NV5 Global (NASDAQ:NVEE) Releases Earnings Results, Misses Expectations By $0.26 EPS

NV5 Global (NASDAQ:NVEE) released its quarterly earnings data on Thursday. The business services provider reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.26), Briefing.com reports. NV5 Global had a return on equity of 13.32% and a net margin of 6.30%. The firm had revenue of $131.03 million during the quarter, compared to analyst estimates of $139.05 million. During the same period last year, the business earned $0.82 EPS. The firm’s revenue was up 25.8% on a year-over-year basis. NV5 Global updated its FY19 guidance to $3.18-3.42 EPS and its FY20 guidance to $3.42-3.98 EPS.

NV5 Global stock traded down $16.92 during trading hours on Friday, hitting $53.08. 1,164,600 shares of the company traded hands, compared to its average volume of 119,430. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.20. The firm has a market cap of $922.49 million, a P/E ratio of 16.38, a P/E/G ratio of 0.95 and a beta of 1.46. The firm’s 50-day simple moving average is $70.16 and its two-hundred day simple moving average is $72.83. NV5 Global has a 1-year low of $51.46 and a 1-year high of $89.35.

In other NV5 Global news, VP Richard Tong sold 2,000 shares of NV5 Global stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $72.23, for a total value of $144,460.00. Following the completion of the sale, the vice president now directly owns 32,588 shares in the company, valued at $2,353,831.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dickerson Wright sold 25,000 shares of NV5 Global stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $73.11, for a total transaction of $1,827,750.00. The disclosure for this sale can be found here. Insiders sold 38,247 shares of company stock valued at $2,783,424 over the last quarter. Corporate insiders own 19.62% of the company’s stock.

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A number of analysts recently weighed in on the stock. ValuEngine cut shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research cut shares of NV5 Global from a “hold” rating to a “sell” rating in a research note on Wednesday, September 25th. Maxim Group lowered their target price on shares of NV5 Global from $95.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday. Roth Capital lowered their target price 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, Lake Street Capital lowered their target price on shares of NV5 Global from $98.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $87.80.

NV5 Global Company Profile

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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Earnings History for NV5 Global (NASDAQ:NVEE)

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