NV5 Global (NASDAQ:NVEE) Releases FY 2024 Earnings Guidance

NV5 Global (NASDAQ:NVEE) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 5.050-5.110 for the period, compared to the consensus EPS estimate of 5.020. The company issued revenue guidance of $937.0 million-$942.0 million, compared to the consensus revenue estimate of $931.1 million. NV5 Global also updated its FY24 guidance to $5.05-5.11 EPS.

Analyst Upgrades and Downgrades

NVEE has been the topic of a number of recent analyst reports. StockNews.com cut NV5 Global from a buy rating to a hold rating in a report on Tuesday, February 27th. TheStreet cut shares of NV5 Global from a b- rating to a c+ rating in a report on Wednesday, February 28th.

NV5 Global Stock Performance

Shares of NVEE stock traded up $0.17 during trading hours on Wednesday, reaching $93.98. 57,847 shares of the company’s stock were exchanged, compared to its average volume of 73,548. The business has a fifty day moving average price of $96.14 and a 200-day moving average price of $100.98. The stock has a market capitalization of $1.52 billion, a P/E ratio of 32.52, a P/E/G ratio of 1.19 and a beta of 1.09. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.26. NV5 Global has a fifty-two week low of $88.56 and a fifty-two week high of $119.56.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.08). NV5 Global had a return on equity of 9.94% and a net margin of 5.18%. The company had revenue of $215.50 million during the quarter, compared to analyst estimates of $216.00 million. During the same quarter in the prior year, the business earned $1.21 earnings per share. Analysts predict that NV5 Global will post 5.02 EPS for the current fiscal year.

Insider Buying and Selling at NV5 Global

In related news, VP Donald C. Alford sold 2,459 shares of NV5 Global stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $99.53, for a total value of $244,744.27. Following the completion of the transaction, the vice president now directly owns 3,542 shares of the company’s stock, valued at $352,535.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other NV5 Global news, VP Donald C. Alford sold 2,459 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $99.53, for a total transaction of $244,744.27. Following the transaction, the vice president now directly owns 3,542 shares in the company, valued at approximately $352,535.26. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Donald C. Alford sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $100.12, for a total transaction of $100,120.00. Following the completion of the transaction, the vice president now directly owns 2,541 shares in the company, valued at $254,404.92. The disclosure for this sale can be found here. Corporate insiders own 12.40% of the company’s stock.

NV5 Global Company Profile

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.