NV5 Global (NVEE) Set to Announce Quarterly Earnings on Thursday

NV5 Global (NASDAQ:NVEE) is set to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect NV5 Global to post earnings of $0.45 per share for the quarter. NV5 Global has set its FY24 guidance at $5.13-$5.20 EPS and its FY 2024 guidance at 5.130-5.200 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Wednesday, August 7th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $236.33 million during the quarter, compared to analyst estimates of $235.58 million. NV5 Global had a return on equity of 9.08% and a net margin of 3.49%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 EPS. On average, analysts expect NV5 Global to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NV5 Global Trading Up 2.6 %

Shares of NASDAQ:NVEE traded up $0.61 during mid-day trading on Tuesday, reaching $23.90. The stock had a trading volume of 84,547 shares, compared to its average volume of 325,150. The firm has a 50 day simple moving average of $23.02 and a two-hundred day simple moving average of $23.44. The firm has a market cap of $1.56 billion, a PE ratio of 45.67, a price-to-earnings-growth ratio of 1.27 and a beta of 1.17. NV5 Global has a twelve month low of $21.54 and a twelve month high of $28.75. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.31.

Insider Buying and Selling at NV5 Global

In other news, Director Tardan Francois sold 6,644 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were 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 of the company’s stock, valued at $496,048. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Roth Mkm restated a “buy” rating and issued a $32.50 price target (up from $32.00) on shares of NV5 Global in a report on Thursday, August 8th. StockNews.com cut NV5 Global from a “buy” rating to a “hold” rating in a research note on Saturday, October 19th.

About NV5 Global

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.