Analysts Anticipate NV5 (NVEE) to Post $0.50 Earnings Per Share

Brokerages forecast that NV5 (NASDAQ:NVEE) will announce $0.50 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for NV5’s earnings. The highest EPS estimate is $0.54 and the lowest is $0.46. NV5 reported earnings per share of $0.39 in the same quarter last year, which would suggest a positive year over year growth rate of 28.2%. The company is scheduled to announce its next earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that NV5 will report full year earnings of $3.07 per share for the current year, with EPS estimates ranging from $3.02 to $3.12. For the next year, analysts forecast that the company will report earnings of $3.59 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow NV5.

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NV5 (NASDAQ:NVEE) last issued its quarterly earnings data on Thursday, March 8th. The business services provider reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.08. NV5 had a return on equity of 15.89% and a net margin of 7.21%. The company had revenue of $93.98 million during the quarter, compared to analyst estimates of $96.35 million.

Several research analysts have recently commented on the company. BidaskClub raised NV5 from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Zacks Investment Research lowered NV5 from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $58.80.

Shares of NASDAQ NVEE opened at $56.25 on Wednesday. NV5 has a 12 month low of $35.35 and a 12 month high of $58.95. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. The stock has a market cap of $609.81, a PE ratio of 23.34, a price-to-earnings-growth ratio of 0.92 and a beta of 1.04.

In other NV5 news, Chairman Dickerson Wright sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $54.51, for a total value of $545,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Maryjo O’brien sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $55.07, for a total value of $137,675.00. Following the completion of the sale, the vice president now directly owns 69,147 shares of the company’s stock, valued at approximately $3,807,925.29. The disclosure for this sale can be found here. 26.00% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Sei Investments Co. boosted its stake in NV5 by 123.5% in the third quarter. Sei Investments Co. now owns 2,937 shares of the business services provider’s stock worth $160,000 after buying an additional 1,623 shares in the last quarter. Advisor Group Inc. boosted its stake in NV5 by 6,792.0% in the fourth quarter. Advisor Group Inc. now owns 3,446 shares of the business services provider’s stock worth $187,000 after buying an additional 3,396 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in NV5 in the fourth quarter worth approximately $215,000. Cue Financial Group Inc. purchased a new stake in NV5 in the fourth quarter worth approximately $312,000. Finally, The Manufacturers Life Insurance Company boosted its stake in NV5 by 13.4% in the second quarter. The Manufacturers Life Insurance Company now owns 6,371 shares of the business services provider’s stock worth $272,000 after buying an additional 752 shares in the last quarter. 56.21% of the stock is owned by institutional investors and hedge funds.

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About NV5

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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