Equities Analysts Offer Predictions for Bowman Consulting Group Ltd.’s Q1 2023 Earnings (NASDAQ:BWMN)

Bowman Consulting Group Ltd. (NASDAQ:BWMN – Get Rating) – Equities research analysts at B. Riley issued their Q1 2023 earnings per share estimates for shares of Bowman Consulting Group in a report issued on Monday, March 13th. B. Riley analyst A. Rygiel expects that the company will post earnings of $0.07 per share for the quarter. The consensus estimate for Bowman Consulting Group’s current full-year earnings is $0.77 per share. B. Riley also issued estimates for Bowman Consulting Group’s Q2 2023 earnings at $0.17 EPS, Q3 2023 earnings at $0.27 EPS, Q4 2023 earnings at $0.29 EPS, FY2023 earnings at $0.81 EPS and FY2024 earnings at $1.32 EPS.

Separately, DA Davidson lifted their target price on Bowman Consulting Group to $28.00 in a report on Wednesday, November 16th.

Bowman Consulting Group Price Performance

Shares of Bowman Consulting Group stock opened at $29.78 on Tuesday. The stock has a market cap of $396.07 million, a price-to-earnings ratio of 80.49 and a beta of 1.04. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.99 and a current ratio of 1.99. The stock has a 50 day moving average price of $25.74 and a 200-day moving average price of $20.18. Bowman Consulting Group has a one year low of $10.76 and a one year high of $30.95.

Institutional Investors Weigh In On Bowman Consulting Group

Several hedge funds have recently made changes to their positions in the company. Polar Asset Management Partners Inc. lifted its holdings in shares of Bowman Consulting Group by 0.3% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 1,318,274 shares of the company’s stock worth $19,247,000 after buying an additional 3,811 shares during the period. Pembroke Management LTD lifted its holdings in shares of Bowman Consulting Group by 1.1% in the 3rd quarter. Pembroke Management LTD now owns 754,801 shares of the company’s stock worth $11,020,000 after buying an additional 8,258 shares during the period. Wasatch Advisors Inc. lifted its holdings in shares of Bowman Consulting Group by 0.7% in the 1st quarter. Wasatch Advisors Inc. now owns 709,093 shares of the company’s stock worth $11,657,000 after buying an additional 4,895 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Bowman Consulting Group by 25.6% in the 3rd quarter. Vanguard Group Inc. now owns 444,027 shares of the company’s stock worth $6,483,000 after buying an additional 90,580 shares during the period. Finally, Kennedy Capital Management Inc. lifted its holdings in shares of Bowman Consulting Group by 3.9% in the 2nd quarter. Kennedy Capital Management Inc. now owns 265,001 shares of the company’s stock worth $3,270,000 after buying an additional 10,008 shares during the period. 38.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Bowman Consulting Group

In related news, CEO Gary Bowman sold 10,401 shares of the business’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $20.65, for a total transaction of $214,780.65. Following the completion of the transaction, the chief executive officer now owns 1,098,749 shares in the company, valued at approximately $22,689,166.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, COO Michael Bruen sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $27.18, for a total transaction of $67,950.00. Following the completion of the transaction, the chief operating officer now owns 489,783 shares in the company, valued at approximately $13,312,301.94. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary Bowman sold 10,401 shares of the company’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $20.65, for a total value of $214,780.65. Following the completion of the sale, the chief executive officer now owns 1,098,749 shares of the company’s stock, valued at $22,689,166.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,901 shares of company stock worth $841,141. 30.70% of the stock is currently owned by company insiders.

Bowman Consulting Group Company Profile

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Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.