NV5 Global (NASDAQ:NVEE) Releases Earnings Results, Beats Expectations By $0.06 EPS

NV5 Global (NASDAQ:NVEE) announced its quarterly earnings results on Wednesday. The business services provider reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.06, Bloomberg Earnings reports. The company had revenue of $127.97 million for the quarter, compared to analysts’ expectations of $127.57 million. NV5 Global had a net margin of 6.38% and a return on equity of 14.09%. NV5 Global’s revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. NV5 Global updated its FY 2019 guidance to $3.81-4.08 EPS and its FY19 guidance to $3.81 to $4.08 EPS.

NASDAQ NVEE traded up $0.22 on Wednesday, hitting $75.96. The stock had a trading volume of 148,900 shares, compared to its average volume of 112,423. NV5 Global has a 52-week low of $51.46 and a 52-week high of $96.70. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $951.29 million, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 0.99 and a beta of 1.30. The business has a 50-day moving average of $80.71.

In other news, COO Alexander A. Hockman sold 6,464 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $79.30, for a total transaction of $512,595.20. Following the sale, the chief operating officer now owns 204,716 shares in the company, valued at approximately $16,233,978.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Dickerson Wright sold 15,000 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $73.52, for a total transaction of $1,102,800.00. The disclosure for this sale can be found here. Insiders sold a total of 53,464 shares of company stock worth $4,128,365 over the last quarter. Corporate insiders own 19.62% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Emerald Mutual Fund Advisers Trust grew its holdings in shares of NV5 Global by 0.8% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 303,646 shares of the business services provider’s stock valued at $18,024,000 after purchasing an additional 2,298 shares during the last quarter. Summit Creek Advisors LLC grew its holdings in shares of NV5 Global by 0.3% during the 2nd quarter. Summit Creek Advisors LLC now owns 266,758 shares of the business services provider’s stock valued at $21,714,000 after purchasing an additional 760 shares during the last quarter. Wasatch Advisors Inc. grew its holdings in shares of NV5 Global by 19.1% during the 2nd quarter. Wasatch Advisors Inc. now owns 215,540 shares of the business services provider’s stock valued at $17,545,000 after purchasing an additional 34,543 shares during the last quarter. Kennedy Capital Management Inc. grew its holdings in shares of NV5 Global by 20.3% during the 1st quarter. Kennedy Capital Management Inc. now owns 119,542 shares of the business services provider’s stock valued at $7,096,000 after purchasing an additional 20,184 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in shares of NV5 Global by 50.0% during the 1st quarter. Eagle Asset Management Inc. now owns 109,975 shares of the business services provider’s stock valued at $6,528,000 after purchasing an additional 36,638 shares during the last quarter. Hedge funds and other institutional investors own 62.34% of the company’s stock.

A number of analysts recently commented on the stock. ValuEngine cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Maxim Group restated a “buy” rating and set a $85.00 price target on shares of NV5 Global in a research note on Wednesday, June 5th. Zacks Investment Research cut shares of NV5 Global from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. BidaskClub cut shares of NV5 Global from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Finally, Roth Capital upped their price target on shares of NV5 Global from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $89.50.

NV5 Global Company Profile

NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.

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Earnings History for NV5 Global (NASDAQ:NVEE)

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