NV5 Global, Inc. (NVEE) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS
NV5 Global, Inc. (NASDAQ:NVEE) announced its quarterly earnings results on Wednesday. The business services provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.05, Bloomberg Earnings reports. NV5 Global had a net margin of 5.23% and a return on equity of 15.06%. The business had revenue of $91.26 million for the quarter, compared to analysts’ expectations of $103.15 million.
NV5 Global (NVEE) traded down $0.20 during trading on Friday, hitting $51.75. 59,799 shares of the company’s stock traded hands, compared to its average volume of 54,206. NV5 Global has a 1 year low of $32.35 and a 1 year high of $58.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market cap of $557.66, a PE ratio of 25.09, a P/E/G ratio of 1.20 and a beta of 1.90.
Several equities analysts recently weighed in on NVEE shares. BidaskClub cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Seaport Global Securities reaffirmed a “buy” rating and issued a $61.00 price target (up previously from $42.00) on shares of NV5 Global in a research report on Wednesday, October 11th. ValuEngine raised shares of NV5 Global from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Finally, Lake Street Capital lifted their target price on shares of NV5 Global to $66.00 and gave the stock a “buy” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $58.60.
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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