NV5 Global (NVEE) Projected to Post Earnings on Thursday

NV5 Global (NASDAQ:NVEE) is projected to post its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect NV5 Global to post earnings of $0.30 per share and revenue of $243.46 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

NV5 Global Stock Down 2.4 %

Shares of NVEE opened at $17.07 on Wednesday. NV5 Global has a 52 week low of $17.01 and a 52 week high of $27.77. The firm has a market cap of $1.11 billion, a P/E ratio of 30.35, a price-to-earnings-growth ratio of 2.73 and a beta of 1.23. The firm’s 50-day simple moving average is $18.73 and its 200 day simple moving average is $21.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05.

NV5 Global declared that its Board of Directors has approved a share buyback plan on Monday, January 6th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other NV5 Global news, VP Richard Tong sold 20,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the transaction, the vice president now owns 45,584 shares in the company, valued at $915,326.72. This represents a 30.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 12.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Robert W. Baird decreased their price target on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. StockNews.com upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a research report on Thursday, December 26th.

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.