NV5 Global (NASDAQ:NVEE) Updates FY 2024 Earnings Guidance

NV5 Global (NASDAQ:NVEE) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.150-1.190 for the period, compared to the consensus EPS estimate of 1.290. The company issued revenue guidance of $939.0 million-$943.0 million, compared to the consensus revenue estimate of $946.0 million. NV5 Global also updated its FY24 guidance to $1.15-$1.19 EPS.

Analyst Upgrades and Downgrades

NVEE has been the subject of several analyst reports. StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Saturday, October 19th. Robert W. Baird dropped their target price on NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Roth Mkm reiterated a “buy” rating and issued a $32.50 price target (up from $32.00) on shares of NV5 Global in a report on Thursday, August 8th.

NV5 Global Trading Down 7.6 %

NVEE stock traded down $1.92 during trading on Friday, hitting $23.35. The company had a trading volume of 842,015 shares, compared to its average volume of 353,666. NV5 Global has a 52-week low of $21.54 and a 52-week high of $28.75. The company has a 50 day simple moving average of $23.07 and a 200-day simple moving average of $23.49. The firm has a market capitalization of $1.52 billion, a P/E ratio of 41.51, a PEG ratio of 1.29 and a beta of 1.17. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.31.

NV5 Global (NASDAQ:NVEE) last issued its earnings results on Wednesday, August 7th. The business services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. NV5 Global had a net margin of 3.86% and a return on equity of 9.56%. The business had revenue of $236.33 million for the quarter, compared to analyst estimates of $235.58 million. During the same period last year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, research analysts forecast that NV5 Global will post 1.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Tardan Francois sold 6,644 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $24.08, for a total transaction of $159,987.52. Following the transaction, the director now owns 20,600 shares in the company, valued at approximately $496,048. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 12.40% of the company’s stock.

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.