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 (EPS) guidance of $1.15-$1.19 for the period, compared to the consensus 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 Upgrades and Downgrades

Several research analysts have issued reports on the company. Roth Mkm reiterated a “buy” rating and issued a $32.50 price objective (up previously from $32.00) on shares of NV5 Global in a research report on Thursday, August 8th. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Saturday, October 19th.

NV5 Global Price Performance

NVEE stock traded down $0.15 during midday trading on Thursday, hitting $25.27. 612,074 shares of the stock were exchanged, compared to its average volume of 328,761. The stock’s 50-day moving average price is $23.05 and its 200-day moving average price is $23.47. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 50.09, a PEG ratio of 1.28 and a beta of 1.17. NV5 Global has a fifty-two week low of $21.54 and a fifty-two week high of $28.75.

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

Insider Transactions at NV5 Global

In other news, Director Tardan Francois sold 6,644 shares of NV5 Global stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $24.08, for a total transaction of $159,987.52. Following the completion of the sale, the director now directly owns 20,600 shares in the company, valued at $496,048. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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.