NV5 Global (NASDAQ:NVEE – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $5.05-5.11 for the period, compared to the consensus estimate of $5.02. The company issued revenue guidance of $937-942 million, compared to the consensus revenue estimate of $931.14 million.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. TheStreet cut NV5 Global from a b- rating to a c+ rating in a research note on Wednesday, February 28th. StockNews.com downgraded shares of NV5 Global from a buy rating to a hold rating in a research report on Tuesday, February 27th.
Check Out Our Latest Report on NV5 Global
NV5 Global Price Performance
NV5 Global (NASDAQ:NVEE – Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The business services provider reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.08). NV5 Global had a net margin of 5.18% and a return on equity of 9.94%. The company had revenue of $215.50 million for the quarter, compared to analyst estimates of $216.00 million. During the same quarter last year, the company posted $1.21 EPS. As a group, research analysts predict that NV5 Global will post 5.02 EPS for the current fiscal year.
Insider Activity
In other NV5 Global news, VP Donald C. Alford sold 2,459 shares of NV5 Global stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $99.53, for a total transaction of $244,744.27. Following the transaction, the vice president now directly owns 3,542 shares in the company, valued at approximately $352,535.26. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Donald C. Alford sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $100.12, for a total value of $100,120.00. Following the completion of the sale, the vice president now directly owns 2,541 shares in the company, valued at $254,404.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Donald C. Alford sold 2,459 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $99.53, for a total value of $244,744.27. Following the completion of the transaction, the vice president now directly owns 3,542 shares in the company, valued at $352,535.26. The disclosure for this sale can be found here. 12.40% of the stock is owned by company 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.
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