Roth Capital Analysts Lower Earnings Estimates for NV5 Global, Inc. (NASDAQ:NVEE)

NV5 Global, Inc. (NASDAQ:NVEE - Free Report) - Research analysts at Roth Capital dropped their Q2 2024 earnings estimates for shares of NV5 Global in a research note issued to investors on Thursday, May 9th. Roth Capital analyst J. Martin now forecasts that the business services provider will earn $1.10 per share for the quarter, down from their previous estimate of $1.32. The consensus estimate for NV5 Global's current full-year earnings is $5.02 per share. Roth Capital also issued estimates for NV5 Global's Q1 2025 earnings at $0.83 EPS, Q2 2025 earnings at $1.25 EPS, Q3 2025 earnings at $1.91 EPS, Q4 2025 earnings at $1.46 EPS and FY2025 earnings at $5.47 EPS.

Other research analysts have also recently issued research reports about the stock. StockNews.com cut shares of NV5 Global from a "buy" rating to a "hold" rating in a report on Tuesday, February 27th. TheStreet cut NV5 Global from a "b-" rating to a "c+" rating in a report on Wednesday, February 28th. Finally, Roth Mkm reissued a "buy" rating and issued a $128.00 price objective (up from $121.00) on shares of NV5 Global in a report on Thursday.

NV5 Global Stock Performance

Shares of NVEE stock traded up $0.13 on Friday, hitting $96.26. The company had a trading volume of 52,035 shares, compared to its average volume of 73,666. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.55 billion, a P/E ratio of 33.26, a price-to-earnings-growth ratio of 1.19 and a beta of 1.09. The company has a 50-day moving average price of $95.88 and a 200-day moving average price of $100.90. NV5 Global has a twelve month low of $88.56 and a twelve month high of $119.56.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its earnings results on Wednesday, May 8th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by ($0.19). The business had revenue of $213.40 million for the quarter, compared to analyst estimates of $208.42 million. NV5 Global had a net margin of 5.18% and a return on equity of 9.94%. The company's revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NVEE. Vanguard Group Inc. increased 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 worth $93,943,000 after purchasing an additional 8,032 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of NV5 Global by 4.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 4,105 shares of the business services provider's stock worth $427,000 after buying an additional 180 shares during the last quarter. ProShare Advisors LLC raised its position in shares of NV5 Global by 7.5% during the 1st quarter. ProShare Advisors LLC now owns 2,778 shares of the business services provider's stock valued at $272,000 after buying an additional 193 shares during the period. Inspire Investing LLC lifted its holdings in NV5 Global by 5.7% in the first quarter. Inspire Investing LLC now owns 3,641 shares of the business services provider's stock valued at $357,000 after acquiring an additional 197 shares during the last quarter. Finally, Sei Investments Co. grew its position in NV5 Global by 9.7% in the first quarter. Sei Investments Co. now owns 46,357 shares of the business services provider's stock worth $4,544,000 after acquiring an additional 4,101 shares during the period. Hedge funds and other institutional investors own 75.54% of the company's stock.

Insider Buying and Selling

In related news, VP Donald C. Alford sold 1,000 shares of NV5 Global stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $100.12, for a total value of $100,120.00. Following the sale, the vice president now directly owns 2,541 shares in the company, valued at approximately $254,404.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Donald C. Alford sold 2,459 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $99.53, for a total value of $244,744.27. Following the completion of the sale, the vice president now owns 3,542 shares of the company's stock, valued at $352,535.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Donald C. Alford sold 1,000 shares of the business's stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $100.12, for a total value of $100,120.00. Following the transaction, the vice president now directly owns 2,541 shares in the company, valued at approximately $254,404.92. The disclosure for this sale can be found here. Insiders own 12.40% of the company's stock.

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.