Zacks: Analysts Anticipate NV5 Global Inc (NVEE) Will Post Quarterly Sales of $96.35 Million
Wall Street brokerages expect NV5 Global Inc (NASDAQ:NVEE) to report sales of $96.35 million for the current quarter, Zacks reports. Two analysts have made estimates for NV5 Global’s earnings, with the highest sales estimate coming in at $98.70 million and the lowest estimate coming in at $94.00 million. NV5 Global reported sales of $63.02 million in the same quarter last year, which indicates a positive year over year growth rate of 52.9%. The company is scheduled to announce its next earnings results on Thursday, March 8th.
According to Zacks, analysts expect that NV5 Global will report full-year sales of $96.35 million for the current fiscal year, with estimates ranging from $333.06 million to $337.70 million. For the next fiscal year, analysts expect that the company will report sales of $394.10 million per share, with estimates ranging from $394.00 million to $394.20 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow NV5 Global.
NV5 Global (NASDAQ:NVEE) last posted its earnings results on Wednesday, November 8th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The company had revenue of $91.26 million during the quarter, compared to the consensus estimate of $103.15 million. NV5 Global had a net margin of 5.23% and a return on equity of 14.75%.
Shares of NV5 Global (NASDAQ:NVEE) traded up $0.55 during trading on Friday, hitting $53.75. 71,396 shares of the company’s stock were exchanged, compared to its average volume of 50,338. The firm has a market capitalization of $573.79, a P/E ratio of 24.86, a P/E/G ratio of 1.14 and a beta of 1.38. NV5 Global has a 1-year low of $33.10 and a 1-year high of $58.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.54 and a current ratio of 2.54.
In other news, CFO Michael P. Rama sold 1,800 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $55.20, for a total transaction of $99,360.00. Following the completion of the sale, the chief financial officer now owns 29,949 shares of the company’s stock, valued at $1,653,184.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tardan Francois sold 3,684 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $50.98, for a total transaction of $187,810.32. Following the sale, the director now directly owns 4,465 shares of the company’s stock, valued at approximately $227,625.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,684 shares of company stock valued at $405,970. Insiders own 26.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in NVEE. Vanguard Group Inc. increased its stake in shares of NV5 Global by 5.4% during the first quarter. Vanguard Group Inc. now owns 313,943 shares of the business services provider’s stock worth $11,804,000 after purchasing an additional 16,034 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of NV5 Global by 10.2% during the first quarter. Geode Capital Management LLC now owns 62,550 shares of the business services provider’s stock worth $2,351,000 after purchasing an additional 5,793 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of NV5 Global by 21.5% during the first quarter. Dimensional Fund Advisors LP now owns 275,929 shares of the business services provider’s stock worth $10,375,000 after purchasing an additional 48,902 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of NV5 Global during the first quarter worth about $530,000. Finally, Bank of America Corp DE increased its stake in shares of NV5 Global by 129.0% during the first 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. 56.21% of the stock is owned by institutional investors and hedge funds.
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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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