Equities research analysts expect that NV5 Global, Inc. (NASDAQ:NVEE) will announce earnings of $0.70 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for NV5 Global’s earnings. NV5 Global posted earnings of $0.41 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 70.7%. The firm is scheduled to report its next earnings report on Thursday, November 2nd.
On average, analysts expect that NV5 Global will report full-year earnings of $2.26 per share for the current year. For the next year, analysts anticipate that the firm will post earnings of $2.63 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow NV5 Global.
NV5 Global (NASDAQ:NVEE) last issued its earnings results on Thursday, August 3rd. The business services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. NV5 Global had a return on equity of 12.79% and a net margin of 4.90%. The business had revenue of $83.74 million for the quarter, compared to analyst estimates of $87.73 million.
Several analysts have issued reports on the company. Zacks Investment Research cut NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. ValuEngine upgraded NV5 Global from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. BidaskClub cut NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Sidoti assumed coverage on NV5 Global in a research note on Wednesday, July 5th. They set a “neutral” rating and a $45.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. NV5 Global presently has an average rating of “Hold” and an average price target of $48.67.
Shares of NV5 Global (NVEE) traded down 0.36% during midday trading on Tuesday, hitting $54.75. The stock had a trading volume of 3,846 shares. The stock has a 50 day moving average of $50.05 and a 200-day moving average of $42.31. NV5 Global has a one year low of $24.57 and a one year high of $56.70. The company has a market cap of $556.86 million, a P/E ratio of 43.70 and a beta of 1.44.
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Institutional investors have recently made changes to their positions in the company. American International Group Inc. raised its position in shares of 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 purchasing an additional 301 shares during the period. Bank of America Corp DE grew its holdings in NV5 Global by 129.0% in the 1st quarter. Bank of America Corp DE now owns 4,590 shares of the business services provider’s stock worth $173,000 after buying an additional 2,586 shares in the last quarter. Nationwide Fund Advisors grew its holdings in NV5 Global by 4.7% in the 1st quarter. Nationwide Fund Advisors now owns 5,199 shares of the business services provider’s stock worth $195,000 after buying an additional 232 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in NV5 Global in the 1st quarter worth approximately $203,000. Finally, Thompson Siegel & Walmsley LLC grew its holdings in NV5 Global by 512.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 4,900 shares of the business services provider’s stock worth $208,000 after buying an additional 4,100 shares in the last quarter. Institutional investors and hedge funds own 55.54% of the company’s stock.
NV5 Global Company Profile
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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