NV5 Global (NASDAQ:NVEE - Get Free Report) released its earnings results on Thursday. The business services provider reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02), Zacks reports. NV5 Global had a return on equity of 9.45% and a net margin of 3.86%.
NV5 Global Stock Performance
Shares of NVEE traded up $0.40 during mid-day trading on Thursday, hitting $17.43. 781,235 shares of the company traded hands, compared to its average volume of 406,472. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 30.99, a P/E/G ratio of 2.58 and a beta of 1.23. The stock has a 50-day moving average price of $18.57 and a two-hundred day moving average price of $21.41. NV5 Global has a 1 year low of $16.77 and a 1 year high of $27.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05.
NV5 Global announced that its Board of Directors has approved a share repurchase program on Monday, January 6th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.
Insider Buying and Selling
In other news, VP Richard Tong sold 20,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.08, for a total transaction of $401,600.00. Following the transaction, the vice president now directly owns 45,584 shares of the company's stock, valued at $915,326.72. This represents a 30.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.40% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several analysts recently commented on the stock. Robert W. Baird cut their price objective on shares of NV5 Global from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th. StockNews.com lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday.
Check Out Our Latest Research Report on NV5 Global
NV5 Global Company Profile
(
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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.
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