NV5 Global (NVEE) Issues FY 2019 Earnings Guidance

NV5 Global (NASDAQ:NVEE) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $3.51-3.93 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.88. The company issued revenue guidance of $485-520 million, compared to the consensus revenue estimate of $522.75 million.

Several equities research analysts have recently commented on the company. BidaskClub upgraded NV5 Global from a sell rating to a hold rating in a report on Wednesday, January 9th. Zacks Investment Research downgraded NV5 Global from a buy rating to a hold rating in a report on Wednesday, January 16th. ValuEngine downgraded NV5 Global from a hold rating to a sell rating in a report on Friday, December 21st. Bank of America assumed coverage on NV5 Global in a report on Tuesday, November 13th. They set a hold rating and a $95.00 price objective for the company. Finally, Maxim Group set a $110.00 price objective on NV5 Global and gave the company a buy rating in a report on Monday, November 26th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. NV5 Global presently has an average rating of Buy and a consensus target price of $92.57.

Shares of NASDAQ NVEE traded up $0.66 during midday trading on Thursday, hitting $77.01. 89,442 shares of the stock traded hands, compared to its average volume of 63,954. The company has a market cap of $954.32 million, a price-to-earnings ratio of 32.36, a P/E/G ratio of 1.07 and a beta of 1.64. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.06. NV5 Global has a one year low of $46.10 and a one year high of $96.70.

In related news, VP Donald C. Alford sold 7,000 shares of NV5 Global stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $64.59, for a total transaction of $452,130.00. Following the transaction, the vice president now owns 47,016 shares of the company’s stock, valued at $3,036,763.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 25.07% of the stock is owned by insiders.

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About NV5 Global

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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