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

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Analysts expect that NV5 Global Inc (NASDAQ:NVEE) will announce sales of $114.72 million for the current quarter, Zacks reports. Two analysts have provided estimates for NV5 Global’s earnings, with estimates ranging from $113.44 million to $116.00 million. NV5 Global reported sales of $94.53 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 21.4%. The company is scheduled to report its next earnings report after the market closes on Wednesday, May 8th.

According to Zacks, analysts expect that NV5 Global will report full-year sales of $497.35 million for the current fiscal year, with estimates ranging from $493.00 million to $501.70 million. For the next year, analysts anticipate that the firm will post sales of $592.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for NV5 Global.

NV5 Global (NASDAQ:NVEE) last announced its earnings results on Thursday, March 7th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.07). NV5 Global had a net margin of 6.42% and a return on equity of 14.88%. The business had revenue of $115.34 million for the quarter, compared to analyst estimates of $116.00 million.

A number of equities analysts have issued reports on the company. BidaskClub downgraded NV5 Global from a “buy” rating to a “hold” rating in a research report on Thursday. Maxim Group reiterated a “buy” rating and set a $85.00 price target (down previously from $93.00) on shares of NV5 Global in a research report on Monday, April 15th. Zacks Investment Research upgraded NV5 Global from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Singular Research reiterated a “buy” rating on shares of NV5 Global in a research report on Wednesday, March 13th. Finally, ValuEngine downgraded NV5 Global from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $88.00.

Shares of NVEE stock traded up $1.58 during mid-day trading on Tuesday, reaching $61.43. The stock had a trading volume of 53,425 shares, compared to its average volume of 99,711. NV5 Global has a 1-year low of $51.46 and a 1-year high of $96.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.54 and a current ratio of 2.54. The firm has a market capitalization of $771.87 million, a PE ratio of 18.96, a P/E/G ratio of 1.13 and a beta of 1.70.

In other 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 value of $31,255.00. Following the transaction, the chief financial officer now owns 28,800 shares in the company, valued at $1,800,288. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William D. Pruitt bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was purchased at an average price of $60.29 per share, for a total transaction of $120,580.00. Following the transaction, the director now owns 8,641 shares of the company’s stock, valued at $520,965.89. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 50,250 shares of company stock worth $3,017,090. Company insiders own 25.07% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVEE. BlackRock Inc. lifted its position in shares of NV5 Global by 18.6% in the third quarter. BlackRock Inc. now owns 667,348 shares of the business services provider’s stock valued at $57,859,000 after acquiring an additional 104,447 shares in the last quarter. Vanguard Group Inc lifted its position in shares of NV5 Global by 20.6% in the third quarter. Vanguard Group Inc now owns 453,243 shares of the business services provider’s stock valued at $39,297,000 after acquiring an additional 77,550 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of NV5 Global by 20.6% in the third quarter. Vanguard Group Inc. now owns 453,243 shares of the business services provider’s stock valued at $39,297,000 after acquiring an additional 77,550 shares in the last quarter. Ashford Capital Management Inc. lifted its position in shares of NV5 Global by 40.2% in the fourth quarter. Ashford Capital Management Inc. now owns 213,295 shares of the business services provider’s stock valued at $12,915,000 after acquiring an additional 61,190 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its position in shares of NV5 Global by 23.1% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 301,348 shares of the business services provider’s stock valued at $18,247,000 after acquiring an additional 56,522 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

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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