NV5 Global (NASDAQ:NVEE) Issues Quarterly Earnings Results

NV5 Global (NASDAQ:NVEE) posted its quarterly earnings results on Wednesday. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.19), Briefing.com reports. The business had revenue of $213.40 million for the quarter, compared to analysts’ expectations of $208.42 million. NV5 Global had a net margin of 5.18% and a return on equity of 9.94%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 earnings per share. NV5 Global updated its FY24 guidance to $5.05-5.11 EPS and its FY 2024 guidance to 5.050-5.110 EPS.

NV5 Global Stock Performance

NVEE traded up $1.50 during trading on Thursday, hitting $95.48. The company’s stock had a trading volume of 63,656 shares, compared to its average volume of 73,415. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.26. NV5 Global has a one year low of $88.56 and a one year high of $119.56. The firm has a market cap of $1.54 billion, a PE ratio of 32.87, a P/E/G ratio of 1.19 and a beta of 1.09. The business’s 50 day simple moving average is $95.99 and its 200-day simple moving average is $100.93.

Analyst Ratings Changes

A number of research firms recently issued reports on NVEE. Roth Mkm reissued a “buy” rating and issued a $128.00 price target (up from $121.00) on shares of NV5 Global in a research note on Thursday. TheStreet downgraded shares of NV5 Global from a “b-” rating to a “c+” rating in a research note on Wednesday, February 28th. Finally, StockNews.com downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th.

Insiders Place Their Bets

In other NV5 Global news, VP Donald C. Alford sold 1,000 shares of NV5 Global stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $100.12, for a total value of $100,120.00. Following the sale, the vice president now directly owns 2,541 shares in the company, valued at approximately $254,404.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other NV5 Global news, VP Donald C. Alford sold 1,000 shares of NV5 Global stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $100.12, for a total value of $100,120.00. Following the completion of the transaction, the vice president now directly owns 2,541 shares of the company’s stock, valued at approximately $254,404.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Donald C. Alford sold 2,459 shares of NV5 Global stock in a transaction on Friday, March 8th. The stock was sold at an average price of $99.53, for a total transaction of $244,744.27. Following the completion of the transaction, the vice president now directly owns 3,542 shares of the company’s stock, valued at $352,535.26. The disclosure for this sale can be found here. 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.