Brokerages Anticipate NV5 Global Inc (NVEE) to Post $0.62 EPS

Equities research analysts expect NV5 Global Inc (NASDAQ:NVEE) to post $0.62 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for NV5 Global’s earnings, with estimates ranging from $0.60 to $0.64. NV5 Global posted earnings per share of $0.56 in the same quarter last year, which would indicate a positive year over year growth rate of 10.7%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 2nd.

On average, analysts expect that NV5 Global will report full year earnings of $2.33 per share for the current year, with EPS estimates ranging from $2.30 to $2.36. For the next financial year, analysts forecast that the company will post earnings of $2.87 per share. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for NV5 Global.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings results on Thursday, May 3rd. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.09. NV5 Global had a return on equity of 16.39% and a net margin of 7.16%. The firm had revenue of $94.53 million during the quarter, compared to the consensus estimate of $92.05 million.

Several brokerages recently issued reports on NVEE. Sidoti upgraded NV5 Global from a “neutral” rating to a “buy” rating and increased their price target for the company from $70.00 to $83.00 in a report on Friday, June 15th. BidaskClub upgraded NV5 Global from a “buy” rating to a “strong-buy” rating in a report on Friday, June 1st. Roth Capital increased their price target on NV5 Global from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, May 4th. Lake Street Capital reiterated a “buy” rating and issued a $76.00 price target on shares of NV5 Global in a report on Friday, May 4th. Finally, ValuEngine raised shares of NV5 Global from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. NV5 Global has a consensus rating of “Buy” and a consensus target price of $70.40.

In other NV5 Global news, COO Alexander A. Hockman sold 10,000 shares of the company’s stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $68.98, for a total value of $689,800.00. Following the completion of the transaction, the chief operating officer now directly owns 261,767 shares of the company’s stock, valued at approximately $18,056,687.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Richard Tong sold 1,000 shares of the company’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $66.40, for a total transaction of $66,400.00. Following the completion of the transaction, the vice president now directly owns 34,933 shares of the company’s stock, valued at $2,319,551.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,449 shares of company stock valued at $1,844,072. 25.07% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Advisor Group Inc. boosted its position in NV5 Global by 6,792.0% in the 4th quarter. Advisor Group Inc. now owns 3,446 shares of the business services provider’s stock valued at $187,000 after buying an additional 3,396 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in NV5 Global in the 4th quarter valued at about $215,000. Victory Capital Management Inc. boosted its position in NV5 Global by 56.9% in the 1st quarter. Victory Capital Management Inc. now owns 6,210 shares of the business services provider’s stock valued at $346,000 after buying an additional 2,253 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in NV5 Global by 264.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,149 shares of the business services provider’s stock valued at $441,000 after buying an additional 5,910 shares during the last quarter. Finally, Alps Advisors Inc. bought a new position in shares of NV5 Global during the first quarter worth about $490,000. 56.16% of the stock is owned by institutional investors.

Shares of NV5 Global opened at $69.40 on Friday, according to Marketbeat Ratings. NV5 Global has a 12-month low of $40.01 and a 12-month high of $71.90. The firm has a market capitalization of $761.45 million, a P/E ratio of 26.55, a P/E/G ratio of 1.11 and a beta of 1.12. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.46 and a quick ratio of 2.46.

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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