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.
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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