisors LLC purchased a new position in NV5 Global during the fourth quarter worth about $215,000. Finally, Wells Fargo & Company MN raised its stake in NV5 Global by 2.5% during the second quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock worth $216,000 after purchasing an additional 126 shares during the period. 56.21% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NV5 Global (NVEE) opened at $56.70 on Tuesday. NV5 Global has a 52-week low of $35.35 and a 52-week high of $58.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.33 and a current ratio of 2.33. The company has a market cap of $620.11, a P/E ratio of 25.54, a P/E/G ratio of 0.93 and a beta of 1.27.
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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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