NV5 Global (NASDAQ:NVEE) Issues Quarterly Earnings Results, Misses Estimates By $0.03 EPS

NV5 Global (NASDAQ:NVEE - Get Free Report) posted its quarterly earnings results on Thursday. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03), Zacks reports. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The firm had revenue of $123.20 million for the quarter, compared to analysts' expectations of $229.89 million. NV5 Global updated its FY 2025 guidance to 1.270-1.370 EPS.

NV5 Global Price Performance

NVEE traded up $0.23 during trading on Friday, reaching $18.66. 483,650 shares of the stock were exchanged, compared to its average volume of 425,390. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 37.89, a P/E/G ratio of 2.63 and a beta of 1.07. NV5 Global has a 1 year low of $14.75 and a 1 year high of $26.14. The business's 50 day moving average price is $17.63 and its two-hundred day moving average price is $19.34.

Analysts Set New Price Targets

Several analysts have recently commented on NVEE shares. Maxim Group reduced their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a report on Friday, February 21st. Roth Mkm raised their target price on NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, StockNews.com cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th.

NV5 Global declared that its Board of Directors has initiated a stock repurchase program on Monday, January 6th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

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.

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