NV5 Global (NASDAQ:NVEE) Releases FY24 Earnings Guidance

NV5 Global (NASDAQ:NVEE) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.15-$1.19 for the period, compared to the consensus earnings per share estimate of $1.29. The company issued revenue guidance of $939-$943 million, compared to the consensus revenue estimate of $946.27 million. NV5 Global also updated its FY 2024 guidance to 1.150-1.190 EPS.

Analyst Ratings Changes

A number of brokerages recently weighed in on NVEE. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Saturday, October 19th. Roth Mkm reissued a “buy” rating and issued a $32.50 target price (up from $32.00) on shares of NV5 Global in a report on Thursday, August 8th.

NV5 Global Stock Performance

Shares of NV5 Global stock traded down $0.15 during trading on Thursday, reaching $25.27. The company’s stock had a trading volume of 612,074 shares, compared to its average volume of 328,761. The company has a 50-day moving average price of $23.05 and a two-hundred day moving average price of $23.47. NV5 Global has a fifty-two week low of $21.54 and a fifty-two week high of $28.75. The firm has a market cap of $1.65 billion, a PE ratio of 50.09, a P/E/G ratio of 1.28 and a beta of 1.17. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.31.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. NV5 Global had a net margin of 3.49% and a return on equity of 9.08%. The company had revenue of $236.33 million for the quarter, compared to analyst estimates of $235.58 million. During the same period in the previous year, the business posted $0.32 earnings per share. NV5 Global’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts forecast that NV5 Global will post 1.27 EPS for the current year.

Insider Activity at NV5 Global

In other NV5 Global news, Director Tardan Francois sold 6,644 shares of NV5 Global 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 transaction, the director now directly owns 20,600 shares in the company, valued at approximately $496,048. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.40% of the stock is currently owned by insiders.

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.