Q3 2018 EPS Estimates for NV5 Global Inc Cut by Seaport Global Securities (NVEE)

NV5 Global Inc (NASDAQ:NVEE) – Investment analysts at Seaport Global Securities dropped their Q3 2018 earnings per share estimates for NV5 Global in a research report issued to clients and investors on Monday, August 6th, according to Zacks Investment Research. Seaport Global Securities analyst M. Shlisky now forecasts that the business services provider will earn $0.91 per share for the quarter, down from their prior forecast of $0.92. Seaport Global Securities has a “Buy” rating and a $95.00 price objective on the stock. Seaport Global Securities also issued estimates for NV5 Global’s Q4 2018 earnings at $0.81 EPS, FY2018 earnings at $3.22 EPS, Q1 2019 earnings at $0.70 EPS, Q2 2019 earnings at $0.94 EPS, Q3 2019 earnings at $1.11 EPS, Q4 2019 earnings at $1.01 EPS and FY2019 earnings at $3.76 EPS.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.10. NV5 Global had a net margin of 7.64% and a return on equity of 17.69%. The company had revenue of $104.02 million during the quarter, compared to the consensus estimate of $101.45 million.

Other equities research analysts also recently issued research reports about the stock. Roth Capital increased their target price on shares of NV5 Global from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, May 4th. Lake Street Capital reiterated a “buy” rating and set a $76.00 target price on shares of NV5 Global in a research note on Friday, May 4th. Sidoti upgraded shares of NV5 Global from a “neutral” rating to a “buy” rating and increased their target price for the stock from $70.00 to $83.00 in a research note on Friday, June 15th. Zacks Investment Research upgraded shares of NV5 Global from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Thursday, August 9th. Finally, ValuEngine upgraded shares of NV5 Global from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 8th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $95.00.

Shares of NVEE traded down $0.85 during mid-day trading on Wednesday, hitting $88.45. 100,500 shares of the company’s stock were exchanged, compared to its average volume of 77,175. NV5 Global has a fifty-two week low of $40.01 and a fifty-two week high of $91.55. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 37.18, a price-to-earnings-growth ratio of 1.40 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.48 and a current ratio of 2.48.

In related news, COO Alexander A. Hockman sold 10,000 shares of the stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $82.73, for a total transaction of $827,300.00. Following the completion of the transaction, the chief operating officer now directly owns 255,183 shares of the company’s stock, valued at $21,111,289.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dickerson Wright sold 190,500 shares of the stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $79.00, for a total transaction of $15,049,500.00. The disclosure for this sale can be found here. Insiders have sold 220,500 shares of company stock valued at $17,257,400 over the last three months. 26.00% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Advisory Services Network LLC increased its holdings in NV5 Global by 2,003.7% in the second quarter. Advisory Services Network LLC now owns 2,251 shares of the business services provider’s stock valued at $170,000 after buying an additional 2,144 shares in the last quarter. Alta Capital Management LLC purchased a new position in NV5 Global in the second quarter valued at about $203,000. MetLife Investment Advisors LLC purchased a new position in NV5 Global in the fourth quarter valued at about $215,000. Voya Investment Management LLC purchased a new position in NV5 Global in the second quarter valued at about $230,000. Finally, Victory Capital Management Inc. increased its holdings in NV5 Global by 56.9% in the first quarter. Victory Capital Management Inc. now owns 6,210 shares of the business services provider’s stock valued at $346,000 after buying an additional 2,253 shares in the last quarter. 53.11% of the stock is owned by institutional investors.

About NV5 Global

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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