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

NV5 Global (NASDAQ:NVEE) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 5.050-5.110 for the period, compared to the consensus EPS estimate of 5.020. The company issued revenue guidance of $937.0 million-$942.0 million, compared to the consensus revenue estimate of $931.1 million. NV5 Global also updated its FY24 guidance to $5.05-5.11 EPS.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. StockNews.com lowered shares of NV5 Global from a buy rating to a hold rating in a research note on Tuesday, February 27th. TheStreet lowered NV5 Global from a b- rating to a c+ rating in a research report on Wednesday, February 28th.

NV5 Global Stock Up 0.2 %

NASDAQ:NVEE traded up $0.17 during midday trading on Wednesday, hitting $93.98. 57,847 shares of the company were exchanged, compared to its average volume of 73,548. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.26. NV5 Global has a fifty-two week low of $88.56 and a fifty-two week high of $119.56. The company has a market capitalization of $1.52 billion, a PE ratio of 32.52, a price-to-earnings-growth ratio of 1.19 and a beta of 1.09. The company has a fifty day simple moving average of $96.14 and a 200 day simple moving average of $100.98.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $1.14 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $216.00 million. During the same period in the prior year, the company earned $1.21 earnings per share. As a group, equities analysts anticipate that NV5 Global will post 5.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP Donald C. Alford sold 1,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $100.12, for a total value of $100,120.00. Following the sale, the vice president now directly owns 2,541 shares of the company’s stock, valued at approximately $254,404.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, VP Donald C. Alford sold 2,459 shares of the stock in a transaction dated 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 directly owns 3,542 shares in the company, valued at $352,535.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Donald C. Alford sold 1,000 shares of the stock in a transaction dated 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 $254,404.92. The disclosure for this sale can be found here. Insiders own 12.40% of the company’s stock.

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.