NV5 Global Inc (NVEE) Expected to Announce Quarterly Sales of $96.35 Million

Analysts expect NV5 Global Inc (NASDAQ:NVEE) to report $96.35 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for NV5 Global’s earnings, with the highest sales estimate coming in at $98.70 million and the lowest estimate coming in at $94.00 million. NV5 Global reported sales of $63.02 million during the same quarter last year, which indicates a positive year-over-year growth rate of 52.9%. The business is expected to announce its next quarterly earnings results on Thursday, March 8th.

According to Zacks, analysts expect that NV5 Global will report full year sales of $96.35 million for the current year, with estimates ranging from $333.06 million to $337.70 million. For the next financial year, analysts expect that the business will report sales of $394.10 million per share, with estimates ranging from $394.00 million to $394.20 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for NV5 Global.

NV5 Global (NASDAQ:NVEE) last released its earnings results on Wednesday, November 8th. The business services provider reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.05. NV5 Global had a return on equity of 14.75% and a net margin of 5.23%. The firm had revenue of $91.26 million during the quarter, compared to analysts’ expectations of $103.15 million.

Several research firms recently commented on NVEE. BidaskClub cut NV5 Global from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Zacks Investment Research raised NV5 Global from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Saturday, January 6th. ValuEngine cut NV5 Global from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Seaport Global Securities reaffirmed a “buy” rating and set a $61.00 price objective (up from $42.00) on shares of NV5 Global in a research report on Wednesday, October 11th. Finally, Roth Capital upped their price objective on NV5 Global from $48.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $58.00.

NV5 Global (NASDAQ:NVEE) traded up $0.65 on Friday, reaching $54.10. The company had a trading volume of 43,100 shares, compared to its average volume of 42,862. NV5 Global has a 1 year low of $33.60 and a 1 year high of $58.95. The firm has a market cap of $579.73, a PE ratio of 36.55, a price-to-earnings-growth ratio of 0.96 and a beta of 1.83. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.54 and a quick ratio of 2.54.

In other news, CFO Michael P. Rama sold 1,800 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $55.20, for a total value of $99,360.00. Following the completion of the sale, the chief financial officer now directly owns 29,949 shares of the company’s stock, valued at approximately $1,653,184.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Richard Tong sold 2,200 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $54.00, for a total value of $118,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,684 shares of company stock valued at $405,970. Insiders own 26.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Sei Investments Co. lifted its holdings in shares of NV5 Global by 123.5% in the 3rd quarter. Sei Investments Co. now owns 2,937 shares of the business services provider’s stock valued at $160,000 after purchasing an additional 1,623 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of NV5 Global by 536.1% in the 3rd quarter. Victory Capital Management Inc. now owns 3,664 shares of the business services provider’s stock valued at $200,000 after purchasing an additional 3,088 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of NV5 Global by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock valued at $216,000 after purchasing an additional 126 shares during the last quarter. Simplex Trading LLC lifted its holdings in shares of NV5 Global by 1,972.5% in the 3rd quarter. Simplex Trading LLC now owns 4,000 shares of the business services provider’s stock valued at $218,000 after purchasing an additional 3,807 shares during the last quarter. Finally, Alliancebernstein L.P. purchased a new stake in shares of NV5 Global in the 2nd quarter valued at about $238,000. 56.21% of the stock is owned by institutional investors and hedge funds.

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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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