Zacks: Brokerages Expect NV5 Global Inc (NVEE) Will Post Earnings of $0.50 Per Share

Wall Street analysts expect that NV5 Global Inc (NASDAQ:NVEE) will report $0.50 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for NV5 Global’s earnings. The highest EPS estimate is $0.54 and the lowest is $0.46. NV5 Global reported earnings per share of $0.39 in the same quarter last year, which suggests a positive year-over-year growth rate of 28.2%. The company is scheduled to announce its next earnings results on Thursday, May 3rd.

On average, analysts expect that NV5 Global will report full year earnings of $3.07 per share for the current fiscal year, with EPS estimates ranging from $3.02 to $3.12. For the next year, analysts forecast that the firm will report earnings of $3.59 per share. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for NV5 Global.

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NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Thursday, March 8th. The business services provider reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.08. The business had revenue of $93.98 million for the quarter, compared to analyst estimates of $96.35 million. NV5 Global had a net margin of 7.21% and a return on equity of 15.89%.

A number of analysts have recently commented on NVEE shares. Zacks Investment Research raised shares of NV5 Global from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective on the stock in a research report on Wednesday, March 14th. BidaskClub raised shares of NV5 Global from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $58.80.

In other NV5 Global news, Chairman Dickerson Wright sold 10,000 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $54.51, for a total transaction of $545,100.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Maryjo O’brien sold 2,500 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $55.07, for a total transaction of $137,675.00. Following the sale, the vice president now directly owns 69,147 shares in the company, valued at $3,807,925.29. The disclosure for this sale can be found here. Corporate insiders own 26.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in NV5 Global by 18.3% during the third quarter. Dimensional Fund Advisors LP now owns 412,106 shares of the business services provider’s stock worth $22,522,000 after acquiring an additional 63,889 shares in the last quarter. Yorktown Management & Research Co Inc bought a new stake in NV5 Global during the third quarter worth $547,000. Mitchell Capital Management Co. raised its position in NV5 Global by 37.2% during the fourth quarter. Mitchell Capital Management Co. now owns 73,555 shares of the business services provider’s stock worth $3,983,000 after acquiring an additional 19,949 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in NV5 Global during the third quarter worth $1,453,000. Finally, Bank of New York Mellon Corp raised its position in NV5 Global by 65.6% during the third quarter. Bank of New York Mellon Corp now owns 50,283 shares of the business services provider’s stock worth $2,748,000 after acquiring an additional 19,927 shares in the last quarter. 56.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NVEE stock traded down $1.55 during mid-day trading on Friday, hitting $54.05. 68,102 shares of the stock were exchanged, compared to its average volume of 81,883. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.33 and a current ratio of 2.33. The company has a market capitalization of $585.96, a price-to-earnings ratio of 24.35, a PEG ratio of 0.88 and a beta of 1.27. NV5 Global has a twelve month low of $35.35 and a twelve month high of $58.95.

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NV5 Global Company Profile

NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.

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