NV5 Global (NASDAQ:NVEE) Releases Earnings Results, Beats Expectations By $0.03 EPS

NV5 Global (NASDAQ:NVEE) posted its quarterly earnings data on Wednesday. The business services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.03, Briefing.com reports. The business had revenue of $236.33 million during the quarter, compared to analyst estimates of $235.58 million. NV5 Global had a net margin of 4.39% and a return on equity of 9.31%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.29 earnings per share. NV5 Global updated its FY24 guidance to $5.13-$5.20 EPS and its FY 2024 guidance to 5.130-5.200 EPS.

NV5 Global Trading Down 1.8 %

Shares of NVEE traded down $1.77 during mid-day trading on Friday, reaching $95.75. The company had a trading volume of 101,601 shares, compared to its average volume of 77,081. NV5 Global has a fifty-two week low of $88.26 and a fifty-two week high of $115.01. The firm has a fifty day simple moving average of $95.05 and a 200-day simple moving average of $97.65. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 37.85, a price-to-earnings-growth ratio of 1.35 and a beta of 1.22. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30.

Analyst Upgrades and Downgrades

Separately, Roth Mkm restated a “buy” rating and set a $130.00 price objective (up previously from $128.00) on shares of NV5 Global in a report on Thursday.

Insider Transactions at NV5 Global

In other news, VP Richard Tong sold 3,119 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $94.00, for a total value of $293,186.00. Following the transaction, the vice president now directly owns 16,288 shares in the company, valued at approximately $1,531,072. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Richard Tong sold 3,119 shares of the company’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 sale, the vice president now directly owns 16,288 shares of the company’s stock, valued at approximately $1,531,072. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Benjamin Heraud sold 1,222 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 18,455 shares of the company’s stock, valued at $1,707,641.15. The disclosure for this sale can be found here. Insiders sold a total of 8,123 shares of company stock worth $763,857 in the last ninety days. Insiders own 12.40% of the company’s stock.

About NV5 Global

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.