Equities analysts expect NV5 Global Inc (NASDAQ:NVEE) to report earnings of $0.63 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for NV5 Global’s earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.61. NV5 Global reported earnings of $0.44 per share in the same quarter last year, which would indicate a positive year over year growth rate of 43.2%. The company is expected to report its next earnings results after the market closes on Thursday, March 8th.
According to Zacks, analysts expect that NV5 Global will report full-year earnings of $2.34 per share for the current financial year, with EPS estimates ranging from $2.31 to $2.36. For the next year, analysts forecast that the company will report earnings of $2.67 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover NV5 Global.
A number of equities research analysts recently weighed in on NVEE shares. Lake Street Capital boosted their price target on shares of NV5 Global to $66.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. BidaskClub downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Zacks Investment Research upgraded shares of NV5 Global from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Saturday, November 11th. Finally, Roth Capital boosted their price objective on shares of NV5 Global from $48.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $58.00.
In related news, VP Richard Tong sold 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $54.00, for a total transaction of $118,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael P. Rama sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $55.20, for a total transaction of $99,360.00. Following the transaction, the chief financial officer now owns 29,949 shares of the company’s stock, valued at approximately $1,653,184.80. The disclosure for this sale can be found here. 26.00% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of NV5 Global by 7.9% in the fourth quarter. BlackRock Inc. now owns 499,608 shares of the business services provider’s stock valued at $27,054,000 after buying an additional 36,511 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of NV5 Global by 4.7% in the third quarter. Russell Investments Group Ltd. now owns 435,821 shares of the business services provider’s stock valued at $23,817,000 after buying an additional 19,676 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of NV5 Global by 18.3% in the third quarter. Dimensional Fund Advisors LP now owns 412,106 shares of the business services provider’s stock valued at $22,522,000 after buying an additional 63,889 shares during the period. Vanguard Group Inc. boosted its holdings in shares of NV5 Global by 7.5% in the second quarter. Vanguard Group Inc. now owns 337,429 shares of the business services provider’s stock valued at $14,341,000 after buying an additional 23,486 shares during the period. Finally, Emerald Advisers Inc. PA boosted its holdings in shares of NV5 Global by 14.1% in the third quarter. Emerald Advisers Inc. PA now owns 186,414 shares of the business services provider’s stock valued at $10,188,000 after buying an additional 22,979 shares during the period. Institutional investors own 55.06% of the company’s stock.
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NV5 Global Company Profile
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.
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