NV5 Global (NASDAQ:NVEE) issued its earnings results on Thursday. The business services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.26), Briefing.com reports. NV5 Global had a net margin of 6.30% and a return on equity of 13.32%. The firm had revenue of $131.03 million during the quarter, compared to the consensus estimate of $139.05 million. During the same period in the previous year, the firm earned $0.82 earnings per share. The business’s quarterly revenue was up 25.8% on a year-over-year basis. NV5 Global updated its FY19 guidance to $3.18-3.42 EPS and its FY20 guidance to $3.42-3.98 EPS.
NVEE traded down $16.92 during midday trading on Friday, reaching $53.08. 1,164,600 shares of the company were exchanged, compared to its average volume of 119,430. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.66 and a current ratio of 2.66. The company’s fifty day moving average price is $70.16 and its 200 day moving average price is $72.83. The company has a market cap of $922.49 million, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 0.95 and a beta of 1.46. NV5 Global has a one year low of $51.46 and a one year high of $89.35.
In other NV5 Global news, CEO Dickerson Wright sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $73.11, for a total transaction of $1,827,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerald J. Salontai sold 1,247 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $74.59, for a total value of $93,013.73. The disclosure for this sale can be found here. Insiders have sold a total of 38,247 shares of company stock valued at $2,783,424 over the last three months. Corporate insiders own 19.62% of the company’s stock.
A number of analysts recently commented on NVEE shares. ValuEngine lowered NV5 Global from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered NV5 Global from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th. Lake Street Capital decreased their target price on NV5 Global from $98.00 to $86.00 and set a “buy” rating for the company in a research report on Friday. Roth Capital decreased their target price on NV5 Global from $96.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, BidaskClub lowered 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 four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $87.80.
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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