Research Analysts Offer Predictions for NV5 Global, Inc.’s Q2 2024 Earnings (NASDAQ:NVEE)

NV5 Global, Inc. (NASDAQ:NVEE) – Equities research analysts at Roth Capital lowered their Q2 2024 earnings per share (EPS) estimates for shares of NV5 Global in a research note issued to investors on Thursday, May 9th. Roth Capital analyst J. Martin now anticipates that the business services provider will post earnings per share of $1.10 for the quarter, down from their prior forecast of $1.32. The consensus estimate for NV5 Global’s current full-year earnings is $5.02 per share. Roth Capital also issued estimates for NV5 Global’s Q1 2025 earnings at $0.83 EPS, Q2 2025 earnings at $1.25 EPS, Q3 2025 earnings at $1.91 EPS, Q4 2025 earnings at $1.46 EPS and FY2025 earnings at $5.47 EPS.

NVEE has been the topic of a number of other research reports. Roth Mkm reiterated a “buy” rating and issued a $128.00 price objective (up previously from $121.00) on shares of NV5 Global in a report on Thursday. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Finally, TheStreet downgraded NV5 Global from a “b-” rating to a “c+” rating in a report on Wednesday, February 28th.

NV5 Global Trading Up 2.3 %

NVEE opened at $96.13 on Friday. NV5 Global has a one year low of $88.56 and a one year high of $119.56. The company has a market cap of $1.55 billion, a P/E ratio of 33.26, a PEG ratio of 1.19 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.06 and a current ratio of 2.06. The business’s 50-day simple moving average is $95.88 and its 200-day simple moving average is $100.90.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.19). The company had revenue of $213.40 million during the quarter, compared to analyst estimates of $208.42 million. NV5 Global had a net margin of 5.18% and a return on equity of 9.94%. NV5 Global’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.88 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NVEE. Illinois Municipal Retirement Fund grew its stake in shares of NV5 Global by 1.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 7,428 shares of the business services provider’s stock valued at $728,000 after purchasing an additional 137 shares during the last quarter. Tandem Investment Advisors Inc. grew its stake in shares of NV5 Global by 4.1% in the 4th quarter. Tandem Investment Advisors Inc. now owns 3,539 shares of the business services provider’s stock valued at $393,000 after purchasing an additional 139 shares during the last quarter. Texas Permanent School Fund Corp grew its stake in shares of NV5 Global by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 11,130 shares of the business services provider’s stock valued at $1,091,000 after purchasing an additional 145 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of NV5 Global by 1.0% in the 1st quarter. Conestoga Capital Advisors LLC now owns 15,798 shares of the business services provider’s stock valued at $1,548,000 after purchasing an additional 155 shares during the last quarter. Finally, Renaissance Group LLC boosted its stake in shares of NV5 Global by 1.3% in the third quarter. Renaissance Group LLC now owns 13,548 shares of the business services provider’s stock valued at $1,304,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 75.54% of the company’s stock.

Insider Buying and Selling

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

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.