NV5 Global (NVEE) Set to Announce Quarterly Earnings on Thursday

NV5 Global (NASDAQ:NVEE) will post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect NV5 Global to post earnings of $0.45 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. NV5 Global had a return on equity of 9.08% and a net margin of 3.49%. The company had revenue of $236.33 million during the quarter, compared to the consensus estimate of $235.58 million. During the same period in the previous year, the firm posted $0.32 EPS. NV5 Global’s revenue was up 6.1% on a year-over-year basis. On average, analysts expect NV5 Global to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NV5 Global Price Performance

NVEE stock opened at $24.05 on Wednesday. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 47.16, a price-to-earnings-growth ratio of 1.27 and a beta of 1.17. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.31. NV5 Global has a 52-week low of $21.54 and a 52-week high of $28.75. The stock’s fifty day simple moving average is $23.02 and its 200-day simple moving average is $23.45.

Insider Buying and Selling

In other NV5 Global news, Director Tardan Francois sold 6,644 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $24.08, for a total transaction of $159,987.52. Following the completion of the sale, the director now directly owns 20,600 shares in the company, valued at $496,048. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 12.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NVEE shares. Roth Mkm reissued a “buy” rating and issued a $32.50 price target (up from $32.00) on shares of NV5 Global in a research note on Thursday, August 8th. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Saturday, October 19th.

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.