NV5 Global (NVEE) Scheduled to Post Quarterly Earnings on Wednesday

NV5 Global (NASDAQ:NVEE) is set to post its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect NV5 Global to post earnings of $1.24 per share for the quarter. NV5 Global has set its FY24 guidance at $5.05-5.11 EPS and its FY 2024 guidance at 5.050-5.110 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.19). The business had revenue of $213.40 million during the quarter, compared to analyst estimates of $208.42 million. NV5 Global had a net margin of 4.39% and a return on equity of 9.31%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 EPS. On average, analysts expect NV5 Global to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

NV5 Global Trading Down 3.9 %

NASDAQ NVEE opened at $95.11 on Tuesday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global has a 52 week low of $88.26 and a 52 week high of $115.01. The stock has a market capitalization of $1.54 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 1.35 and a beta of 1.22. The firm has a 50 day moving average of $94.84 and a two-hundred day moving average of $97.91.

Insiders Place Their Bets

In other news, CEO Benjamin Heraud sold 1,222 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $92.53, for a total value of $113,071.66. Following the completion of the transaction, the chief executive officer now owns 18,455 shares in the company, valued at approximately $1,707,641.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director William D. Pruitt sold 3,000 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $95.34, for a total value of $286,020.00. Following the sale, the director now directly owns 12,500 shares of the company’s stock, valued at approximately $1,191,750. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Benjamin Heraud sold 1,222 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $92.53, for a total transaction of $113,071.66. Following the completion of the sale, the chief executive officer now directly owns 18,455 shares in the company, valued at $1,707,641.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,123 shares of company stock worth $763,857. 12.40% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Roth Mkm restated a “buy” rating and issued a $128.00 target price (up previously from $121.00) on shares of NV5 Global in a report on Thursday, May 9th.

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.