NV5 Global, Inc. to Post Q3 2024 Earnings of $1.60 Per Share, William Blair Forecasts (NASDAQ:NVEE)

NV5 Global, Inc. (NASDAQ:NVEE) – Analysts at William Blair cut their Q3 2024 earnings estimates for shares of NV5 Global in a research report issued on Thursday, August 8th. William Blair analyst T. Mulrooney now expects that the business services provider will earn $1.60 per share for the quarter, down from their previous estimate of $1.62. The consensus estimate for NV5 Global’s current full-year earnings is $5.04 per share. William Blair also issued estimates for NV5 Global’s Q4 2024 earnings at $1.55 EPS, FY2024 earnings at $5.10 EPS, Q1 2025 earnings at $0.83 EPS and Q2 2025 earnings at $1.33 EPS.

Separately, Roth Mkm reaffirmed a “buy” rating and set a $130.00 price target (up previously from $128.00) on shares of NV5 Global in a report on Thursday.

NV5 Global Stock Performance

Shares of NVEE stock opened at $95.75 on Friday. NV5 Global has a one year low of $88.26 and a one year high of $115.01. The company’s 50-day moving average is $95.05 and its 200 day moving average is $97.65. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 37.85, a price-to-earnings-growth ratio of 1.35 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.24 EPS for the quarter, beating the consensus estimate of $1.21 by $0.03. NV5 Global had a net margin of 4.39% and a return on equity of 9.31%. The company had revenue of $236.33 million for the quarter, compared to the consensus estimate of $235.58 million. During the same period in the prior year, the firm posted $1.29 EPS. NV5 Global’s revenue for the quarter was up 6.1% on a year-over-year basis.

Insider Activity

In other news, CEO Benjamin Heraud sold 1,222 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $92.53, for a total transaction of $113,071.66. Following the sale, the chief executive officer now owns 18,455 shares of the company’s stock, valued at approximately $1,707,641.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Benjamin Heraud sold 1,222 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $92.53, for a total value of $113,071.66. Following the transaction, the chief executive officer now owns 18,455 shares of the company’s stock, valued at $1,707,641.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William D. Pruitt sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $95.34, for a total transaction of $286,020.00. Following the completion of the transaction, the director now directly owns 12,500 shares in the company, valued at approximately $1,191,750. The disclosure for this sale can be found here. Insiders have sold a total of 8,123 shares of company stock valued at $763,857 in the last 90 days. 12.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NV5 Global

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of NV5 Global by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 950,477 shares of the business services provider’s stock worth $105,617,000 after buying an additional 35,291 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in NV5 Global by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 137,286 shares of the business services provider’s stock valued at $15,255,000 after purchasing an additional 5,147 shares in the last quarter. Edgestream Partners L.P. purchased a new position in NV5 Global during the first quarter valued at approximately $1,200,000. First National Bank of Omaha purchased a new position in NV5 Global during the fourth quarter valued at approximately $555,000. Finally, Victory Capital Management Inc. lifted its holdings in NV5 Global by 103.8% during the fourth quarter. Victory Capital Management Inc. now owns 12,332 shares of the business services provider’s stock valued at $1,370,000 after purchasing an additional 6,280 shares in the last quarter. Hedge funds and other institutional investors own 75.54% 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.