NV5 Global (NASDAQ:NVEE) Announces Quarterly Earnings Results

NV5 Global (NASDAQ:NVEE) issued its quarterly earnings results on Wednesday. The business services provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.19), Briefing.com reports. The business had revenue of $213.40 million during the quarter, compared to analyst estimates of $208.42 million. NV5 Global had a return on equity of 9.94% and a net margin of 5.18%. NV5 Global’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 EPS. NV5 Global updated its FY24 guidance to $5.05-5.11 EPS and its FY 2024 guidance to 5.050-5.110 EPS.

NV5 Global Price Performance

NVEE traded up $1.50 during midday trading on Thursday, reaching $95.48. 63,656 shares of the company’s stock were exchanged, compared to its average volume of 73,415. The stock has a market capitalization of $1.54 billion, a PE ratio of 32.87, a P/E/G ratio of 1.19 and a beta of 1.09. The business’s 50-day moving average price is $95.99 and its 200 day moving average price is $100.93. NV5 Global has a 1-year low of $88.56 and a 1-year high of $119.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.06 and a quick ratio of 2.06.

Insiders Place Their Bets

In related news, VP Donald C. Alford sold 2,459 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $99.53, for a total transaction of $244,744.27. Following the completion of the sale, the vice president now owns 3,542 shares of the company’s stock, valued at approximately $352,535.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other NV5 Global news, VP Donald C. Alford sold 2,459 shares of NV5 Global stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $99.53, for a total transaction of $244,744.27. Following the sale, the vice president now directly owns 3,542 shares in the company, valued at approximately $352,535.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Donald C. Alford sold 1,000 shares of NV5 Global stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $100.12, for a total value of $100,120.00. Following the completion of the transaction, the vice president now owns 2,541 shares of the company’s stock, valued at $254,404.92. The disclosure for this sale can be found here. 12.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NVEE has been the subject of several recent research reports. TheStreet lowered shares of NV5 Global from a “b-” rating to a “c+” rating in a report on Wednesday, February 28th. Roth Mkm reissued a “buy” rating and set a $128.00 price target (up previously from $121.00) on shares of NV5 Global in a research report on Thursday. Finally, StockNews.com cut NV5 Global from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th.

NV5 Global Company Profile

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.