NV5 Global (NVEE) Projected to Post Earnings on Thursday

NV5 Global (NASDAQ:NVEE) is projected to post its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect NV5 Global to post earnings of $0.30 per share and revenue of $243.46 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

NV5 Global Trading Down 2.4 %

Shares of NASDAQ:NVEE opened at $17.07 on Wednesday. The company’s 50-day moving average price is $18.73 and its two-hundred day moving average price is $21.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. NV5 Global has a one year low of $17.01 and a one year high of $27.77. The stock has a market capitalization of $1.11 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 2.73 and a beta of 1.23.

NV5 Global announced that its Board of Directors has approved a stock repurchase program on Monday, January 6th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the transaction, the vice president now directly owns 45,584 shares in the company, valued at $915,326.72. The trade was a 30.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on NVEE. Robert W. Baird cut their price target on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. StockNews.com raised shares of NV5 Global from a “hold” rating to a “buy” rating in a research report on Thursday, December 26th.

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.