NV5 Global, Inc. (NVEE) Expected to Announce Quarterly Sales of $99.10 Million

Brokerages predict that NV5 Global, Inc. (NASDAQ:NVEE) will post $99.10 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for NV5 Global’s earnings, with the highest sales estimate coming in at $103.00 million and the lowest estimate coming in at $95.20 million. NV5 Global reported sales of $60.09 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 64.9%. The business is expected to announce its next quarterly earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that NV5 Global will report full-year sales of $99.10 million for the current year. For the next fiscal year, analysts expect that the business will post sales of $390.95 million per share, with estimates ranging from $377.90 million to $404.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow NV5 Global.

NV5 Global (NASDAQ:NVEE) last announced its earnings results on Thursday, August 3rd. The business services provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $83.74 million during the quarter, compared to the consensus estimate of $87.73 million. NV5 Global had a return on equity of 12.79% and a net margin of 4.90%.

NVEE has been the subject of a number of research analyst reports. ValuEngine raised shares of NV5 Global from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Zacks Investment Research raised shares of NV5 Global from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Saturday, September 9th. BidaskClub lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Sidoti initiated coverage on shares of NV5 Global in a research report on Wednesday, July 5th. They set a “neutral” rating and a $45.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $48.67.

Shares of NV5 Global (NASDAQ:NVEE) opened at 51.70 on Friday. NV5 Global has a 52 week low of $24.57 and a 52 week high of $53.65. The stock’s 50 day moving average price is $45.44 and its 200 day moving average price is $40.48. The firm has a market capitalization of $525.84 million, a P/E ratio of 41.26 and a beta of 1.42.

Institutional investors have recently added to or reduced their stakes in the business. American International Group Inc. lifted its position in NV5 Global by 7.1% during the 1st quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock worth $170,000 after acquiring an additional 301 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of NV5 Global by 129.0% during the 1st quarter. Bank of America Corp DE now owns 4,590 shares of the business services provider’s stock worth $173,000 after purchasing an additional 2,586 shares during the period. Nationwide Fund Advisors increased its holdings in shares of NV5 Global by 4.7% during the 1st quarter. Nationwide Fund Advisors now owns 5,199 shares of the business services provider’s stock worth $195,000 after purchasing an additional 232 shares during the period. State Board of Administration of Florida Retirement System bought a new position in shares of NV5 Global during the 1st quarter worth about $203,000. Finally, Thompson Siegel & Walmsley LLC increased its holdings in shares of NV5 Global by 512.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 4,900 shares of the business services provider’s stock worth $208,000 after purchasing an additional 4,100 shares during the period. 55.53% of the stock is owned by hedge funds and other institutional investors.

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About NV5 Global

NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.

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Earnings History and Estimates for NV5 Global (NASDAQ:NVEE)

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