$100.50 Million in Sales Expected for NV5 Global, Inc. (NVEE) This Quarter
Analysts predict that NV5 Global, Inc. (NASDAQ:NVEE) will post $100.50 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for NV5 Global’s earnings, with estimates ranging from $95.20 million to $103.30 million. NV5 Global posted sales of $60.09 million in the same quarter last year, which suggests a positive year-over-year growth rate of 67.2%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, November 8th.
On average, analysts expect that NV5 Global will report full year sales of $100.50 million for the current financial year, with estimates ranging from $344.80 million to $349.80 million. For the next fiscal year, analysts forecast that the company will report sales of $395.17 million per share, with estimates ranging from $377.90 million to $404.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for NV5 Global.
NV5 Global (NASDAQ:NVEE) last released its earnings results on Thursday, August 3rd. The business services provider reported $0.56 earnings per share for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $87.73 million.
Several hedge funds have recently bought and sold shares of the company. Emerald Advisers Inc. PA grew its stake in shares of NV5 Global by 14.1% in the third quarter. Emerald Advisers Inc. PA now owns 186,414 shares of the business services provider’s stock valued at $10,188,000 after buying an additional 22,979 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of NV5 Global by 536.1% in the third quarter. Victory Capital Management Inc. now owns 3,664 shares of the business services provider’s stock valued at $200,000 after buying an additional 3,088 shares in the last quarter. Simplex Trading LLC grew its stake in shares of NV5 Global by 1,972.5% in the third quarter. Simplex Trading LLC now owns 4,000 shares of the business services provider’s stock valued at $218,000 after buying an additional 3,807 shares in the last quarter. First National Bank of Hutchinson acquired a new stake in shares of NV5 Global in the third quarter valued at about $326,000. Finally, Ashford Capital Management Inc. grew its stake in shares of NV5 Global by 2.9% in the second quarter. Ashford Capital Management Inc. now owns 180,550 shares of the business services provider’s stock valued at $7,673,000 after buying an additional 5,090 shares in the last quarter. Institutional investors and hedge funds own 55.49% of the company’s stock.
NV5 Global (NASDAQ:NVEE) opened at 57.95 on Tuesday. The stock’s 50 day moving average price is $53.66 and its 200-day moving average price is $44.21. The firm has a market capitalization of $589.41 million, a P/E ratio of 46.25 and a beta of 1.44. NV5 Global has a 12 month low of $27.30 and a 12 month high of $58.30.
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About NV5 Global
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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