Wall Street analysts expect NV5 Global, Inc. (NASDAQ:NVEE) to report $166.27 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for NV5 Global’s earnings, with estimates ranging from $161.00 million to $171.54 million. NV5 Global posted sales of $165.48 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.5%. The firm is scheduled to report its next quarterly earnings results on Thursday, May 6th.
On average, analysts expect that NV5 Global will report full-year sales of $693.02 million for the current fiscal year, with estimates ranging from $692.00 million to $694.04 million. For the next year, analysts expect that the company will report sales of $736.55 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow NV5 Global.
NV5 Global (NASDAQ:NVEE) last released its earnings results on Monday, March 1st. The business services provider reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.04. NV5 Global had a net margin of 3.17% and a return on equity of 12.13%.
Several brokerages have recently issued reports on NVEE. Zacks Investment Research cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Tuesday, March 16th. Robert W. Baird began coverage on shares of NV5 Global in a research note on Monday, March 22nd. They set an “outperform” rating and a $115.00 price objective for the company. TheStreet cut shares of NV5 Global from a “b” rating to a “c+” rating in a research note on Tuesday, March 2nd. Finally, Roth Capital boosted their price objective on shares of NV5 Global from $82.00 to $136.00 and gave the company a “buy” rating in a research note on Wednesday, January 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. NV5 Global presently has an average rating of “Buy” and a consensus price target of $89.67.
Large investors have recently bought and sold shares of the stock. Citigroup Inc. lifted its holdings in shares of NV5 Global by 243.1% during the 4th quarter. Citigroup Inc. now owns 2,230 shares of the business services provider’s stock valued at $176,000 after acquiring an additional 1,580 shares in the last quarter. Liberty One Investment Management LLC acquired a new position in NV5 Global in the 1st quarter worth $226,000. Principal Financial Group Inc. acquired a new position in NV5 Global in the 4th quarter worth $206,000. Arizona State Retirement System acquired a new position in NV5 Global in the 4th quarter worth $242,000. Finally, Navellier & Associates Inc acquired a new position in NV5 Global in the 4th quarter worth $255,000. Institutional investors and hedge funds own 60.69% of the company’s stock.
Shares of NASDAQ NVEE traded down $3.36 during trading on Friday, hitting $93.10. 177,393 shares of the company traded hands, compared to its average volume of 101,906. NV5 Global has a 1 year low of $37.56 and a 1 year high of $109.39. The company has a 50-day moving average price of $97.81 and a 200-day moving average price of $79.80. The firm has a market capitalization of $1.39 billion, a P/E ratio of 61.05, a P/E/G ratio of 1.21 and a beta of 1.18. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.80.
About NV5 Global
NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, utility services, construction, real estate, and environmental markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.
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