NV5 Global (NASDAQ:NVEE) updated its FY20 earnings guidance on Thursday. The company provided EPS guidance of $3.42-3.98 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.59. The company issued revenue guidance of $655-710 million, compared to the consensus revenue estimate of $586.43 million.NV5 Global also updated its FY19 guidance to $3.18-3.42 EPS.
Shares of NV5 Global stock traded up $1.05 on Thursday, hitting $70.00. The company’s stock had a trading volume of 192,300 shares, compared to its average volume of 114,575. NV5 Global has a 52-week low of $51.46 and a 52-week high of $96.70. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average price of $70.55 and a 200-day moving average price of $72.87. The company has a market capitalization of $929.52 million, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 0.96 and a beta of 1.46.
NV5 Global (NASDAQ:NVEE) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.94 by $0.06. NV5 Global had a net margin of 6.30% and a return on equity of 13.32%. The business had revenue of $127.97 million for the quarter, compared to analyst estimates of $127.57 million. During the same period in the previous year, the firm earned $0.91 EPS. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. As a group, analysts expect that NV5 Global will post 3.8 earnings per share for the current year.
Several equities research analysts recently commented on NVEE shares. Zacks Investment Research lowered shares of NV5 Global from a hold rating to a sell rating in a research report on Wednesday, September 25th. ValuEngine lowered shares of NV5 Global from a buy rating to a hold rating in a research report on Thursday, August 1st. Roth Capital decreased their price objective on shares of NV5 Global from $96.00 to $91.00 and set a buy rating on the stock in a research report on Thursday, August 8th. Finally, BidaskClub lowered shares of NV5 Global from a buy rating to a hold rating in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $88.25.
In related news, Director Gerald J. Salontai sold 1,247 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $74.59, for a total value of $93,013.73. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Dickerson Wright sold 25,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $73.11, for a total transaction of $1,827,750.00. The disclosure for this sale can be found here. Insiders sold a total of 38,247 shares of company stock worth $2,783,424 over the last quarter. Insiders own 19.62% of the company’s stock.
NV5 Global Company Profile
NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.
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