NV5 Global (NASDAQ:NVEE) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

NV5 Global (NASDAQ:NVEE) released its earnings results on Thursday. The business services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02), Zacks reports. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The business had revenue of $246.52 million for the quarter, compared to analyst estimates of $243.46 million. NV5 Global updated its FY 2025 guidance to 1.270-1.370 EPS.

NV5 Global Stock Up 1.8 %

Shares of NVEE stock traded up $0.32 on Friday, hitting $17.75. The stock had a trading volume of 1,034,374 shares, compared to its average volume of 349,266. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 36.04, a price-to-earnings-growth ratio of 2.63 and a beta of 1.23. The business has a 50 day moving average of $18.48 and a 200 day moving average of $21.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. NV5 Global has a 12-month low of $16.77 and a 12-month high of $27.77.

Insider Activity at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the completion of the transaction, the vice president now directly owns 45,584 shares in the company, valued at approximately $915,326.72. This trade represents a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on NVEE. Maxim Group lowered their price objective on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Friday. Roth Mkm upped their price objective on shares of NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday. StockNews.com downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Robert W. Baird lowered their price objective on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.67.

NV5 Global announced that its Board of Directors has approved a stock buyback plan on Monday, January 6th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the business services provider to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

NV5 Global Company Profile

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.