FY2024 EPS Estimates for NV5 Global Reduced by William Blair

NV5 Global, Inc. (NASDAQ:NVEE - Free Report) - Research analysts at William Blair cut their FY2024 earnings per share (EPS) estimates for shares of NV5 Global in a research report issued to clients and investors on Wednesday, October 16th. William Blair analyst T. Mulrooney now forecasts that the business services provider will post earnings of $1.26 per share for the year, down from their prior estimate of $1.28. The consensus estimate for NV5 Global's current full-year earnings is $1.28 per share.

Other equities research analysts also recently issued research reports about the company. Roth Mkm reissued a "buy" rating and set a $130.00 target price (up previously from $128.00) on shares of NV5 Global in a report on Thursday, August 8th. StockNews.com lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Saturday.

NV5 Global Stock Performance

Shares of NASDAQ NVEE traded down $0.10 during trading hours on Monday, reaching $23.42. 163,563 shares of the stock were exchanged, compared to its average volume of 322,854. The stock's fifty day simple moving average is $83.13 and its 200 day simple moving average is $90.53. The firm has a market capitalization of $378.14 million, a price-to-earnings ratio of 9.26, a P/E/G ratio of 1.29 and a beta of 1.17. NV5 Global has a 52 week low of $21.76 and a 52 week high of $28.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.29 and a current ratio of 2.29.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.24 EPS for the quarter, beating the consensus estimate of $1.21 by $0.03. The firm had revenue of $236.33 million for the quarter, compared to the consensus estimate of $235.58 million. NV5 Global had a net margin of 3.49% and a return on equity of 9.08%. The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 earnings per share.

Institutional Trading of NV5 Global

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in NV5 Global by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 950,477 shares of the business services provider's stock worth $105,617,000 after purchasing an additional 35,291 shares during the last quarter. Swedbank AB boosted its stake in NV5 Global by 37.5% in the second quarter. Swedbank AB now owns 275,000 shares of the business services provider's stock valued at $25,567,000 after buying an additional 75,000 shares in the last quarter. SG Americas Securities LLC grew its position in NV5 Global by 439.1% in the second quarter. SG Americas Securities LLC now owns 12,539 shares of the business services provider's stock valued at $1,166,000 after acquiring an additional 10,213 shares during the last quarter. Tributary Capital Management LLC raised its stake in NV5 Global by 10.8% during the second quarter. Tributary Capital Management LLC now owns 191,566 shares of the business services provider's stock worth $17,810,000 after acquiring an additional 18,625 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of NV5 Global in the first quarter worth about $1,200,000. Institutional investors and hedge funds own 75.54% of the company's stock.

Insiders Place Their Bets

In other news, Director Tardan Francois sold 1,661 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $96.32, for a total transaction of $159,987.52. Following the sale, the director now directly owns 5,150 shares of the company's stock, valued at approximately $496,048. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.