NV5 Global, Inc. (NASDAQ:NVEE - Free Report) - William Blair boosted their Q4 2024 earnings per share (EPS) estimates for NV5 Global in a report released on Wednesday, October 16th. William Blair analyst T. Mulrooney now anticipates that the business services provider will earn $0.39 per share for the quarter, up from their previous forecast of $0.39. The consensus estimate for NV5 Global's current full-year earnings is $5.12 per share. William Blair also issued estimates for NV5 Global's Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.42 EPS and Q4 2025 earnings at $0.42 EPS.
NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.03. The company had revenue of $236.33 million during the quarter, compared to the consensus estimate of $235.58 million. NV5 Global had a return on equity of 9.08% and a net margin of 3.49%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 earnings per share.
NVEE has been the subject of a number of other reports. StockNews.com upgraded NV5 Global from a "hold" rating to a "buy" rating in a research note on Friday, October 11th. Roth Mkm reaffirmed a "buy" rating and issued a $130.00 price objective (up from $128.00) on shares of NV5 Global in a research report on Thursday, August 8th.
Read Our Latest Stock Analysis on NVEE
NVEE stock opened at $23.57 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average price of $85.98 and a two-hundred day moving average price of $91.60. The company has a market cap of $380.56 million, a price-to-earnings ratio of 9.32, a P/E/G ratio of 1.28 and a beta of 1.17. NV5 Global has a twelve month low of $21.76 and a twelve month high of $28.75.
Several hedge funds have recently added to or reduced their stakes in NVEE. Vanguard Group Inc. increased its stake in NV5 Global by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 950,477 shares of the business services provider's stock worth $105,617,000 after acquiring an additional 35,291 shares during the period. Swedbank AB lifted its holdings in NV5 Global by 37.5% during the 2nd quarter. Swedbank AB now owns 275,000 shares of the business services provider's stock worth $25,567,000 after buying an additional 75,000 shares during the period. SG Americas Securities LLC lifted its stake in shares of NV5 Global by 439.1% in the 2nd quarter. SG Americas Securities LLC now owns 12,539 shares of the business services provider's stock valued at $1,166,000 after purchasing an additional 10,213 shares during the period. Tributary Capital Management LLC lifted its stake in shares of NV5 Global by 10.8% in the 2nd quarter. Tributary Capital Management LLC now owns 191,566 shares of the business services provider's stock valued at $17,810,000 after purchasing an additional 18,625 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in shares of NV5 Global in the 1st quarter valued at about $1,200,000. 75.54% of the stock is owned by institutional investors and hedge funds.
In other news, Director Tardan Francois sold 1,661 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $96.32, for a total value of $159,987.52. Following the completion of the sale, the director now directly owns 5,150 shares of the company's stock, valued at $496,048. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 12.40% of the company's stock.
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.
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