Brokers Set Expectations for NV5 Global FY2024 Earnings

NV5 Global, Inc. (NASDAQ:NVEE) – Investment analysts at William Blair cut their FY2024 EPS estimates for shares of NV5 Global in a research report issued on Wednesday, October 16th. William Blair analyst T. Mulrooney now anticipates that the business services provider will earn $1.26 per share for the year, down from their prior estimate of $1.28. The consensus estimate for NV5 Global’s current full-year earnings is $1.28 per share.

Several other equities research analysts have also recently weighed in on the company. Roth Mkm reiterated a “buy” rating and set a $130.00 price target (up from $128.00) on shares of NV5 Global in a research report on Thursday, August 8th. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Saturday.

NV5 Global Stock Performance

Shares of NVEE opened at $23.52 on Monday. NV5 Global has a 52-week low of $21.76 and a 52-week high of $28.75. The stock’s 50-day simple moving average is $84.54 and its 200 day simple moving average is $91.04. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a market capitalization of $379.75 million, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 1.29 and a beta of 1.17.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Wednesday, August 7th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.03. NV5 Global had a return on equity of 9.08% and a net margin of 3.49%. The firm had revenue of $236.33 million for the quarter, compared to the consensus estimate of $235.58 million. During the same quarter in the prior year, the business posted $1.29 earnings per share. The business’s quarterly revenue was up 6.1% on a year-over-year basis.

Institutional Trading of NV5 Global

Several institutional investors and hedge funds have recently made changes to their positions in NVEE. Swedbank AB purchased a new position in NV5 Global in the first quarter worth $19,602,000. American Century Companies Inc. boosted its holdings in shares of NV5 Global by 16.6% in the 2nd quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock worth $42,461,000 after purchasing an additional 65,186 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of NV5 Global by 1,671.2% during the 2nd quarter. Squarepoint Ops LLC now owns 60,149 shares of the business services provider’s stock valued at $5,592,000 after purchasing an additional 56,753 shares during the last quarter. Tributary Capital Management LLC raised its holdings in shares of NV5 Global by 38.4% during the 1st quarter. Tributary Capital Management LLC now owns 172,941 shares of the business services provider’s stock valued at $16,950,000 after buying an additional 47,945 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in NV5 Global by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider’s stock worth $54,195,000 after buying an additional 39,350 shares during the last quarter. Hedge funds and other institutional investors own 75.54% of the company’s stock.

Insiders Place Their Bets

In other news, Director Tardan Francois sold 1,661 shares of NV5 Global stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $96.32, for a total transaction of $159,987.52. Following the completion of the sale, the director now owns 5,150 shares in the company, valued at approximately $496,048. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 12.40% of the company’s stock.

About NV5 Global

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.