NV5 Global (NVEE) to Release Earnings on Thursday

NV5 Global (NASDAQ:NVEE) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. NV5 Global has set its FY24 guidance at $5.13-$5.20 EPS and its FY 2024 guidance at 5.130-5.200 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

NV5 Global (NASDAQ:NVEE) last announced its earnings results on Wednesday, August 7th. The business services provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. NV5 Global had a return on equity of 9.08% and a net margin of 3.49%. The business had revenue of $236.33 million for the quarter, compared to analysts’ expectations of $235.58 million. During the same period in the prior year, the business posted $0.32 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. On average, analysts expect NV5 Global to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NV5 Global Trading Up 2.6 %

Shares of NV5 Global stock traded up $0.61 on Tuesday, hitting $23.90. 84,547 shares of the company’s stock traded hands, compared to its average volume of 325,150. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 45.67, a price-to-earnings-growth ratio of 1.27 and a beta of 1.17. The company has a fifty day moving average of $23.02 and a two-hundred day moving average of $23.44. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.29 and a quick ratio of 2.29. NV5 Global has a one year low of $21.54 and a one year high of $28.75.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Saturday, October 19th. Roth Mkm reiterated a “buy” rating and set a $32.50 target price (up previously from $32.00) on shares of NV5 Global in a research report on Thursday, August 8th.

Insiders Place Their Bets

In related news, Director Tardan Francois sold 6,644 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $24.08, for a total value of $159,987.52. Following the completion of the sale, the director now owns 20,600 shares in the company, valued at $496,048. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 12.40% of the company’s stock.

About NV5 Global

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.