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

NV5 Global (NASDAQ:NVEE) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.150-1.190 for the period, compared to the consensus earnings per share 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

Several equities research analysts have weighed in on the company. Robert W. Baird lowered their price target on NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Friday. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Saturday, October 19th. Finally, Roth Mkm restated a “buy” rating and set a $32.50 price target (up previously from $32.00) on shares of NV5 Global in a research note on Thursday, August 8th.

NV5 Global Stock Performance

NVEE traded down $1.92 on Friday, reaching $23.35. 842,015 shares of the stock were exchanged, compared to its average volume of 353,666. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.29 and a quick ratio of 2.29. The company’s 50-day moving average price is $23.07 and its 200 day moving average price is $23.49. The firm has a market capitalization of $1.52 billion, a PE ratio of 41.51, a PEG ratio of 1.29 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 posted its quarterly 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 analyst estimates of $235.58 million. NV5 Global had a net margin of 3.86% and a return on equity of 9.56%. NV5 Global’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $0.32 EPS. As a group, sell-side analysts forecast that NV5 Global will post 1.19 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Tardan Francois sold 6,644 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $24.08, for a total value of $159,987.52. Following the completion of the transaction, the director now owns 20,600 shares of the company’s stock, valued at $496,048. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 12.40% of the stock is currently owned by corporate 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.