Brokerages expect NV5 Global Inc (NASDAQ:NVEE) to announce earnings per share (EPS) of $0.94 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for NV5 Global’s earnings. NV5 Global posted earnings per share of $0.69 in the same quarter last year, which would suggest a positive year-over-year growth rate of 36.2%. The company is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, August 7th.
According to Zacks, analysts expect that NV5 Global will report full-year earnings of $3.82 per share for the current financial year. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow NV5 Global.
NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.08. NV5 Global had a net margin of 6.38% and a return on equity of 14.09%. The business had revenue of $117.34 million for the quarter, compared to the consensus estimate of $114.72 million.
A number of equities analysts have recently weighed in on NVEE shares. Maxim Group reaffirmed a “buy” rating and issued a $85.00 price target on shares of NV5 Global in a research note on Wednesday, June 5th. Roth Capital upped their price target on shares of NV5 Global from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. Finally, BidaskClub raised shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $91.83.
Shares of NASDAQ NVEE traded up $0.92 during mid-day trading on Monday, reaching $81.47. The company had a trading volume of 112,088 shares, compared to its average volume of 82,681. NV5 Global has a twelve month low of $51.46 and a twelve month high of $96.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.51 and a quick ratio of 2.51. The firm has a market capitalization of $1.01 billion, a PE ratio of 25.15, a PEG ratio of 1.05 and a beta of 1.31. The stock has a 50 day simple moving average of $80.32.
In other NV5 Global news, VP Michael P. Rama sold 1,000 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $82.52, for a total transaction of $82,520.00. Following the transaction, the vice president now directly owns 27,300 shares of the company’s stock, valued at $2,252,796. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Donald C. Alford sold 10,000 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $72.70, for a total transaction of $727,000.00. Following the transaction, the vice president now directly owns 32,688 shares in the company, valued at $2,376,417.60. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock worth $3,458,290 over the last three months. Company insiders own 19.62% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Summit Creek Advisors LLC lifted its stake in NV5 Global by 0.3% during the second quarter. Summit Creek Advisors LLC now owns 266,758 shares of the business services provider’s stock worth $21,714,000 after purchasing an additional 760 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of NV5 Global by 2.1% during the second quarter. Commonwealth Equity Services LLC now owns 9,183 shares of the business services provider’s stock worth $747,000 after buying an additional 191 shares in the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of NV5 Global during the second quarter worth approximately $218,000. Taylor Frigon Capital Management LLC increased its holdings in shares of NV5 Global by 64.2% during the second quarter. Taylor Frigon Capital Management LLC now owns 29,974 shares of the business services provider’s stock worth $2,439,000 after buying an additional 11,720 shares in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of NV5 Global during the second quarter worth approximately $225,000. 62.13% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Story: Options Trading
Get a free copy of the Zacks research report on NV5 Global (NVEE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NV5 Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NV5 Global and related companies with MarketBeat.com's FREE daily email newsletter.