William Blair Has Strong Estimate for NV5 Global Q4 Earnings

NV5 Global, Inc. (NASDAQ:NVEE) – Analysts at William Blair increased their Q4 2024 EPS estimates for shares of NV5 Global in a report issued on Wednesday, October 16th. William Blair analyst T. Mulrooney now anticipates that the business services provider will post earnings of $0.39 per share for the quarter, up from their previous estimate of $0.39. The consensus estimate for NV5 Global’s current full-year earnings is $1.28 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) last released its earnings results on Wednesday, August 7th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.03. NV5 Global had a return on equity of 9.08% and a net margin of 3.49%. The business had revenue of $236.33 million for the quarter, compared to the consensus estimate of $235.58 million. During the same quarter in the previous year, the business earned $1.29 earnings per share. NV5 Global’s quarterly revenue was up 6.1% on a year-over-year basis.

NVEE has been the subject of a number of other research reports. Roth Mkm reissued a “buy” rating and issued a $130.00 price objective (up previously from $128.00) on shares of NV5 Global in a research report on Thursday, August 8th. StockNews.com downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Saturday.

NV5 Global Trading Down 0.2 %

NASDAQ NVEE opened at $23.52 on Friday. The company has a market cap of $1.53 billion, a PE ratio of 46.35, a PEG ratio of 1.29 and a beta of 1.17. NV5 Global has a 12 month low of $21.76 and a 12 month high of $28.75. The stock has a 50 day moving average of $84.54 and a 200-day moving average of $91.07. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.31.

Insider Transactions at NV5 Global

In other news, Director Tardan Francois sold 1,661 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $96.32, for a total transaction of $159,987.52. Following the transaction, the director now owns 5,150 shares in the company, valued at approximately $496,048. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NVEE. Inspire Investing LLC increased its position in shares of NV5 Global by 3.2% in the second quarter. Inspire Investing LLC now owns 3,756 shares of the business services provider’s stock worth $349,000 after purchasing an additional 115 shares during the period. QV Investors Inc. raised its position in shares of NV5 Global by 2.6% in the 2nd quarter. QV Investors Inc. now owns 4,660 shares of the business services provider’s stock valued at $433,000 after buying an additional 120 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in shares of NV5 Global by 1.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 7,428 shares of the business services provider’s stock valued at $728,000 after buying an additional 137 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of NV5 Global by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 11,130 shares of the business services provider’s stock worth $1,091,000 after acquiring an additional 145 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of NV5 Global by 5.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 3,459 shares of the business services provider’s stock worth $322,000 after acquiring an additional 167 shares in the last quarter. 75.54% of the stock is owned by institutional investors.

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.