NV5 Global (NASDAQ:NVEE) Updates FY24 Earnings Guidance

NV5 Global (NASDAQ:NVEE) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $5.13-$5.20 for the period, compared to the consensus earnings per share estimate of $5.06. The company issued revenue guidance of $944-$950 million, compared to the consensus revenue estimate of $939.11 million.

Analyst Ratings Changes

Separately, Roth Mkm reissued a buy rating and set a $128.00 target price (up from $121.00) on shares of NV5 Global in a research note on Thursday, May 9th.

NV5 Global Stock Down 0.8 %

Shares of NV5 Global stock traded down $0.76 on Wednesday, hitting $95.08. 95,483 shares of the company traded hands, compared to its average volume of 76,537. The company has a 50-day moving average price of $94.85 and a 200 day moving average price of $97.76. 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 12-month low of $88.26 and a 12-month high of $115.01. The company has a market cap of $1.54 billion, a PE ratio of 37.88, a PEG ratio of 1.35 and a beta of 1.22.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.66 earnings per share (EPS) 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 the consensus estimate of $208.42 million. NV5 Global had a return on equity of 9.31% and a net margin of 4.39%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 earnings per share. Sell-side analysts predict that NV5 Global will post 5.04 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Edward H. Codispoti sold 760 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $91.46, for a total value of $69,509.60. Following the completion of the sale, the chief financial officer now directly owns 16,929 shares in the company, valued at $1,548,326.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other NV5 Global news, VP Richard Tong sold 3,119 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $94.00, for a total transaction of $293,186.00. Following the completion of the transaction, the vice president now owns 16,288 shares of the company’s stock, valued at approximately $1,531,072. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Edward H. Codispoti sold 760 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $91.46, for a total transaction of $69,509.60. Following the transaction, the chief financial officer now directly owns 16,929 shares of the company’s stock, valued at approximately $1,548,326.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,123 shares of company stock worth $763,857. Corporate insiders own 12.40% of the company’s stock.

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.