NV5 Global (NVEE) Issues FY19 Earnings Guidance

NV5 Global (NVEE) Issues FY19 Earnings Guidance

NV5 Global (NASDAQ:NVEE) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.81-$4.08 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.62. The company issued revenue guidance of $520-$542 million, compared to the consensus revenue estimate of $498.93 million.NV5 Global also updated its FY 2019 guidance to $3.81-4.08 EPS.

Shares of NASDAQ:NVEE traded up $2.35 during midday trading on Wednesday, reaching $66.06. 168,330 shares of the company traded hands, compared to its average volume of 114,117. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.54 and a current ratio of 2.54. NV5 Global has a 12 month low of $51.46 and a 12 month high of $96.70. The firm has a market cap of $801.20 million, a price-to-earnings ratio of 20.39, a PEG ratio of 0.89 and a beta of 1.68.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings data on Thursday, March 7th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.07). NV5 Global had a net margin of 6.42% and a return on equity of 14.88%. The company had revenue of $115.34 million for the quarter, compared to the consensus estimate of $116.00 million. Equities analysts predict that NV5 Global will post 3.63 EPS for the current fiscal year.

A number of analysts recently issued reports on NVEE shares. BidaskClub upgraded NV5 Global from a hold rating to a buy rating in a research note on Wednesday, February 13th. Zacks Investment Research upgraded NV5 Global from a sell rating to a hold rating in a research note on Wednesday, April 3rd. Roth Capital decreased their price objective on NV5 Global from $97.00 to $90.00 and set a buy rating on the stock in a research note on Friday, March 8th. Maxim Group reiterated a buy rating and set a $85.00 price objective (down from $93.00) on shares of NV5 Global in a research note on Monday, April 15th. Finally, ValuEngine lowered NV5 Global from a buy rating to a hold rating in a research note on Saturday, March 9th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $88.00.

In other NV5 Global news, VP Donald C. Alford sold 9,750 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $60.66, for a total value of $591,435.00. Following the transaction, the vice president now directly owns 42,886 shares in the company, valued at approximately $2,601,464.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Alexander A. Hockman sold 40,000 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $59.86, for a total value of $2,394,400.00. Following the completion of the transaction, the chief operating officer now owns 214,916 shares in the company, valued at $12,864,871.76. The disclosure for this sale can be found here. Insiders sold a total of 50,250 shares of company stock worth $3,017,090 over the last 90 days. Corporate insiders own 19.62% of the company’s stock.

NV5 Global Company Profile

NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.

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