NV5 Global Inc (NVEE) Expected to Announce Earnings of $0.63 Per Share

Equities research analysts expect NV5 Global Inc (NASDAQ:NVEE) to post $0.63 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for NV5 Global’s earnings, with estimates ranging from $0.61 to $0.65. NV5 Global posted earnings per share of $0.44 in the same quarter last year, which would indicate a positive year over year growth rate of 43.2%. The business is scheduled to issue its next quarterly earnings report on Thursday, March 8th.

On average, analysts expect that NV5 Global will report full year earnings of $2.34 per share for the current year, with EPS estimates ranging from $2.31 to $2.36. For the next financial year, analysts forecast that the company will post earnings of $2.67 per share. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for NV5 Global.

A number of equities analysts have issued reports on NVEE shares. Zacks Investment Research cut shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. BidaskClub raised shares of NV5 Global from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Lake Street Capital raised their target price on shares of NV5 Global to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, Roth Capital raised their target price on shares of NV5 Global from $48.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $58.00.

NV5 Global (NASDAQ:NVEE) opened at $40.65 on Tuesday. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.41. NV5 Global has a twelve month low of $34.25 and a twelve month high of $58.95. The stock has a market cap of $438.43, a PE ratio of 27.47, a price-to-earnings-growth ratio of 0.79 and a beta of 1.57.

In other news, Director Tardan Francois sold 3,684 shares of NV5 Global stock in a transaction that occurred on 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 owns 4,465 shares of the company’s stock, valued at $227,625.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Richard Tong sold 2,200 shares of NV5 Global stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $54.00, for a total value of $118,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,684 shares of company stock worth $405,970. Corporate insiders own 26.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of NV5 Global by 7.9% during the fourth quarter. BlackRock Inc. now owns 499,608 shares of the business services provider’s stock valued at $27,054,000 after buying an additional 36,511 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of NV5 Global by 4.7% during the third quarter. Russell Investments Group Ltd. now owns 435,821 shares of the business services provider’s stock valued at $23,817,000 after buying an additional 19,676 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of NV5 Global by 18.3% during the third quarter. Dimensional Fund Advisors LP now owns 412,106 shares of the business services provider’s stock valued at $22,522,000 after buying an additional 63,889 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of NV5 Global by 7.5% during the second quarter. Vanguard Group Inc. now owns 337,429 shares of the business services provider’s stock valued at $14,341,000 after buying an additional 23,486 shares during the last quarter. Finally, Emerald Advisers Inc. PA raised its holdings in shares of NV5 Global by 14.1% during 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 during the last quarter. 55.06% of the stock is currently owned by institutional investors.

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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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