NV5 Global Inc (NASDAQ:NVEE) Expected to Announce Quarterly Sales of $132.51 Million

Analysts expect NV5 Global Inc (NASDAQ:NVEE) to post sales of $132.51 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for NV5 Global’s earnings, with the highest sales estimate coming in at $140.00 million and the lowest estimate coming in at $125.02 million. NV5 Global posted sales of $104.19 million during the same quarter last year, which suggests a positive year over year growth rate of 27.2%. The company is expected to announce its next earnings results on Wednesday, November 6th.

On average, analysts expect that NV5 Global will report full-year sales of $513.51 million for the current year, with estimates ranging from $501.70 million to $525.31 million. For the next fiscal year, analysts expect that the firm will post sales of $583.00 million, with estimates ranging from $574.00 million to $592.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow NV5 Global.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.06. 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 6.30% and a return on equity of 13.32%. NV5 Global’s revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS.



NVEE has been the topic of several recent research reports. Zacks Investment Research cut shares of NV5 Global from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Tuesday. Maxim Group reissued a “buy” rating and issued a $85.00 price objective on shares of NV5 Global in a research note on Wednesday, June 5th. Roth Capital dropped their price objective on shares of NV5 Global from $96.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, ValuEngine lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $88.25.

In other NV5 Global news, VP Maryjo O’brien sold 3,500 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $79.01, for a total transaction of $276,535.00. Following the sale, the vice president now directly owns 69,147 shares in the company, valued at approximately $5,463,304.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael P. Rama sold 1,000 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $82.52, for a total transaction of $82,520.00. Following the sale, the vice president now owns 27,300 shares in the company, valued at $2,252,796. The disclosure for this sale can be found here. Insiders have sold a total of 27,964 shares of company stock worth $2,261,680 over the last 90 days. Insiders own 19.62% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC purchased a new stake in shares of NV5 Global during the 2nd quarter worth $32,000. Tower Research Capital LLC TRC purchased a new stake in shares of NV5 Global in the 2nd quarter worth about $44,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of NV5 Global by 43.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 603 shares of the business services provider’s stock worth $36,000 after buying an additional 183 shares in the last quarter. Bank of Montreal Can boosted its position in shares of NV5 Global by 1,050.6% in the 2nd quarter. Bank of Montreal Can now owns 932 shares of the business services provider’s stock worth $76,000 after buying an additional 851 shares in the last quarter. Finally, Advisor Group Inc. boosted its position in shares of NV5 Global by 49.2% in the 2nd quarter. Advisor Group Inc. now owns 980 shares of the business services provider’s stock worth $79,000 after buying an additional 323 shares in the last quarter. Institutional investors own 61.72% of the company’s stock.

NVEE traded up $1.62 during trading on Friday, hitting $62.68. The stock had a trading volume of 95,300 shares, compared to its average volume of 117,702. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a market capitalization of $859.79 million, a P/E ratio of 19.35, a PEG ratio of 0.89 and a beta of 1.30. The company’s 50-day moving average price is $78.30 and its 200 day moving average price is $72.54. NV5 Global has a twelve month low of $51.46 and a twelve month high of $96.70.

About NV5 Global

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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