$96.35 Million in Sales Expected for NV5 Global Inc (NVEE) This Quarter

Analysts expect NV5 Global Inc (NASDAQ:NVEE) to announce $96.35 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for NV5 Global’s earnings. The lowest sales estimate is $94.00 million and the highest is $98.70 million. NV5 Global posted sales of $63.02 million in the same quarter last year, which would indicate a positive year over year growth rate of 52.9%. The firm is scheduled to issue its next quarterly earnings results on Thursday, March 8th.

On average, analysts expect that NV5 Global will report full-year sales of $96.35 million for the current financial year, with estimates ranging from $333.06 million to $337.70 million. For the next fiscal year, analysts anticipate that the business will report sales of $394.10 million per share, with estimates ranging from $394.00 million to $394.20 million. Zacks’ sales averages are an average based on a survey of research firms that cover NV5 Global.

A number of research firms have weighed in on NVEE. Zacks Investment Research lowered NV5 Global from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. BidaskClub lowered NV5 Global from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Lake Street Capital increased their target price on NV5 Global to $66.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Finally, Roth Capital increased their target price on NV5 Global from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. NV5 Global currently has an average rating of “Hold” and a consensus target price of $58.00.

In other news, VP Richard Tong sold 2,200 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $54.00, for a total transaction of $118,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael P. Rama sold 1,800 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $55.20, for a total value of $99,360.00. Following the transaction, the chief financial officer now directly owns 29,949 shares in the company, valued at approximately $1,653,184.80. The disclosure for this sale can be found here. Company insiders own 26.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Sei Investments Co. grew its position in shares of NV5 Global by 123.5% during the 3rd quarter. Sei Investments Co. now owns 2,937 shares of the business services provider’s stock worth $160,000 after buying an additional 1,623 shares in the last quarter. Advisor Group Inc. grew its position in shares of NV5 Global by 6,792.0% during the 4th quarter. Advisor Group Inc. now owns 3,446 shares of the business services provider’s stock worth $187,000 after buying an additional 3,396 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of NV5 Global by 536.1% during the 3rd quarter. Victory Capital Management Inc. now owns 3,664 shares of the business services provider’s stock worth $200,000 after buying an additional 3,088 shares in the last quarter. Simplex Trading LLC grew its position in shares of NV5 Global by 1,972.5% during the 3rd quarter. Simplex Trading LLC now owns 4,000 shares of the business services provider’s stock worth $218,000 after buying an additional 3,807 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of NV5 Global by 2.5% during the 2nd quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock worth $216,000 after buying an additional 126 shares in the last quarter. 55.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of NV5 Global (NVEE) opened at $44.80 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.54 and a quick ratio of 2.54. NV5 Global has a 52 week low of $34.25 and a 52 week high of $58.95. The firm has a market capitalization of $465.40, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 0.81 and a beta of 1.17.

ILLEGAL ACTIVITY NOTICE: This piece was originally posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2018/02/15/96-35-million-in-sales-expected-for-nv5-global-inc-nvee-this-quarter.html.

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.

Get a free copy of the Zacks research report on NV5 Global (NVEE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for NV5 Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NV5 Global and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply