NV5 Global (NASDAQ:NVEE) released its quarterly earnings data on Thursday. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.02), Fidelity Earnings reports. NV5 Global had a net margin of 7.74% and a return on equity of 17.97%. The business had revenue of $104.19 million during the quarter, compared to analyst estimates of $104.50 million. During the same period in the previous year, the firm posted $0.75 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis.
NV5 Global stock opened at $86.21 on Friday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 1.37 and a beta of 1.46. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.48 and a quick ratio of 2.48. NV5 Global has a fifty-two week low of $40.01 and a fifty-two week high of $96.70.
Several equities research analysts recently issued reports on NVEE shares. Seaport Global Securities reaffirmed a “buy” rating and issued a $95.00 price objective on shares of NV5 Global in a research note on Monday, August 6th. ValuEngine lowered shares of NV5 Global from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 4th. Maxim Group set a $110.00 price objective on shares of NV5 Global and gave the company a “buy” rating in a research note on Monday, November 5th. Lake Street Capital lifted their price objective on shares of NV5 Global to $98.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. Finally, BidaskClub raised shares of NV5 Global from a “hold” rating to a “buy” rating in a research note on Wednesday, October 10th. Eight equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of $97.50.
In other NV5 Global news, COO Alexander A. Hockman sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $82.73, for a total transaction of $827,300.00. Following the completion of the transaction, the chief operating officer now owns 255,183 shares of the company’s stock, valued at approximately $21,111,289.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dickerson Wright sold 1,145 shares of the business’s stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $83.50, for a total transaction of $95,607.50. The disclosure for this sale can be found here. 26.00% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in NV5 Global by 18.6% during the 3rd quarter. BlackRock Inc. now owns 667,348 shares of the business services provider’s stock worth $57,859,000 after acquiring an additional 104,447 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in NV5 Global by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 507,591 shares of the business services provider’s stock worth $35,176,000 after acquiring an additional 23,833 shares during the last quarter. Wells Fargo & Company MN lifted its position in NV5 Global by 1.4% during the 3rd quarter. Wells Fargo & Company MN now owns 457,789 shares of the business services provider’s stock worth $39,691,000 after acquiring an additional 6,100 shares during the last quarter. Emerald Advisers Inc. PA increased its holdings in shares of NV5 Global by 16.5% during the 2nd quarter. Emerald Advisers Inc. PA now owns 283,460 shares of the business services provider’s stock worth $19,644,000 after purchasing an additional 40,140 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its holdings in shares of NV5 Global by 13.2% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 244,826 shares of the business services provider’s stock worth $21,226,000 after purchasing an additional 28,500 shares during the period. 52.82% of the stock is owned by hedge funds and other institutional investors.
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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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