NV5 Global, Inc. (NVEE) Expected to Earn FY2019 Earnings of $3.19 Per Share
NV5 Global, Inc. (NASDAQ:NVEE) – Seaport Global Securities issued their FY2019 earnings per share (EPS) estimates for NV5 Global in a note issued to investors on Wednesday. Seaport Global Securities analyst M. Shlisky expects that the business services provider will post earnings of $3.19 per share for the year. Seaport Global Securities has a “Buy” rating and a $61.00 price objective on the stock.
Other analysts have also recently issued research reports about the company. ValuEngine raised NV5 Global from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Zacks Investment Research raised NV5 Global from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Saturday, September 9th. BidaskClub cut NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Sidoti started coverage on NV5 Global in a research report on Wednesday, July 5th. They set a “neutral” rating and a $45.00 target price on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $51.75.
NV5 Global (NASDAQ NVEE) traded up 1.21% during midday trading on Thursday, hitting $54.40. The company had a trading volume of 46,318 shares. The company has a market capitalization of $553.30 million, a P/E ratio of 43.42 and a beta of 1.44. NV5 Global has a 52 week low of $24.57 and a 52 week high of $56.70. The stock has a 50 day moving average price of $50.76 and a 200 day moving average price of $42.51.
NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.01. NV5 Global had a return on equity of 12.79% and a net margin of 4.90%. The company had revenue of $83.74 million for the quarter, compared to analyst estimates of $87.73 million.
Institutional investors have recently bought and sold shares of the company. American International Group Inc. boosted its position in shares of NV5 Global by 7.1% in the 1st quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock worth $170,000 after purchasing an additional 301 shares in the last quarter. Bank of America Corp DE boosted its position in shares of NV5 Global by 129.0% in the 1st quarter. Bank of America Corp DE now owns 4,590 shares of the business services provider’s stock worth $173,000 after purchasing an additional 2,586 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of NV5 Global by 4.7% in the 1st quarter. Nationwide Fund Advisors now owns 5,199 shares of the business services provider’s stock worth $195,000 after purchasing an additional 232 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in shares of NV5 Global in the 1st quarter worth $203,000. Finally, Thompson Siegel & Walmsley LLC boosted its position in shares of NV5 Global by 512.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 4,900 shares of the business services provider’s stock worth $208,000 after purchasing an additional 4,100 shares in the last quarter. 55.54% of the stock is owned by hedge funds and other institutional investors.
NV5 Global Company Profile
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.
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