FY2024 EPS Estimates for NV5 Global Reduced by William Blair

NV5 Global, Inc. (NASDAQ:NVEE) – Analysts at William Blair cut their FY2024 earnings per share (EPS) estimates for NV5 Global in a research note issued on Friday, November 8th. William Blair analyst T. Mulrooney now forecasts that the business services provider will post earnings of $1.20 per share for the year, down from their prior forecast of $1.26. The consensus estimate for NV5 Global’s current full-year earnings is $1.19 per share. William Blair also issued estimates for NV5 Global’s Q2 2025 earnings at $0.29 EPS, FY2025 earnings at $1.30 EPS and FY2026 earnings at $1.41 EPS.

A number of other equities research analysts have also recently commented on NVEE. Roth Mkm reaffirmed a “buy” rating and set a $32.50 price objective (up from $32.00) on shares of NV5 Global in a research note on Thursday, August 8th. StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a report on Saturday, October 19th. Finally, Robert W. Baird reduced their target price on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 8th.

NV5 Global Stock Down 1.3 %

Shares of NV5 Global stock opened at $23.44 on Monday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.31. NV5 Global has a 12 month low of $21.54 and a 12 month high of $28.75. The business has a fifty day simple moving average of $23.06 and a 200 day simple moving average of $23.50. The stock has a market cap of $1.53 billion, a PE ratio of 42.22, a price-to-earnings-growth ratio of 1.29 and a beta of 1.17.

Insider Activity

In other news, Director Tardan Francois sold 6,644 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $24.08, for a total value of $159,987.52. Following the sale, the director now directly owns 20,600 shares in the company, valued at $496,048. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 12.40% of the company’s stock.

Institutional Trading of NV5 Global

A number of institutional investors have recently modified their holdings of NVEE. Swedbank AB boosted its position in NV5 Global by 37.5% during the second quarter. Swedbank AB now owns 275,000 shares of the business services provider’s stock valued at $25,567,000 after purchasing an additional 75,000 shares during the last quarter. SG Americas Securities LLC boosted its position in NV5 Global by 439.1% during the second 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 last quarter. Vanguard Group Inc. boosted its position in NV5 Global by 0.8% during the first quarter. Vanguard Group Inc. now owns 958,509 shares of the business services provider’s stock valued at $93,943,000 after purchasing an additional 8,032 shares during the last quarter. Tributary Capital Management LLC grew its stake in shares of NV5 Global by 10.8% in the second quarter. Tributary Capital Management LLC now owns 191,566 shares of the business services provider’s stock valued at $17,810,000 after buying an additional 18,625 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in NV5 Global during the first quarter worth $1,200,000. 75.54% of the stock is currently 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.