NV5 Global Inc (NVEE) Expected to Post Quarterly Sales of $114.72 Million

Share on StockTwits

Brokerages forecast that NV5 Global Inc (NASDAQ:NVEE) will post sales of $114.72 million for the current quarter, Zacks reports. Two analysts have provided estimates for NV5 Global’s earnings, with the highest sales estimate coming in at $116.00 million and the lowest estimate coming in at $113.44 million. NV5 Global reported sales of $94.53 million in the same quarter last year, which indicates a positive year over year growth rate of 21.4%. The business is scheduled to issue its next quarterly earnings report on Wednesday, May 8th.

On average, analysts expect that NV5 Global will report full year sales of $497.35 million for the current year, with estimates ranging from $493.00 million to $501.70 million. For the next financial year, analysts expect that the company will post sales of $592.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for NV5 Global.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08. NV5 Global had a return on equity of 14.88% and a net margin of 6.42%.

NVEE has been the topic of a number of recent analyst reports. Roth Capital dropped their price objective on NV5 Global from $97.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, March 8th. ValuEngine upgraded NV5 Global from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. BidaskClub downgraded NV5 Global from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Zacks Investment Research downgraded NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Finally, Singular Research reiterated a “buy” rating on shares of NV5 Global in a report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $88.00.

NVEE opened at $66.06 on Thursday. NV5 Global has a one year low of $51.46 and a one year high of $96.70. The stock has a market capitalization of $801.20 million, a PE ratio of 20.39, a price-to-earnings-growth ratio of 0.89 and a beta of 1.68. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.09.

In related news, CFO Michael P. Rama sold 500 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $62.51, for a total transaction of $31,255.00. Following the transaction, the chief financial officer now owns 28,800 shares in the company, valued at approximately $1,800,288. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Donald C. Alford sold 9,750 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $60.66, for a total value of $591,435.00. Following the transaction, the vice president now owns 42,886 shares in the company, valued at approximately $2,601,464.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,250 shares of company stock worth $3,017,090. Company insiders own 19.62% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Summit Creek Advisors LLC grew its stake in NV5 Global by 9.6% during the 4th quarter. Summit Creek Advisors LLC now owns 224,938 shares of the business services provider’s stock worth $13,620,000 after buying an additional 19,753 shares during the last quarter. Concorde Asset Management LLC grew its stake in NV5 Global by 41.7% during the 4th quarter. Concorde Asset Management LLC now owns 7,810 shares of the business services provider’s stock worth $473,000 after buying an additional 2,297 shares during the last quarter. Bank of New York Mellon Corp grew its stake in NV5 Global by 5.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 31,805 shares of the business services provider’s stock worth $2,757,000 after buying an additional 1,710 shares during the last quarter. BlackRock Inc. grew its stake in NV5 Global by 0.8% during the 4th quarter. BlackRock Inc. now owns 672,508 shares of the business services provider’s stock worth $40,721,000 after buying an additional 5,160 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in NV5 Global by 38.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,410 shares of the business services provider’s stock worth $692,000 after buying an additional 3,188 shares during the last quarter. Hedge funds and other institutional investors own 62.29% of the company’s stock.

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.

Read More: What is a Buy-Side Analyst?

Get a free copy of the Zacks research report on NV5 Global (NVEE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for NV5 Global (NASDAQ:NVEE)

Receive News & Ratings for NV5 Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NV5 Global and related companies with MarketBeat.com's FREE daily email newsletter.