NV5 Global (NASDAQ:NVEE) Releases Earnings Results, Misses Expectations By $0.19 EPS

NV5 Global (NASDAQ:NVEEGet Free Report) announced its earnings results on Wednesday. The business services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.19), Briefing.com reports. The firm had revenue of $213.40 million for the quarter, compared to the consensus estimate of $208.42 million. NV5 Global had a return on equity of 9.31% and a net margin of 4.39%. NV5 Global’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.88 EPS. 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 Trading Up 0.1 %

NASDAQ:NVEE opened at $96.26 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.06. NV5 Global has a one year low of $88.56 and a one year high of $119.56. The company has a market cap of $1.55 billion, a PE ratio of 38.05, a PEG ratio of 1.22 and a beta of 1.09. The firm has a 50-day moving average of $95.76 and a 200-day moving average of $100.88.

Insider Activity at NV5 Global

In other news, VP Donald C. Alford sold 2,459 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $99.53, for a total value of $244,744.27. Following the completion of the sale, the vice president now directly owns 3,542 shares of the company’s stock, valued at $352,535.26. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Donald C. Alford sold 2,459 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $99.53, for a total transaction of $244,744.27. Following the transaction, the vice president now directly owns 3,542 shares of the company’s stock, valued at $352,535.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Donald C. Alford sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $100.12, for a total transaction of $100,120.00. Following the completion of the sale, the vice president now directly owns 2,541 shares of the company’s stock, valued at $254,404.92. The disclosure for this sale can be found here. 12.40% of the stock is owned by insiders.

Analysts Set New Price Targets

NVEE has been the topic of several recent analyst reports. TheStreet lowered NV5 Global from a “b-” rating to a “c+” rating in a research note on Wednesday, February 28th. Roth Mkm restated a “buy” rating and issued a $128.00 price target (up from $121.00) on shares of NV5 Global in a report on Thursday. Finally, StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th.

Get Our Latest Stock Analysis on NVEE

About NV5 Global

(Get Free Report)

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.

See Also

Earnings History for NV5 Global (NASDAQ:NVEE)

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