Brokerages Expect NV5 Global Inc (NVEE) Will Post Quarterly Sales of $114.72 Million

Equities research analysts expect NV5 Global Inc (NASDAQ:NVEE) to post sales of $114.72 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for NV5 Global’s earnings, with the lowest sales estimate coming in at $113.44 million and the highest estimate coming in at $116.00 million. NV5 Global posted sales of $94.53 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 21.4%. The business is expected to report its next quarterly earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that NV5 Global will report full year sales of $497.35 million for the current year, with estimates ranging from $493.00 million to $501.70 million. For the next fiscal year, analysts expect that the company will report sales of $592.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for NV5 Global.

NV5 Global (NASDAQ:NVEE) last issued its earnings results on Thursday, March 7th. The business services provider reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.07). NV5 Global had a return on equity of 14.88% and a net margin of 6.42%. The business had revenue of $115.34 million during the quarter, compared to analysts’ expectations of $116.00 million.

A number of equities research analysts have issued reports on the company. BidaskClub upgraded NV5 Global from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Zacks Investment Research downgraded NV5 Global from a “hold” rating to a “sell” rating in a research note on Wednesday, March 13th. Singular Research restated a “buy” rating on shares of NV5 Global in a research note on Wednesday, March 13th. ValuEngine downgraded NV5 Global from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. Finally, Maxim Group set a $110.00 price target on NV5 Global and gave the company a “buy” rating in a research note on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $91.57.

NV5 Global stock opened at $58.70 on Friday. The stock has a market cap of $776.41 million, a price-to-earnings ratio of 18.12, a PEG ratio of 1.13 and a beta of 1.75. 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 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.09.

In related news, VP Donald C. Alford sold 9,750 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $60.66, for a total transaction of $591,435.00. Following the completion of the transaction, the vice president now directly owns 42,886 shares in the company, valued at approximately $2,601,464.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William D. Pruitt acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average price of $60.29 per share, with a total value of $120,580.00. Following the completion of the purchase, the director now owns 8,641 shares in the company, valued at approximately $520,965.89. The disclosure for this purchase can be found here. Insiders own 25.07% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake in shares of NV5 Global by 9.0% during the 4th quarter. Geode Capital Management LLC now owns 108,680 shares of the business services provider’s stock valued at $6,580,000 after acquiring an additional 8,982 shares during the period. Millennium Management LLC bought a new position in shares of NV5 Global during the 4th quarter valued at approximately $548,000. Ashford Capital Management Inc. grew its stake in shares of NV5 Global by 40.2% during the 4th quarter. Ashford Capital Management Inc. now owns 213,295 shares of the business services provider’s stock valued at $12,915,000 after acquiring an additional 61,190 shares during the period. Metropolitan Life Insurance Co. NY grew its stake in shares of NV5 Global by 410.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,144 shares of the business services provider’s stock valued at $190,000 after acquiring an additional 2,528 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of NV5 Global during the 4th quarter valued at approximately $228,000. Institutional investors own 63.90% 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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Earnings History and Estimates for NV5 Global (NASDAQ:NVEE)

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