Bowman Consulting Group (NASDAQ:BWMN) Releases Earnings Results, Misses Estimates By $0.07 EPS

Bowman Consulting Group (NASDAQ:BWMN) released its quarterly earnings results on Tuesday. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07), FiscalAI reports. Bowman Consulting Group had a net margin of 2.48% and a return on equity of 4.78%. The firm had revenue of $126.48 million during the quarter, compared to the consensus estimate of $114.49 million.

Bowman Consulting Group Stock Performance

Bowman Consulting Group stock traded up $1.53 on Tuesday, hitting $34.00. The company’s stock had a trading volume of 140,680 shares, compared to its average volume of 89,551. The firm has a market cap of $582.08 million, a P/E ratio of 47.89, a price-to-earnings-growth ratio of 1.91 and a beta of 1.36. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average price of $30.36 and a 200-day moving average price of $34.05. Bowman Consulting Group has a one year low of $22.30 and a one year high of $45.83.

Insider Activity at Bowman Consulting Group

In other news, CEO Gary Bowman sold 7,500 shares of the business’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $30.71, for a total value of $230,325.00. Following the sale, the chief executive officer owned 1,353,338 shares in the company, valued at approximately $41,561,009.98. The trade was a 0.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 17.42% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of Bowman Consulting Group by 244.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock valued at $66,000 after purchasing an additional 1,633 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Bowman Consulting Group by 478,000.0% in the 3rd quarter. NewEdge Advisors LLC now owns 4,781 shares of the company’s stock valued at $203,000 after purchasing an additional 4,780 shares in the last quarter. State of Wyoming acquired a new stake in shares of Bowman Consulting Group in the 4th quarter valued at $205,000. Zacks Investment Management acquired a new position in Bowman Consulting Group during the 3rd quarter worth about $207,000. Finally, Brevan Howard Capital Management LP acquired a new position in Bowman Consulting Group during the 2nd quarter worth about $217,000. Institutional investors and hedge funds own 63.20% of the company’s stock.

Wall Street Analysts Forecast Growth

BWMN has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Friday, March 27th. Zacks Research lowered shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Wall Street Zen lowered shares of Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. JPMorgan Chase & Co. assumed coverage on shares of Bowman Consulting Group in a research report on Friday, January 9th. They set a “neutral” rating and a $40.00 target price on the stock. Finally, Robert W. Baird dropped their target price on shares of Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating on the stock in a research report on Friday, March 6th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $45.50.

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is a multidisciplinary professional services firm that provides engineering, environmental, planning and surveying services to public and private sector clients. Its service offerings encompass civil, geotechnical and environmental engineering; land development planning and permitting; construction management; survey and geospatial services; and ecological and water resources consulting. The firm supports infrastructure, real estate, energy, utilities and telecommunications projects, delivering site characterization, design, permitting and construction-phase oversight.

Since its founding in 1980, Bowman Consulting Group has grown organically and through strategic acquisitions to expand its technical capabilities and geographic footprint.