NV5 Global (NASDAQ:NVEE) Releases FY 2024 Earnings Guidance

NV5 Global (NASDAQ:NVEE) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.150-1.190 for the period, compared to the consensus EPS estimate of 1.290. The company issued revenue guidance of $939.0 million-$943.0 million, compared to the consensus revenue estimate of $946.0 million. NV5 Global also updated its FY24 guidance to $1.15-$1.19 EPS.

Analyst Upgrades and Downgrades

NVEE has been the topic of a number of recent research reports. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a research report on Saturday, October 19th. Roth Mkm reissued a “buy” rating and set a $32.50 price objective (up previously from $32.00) on shares of NV5 Global in a report on Thursday, August 8th.

NV5 Global Price Performance

Shares of NASDAQ:NVEE traded down $0.15 during midday trading on Thursday, reaching $25.27. 612,116 shares of the company’s stock were exchanged, compared to its average volume of 328,761. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.29 and a current ratio of 2.29. The company’s 50 day simple moving average is $23.05 and its two-hundred day simple moving average is $23.47. NV5 Global has a 12 month low of $21.54 and a 12 month high of $28.75. The firm has a market capitalization of $1.65 billion, a PE ratio of 49.79, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. NV5 Global had a net margin of 3.49% and a return on equity of 9.08%. The firm had revenue of $236.33 million during the quarter, compared to analysts’ expectations of $235.58 million. During the same quarter last year, the company earned $0.32 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities research analysts expect that NV5 Global will post 1.27 earnings per share for the current fiscal year.

Insider Activity at NV5 Global

In other NV5 Global news, Director Tardan Francois sold 6,644 shares of the stock in a transaction on 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.40% of the stock is owned by insiders.

NV5 Global Company Profile

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.