NV5 Global, Inc. (NASDAQ:NVEE) released its quarterly earnings results on Thursday. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.01, Bloomberg Earnings reports. NV5 Global had a return on equity of 11.52% and a net margin of 4.86%. The business had revenue of $83.74 million during the quarter, compared to analysts’ expectations of $87.73 million.
Shares of NV5 Global (NVEE) traded up 2.73% during mid-day trading on Friday, reaching $43.25. The company had a trading volume of 49,384 shares. The company has a market cap of $436.05 million, a price-to-earnings ratio of 37.16 and a beta of 1.45. NV5 Global has a 52-week low of $24.57 and a 52-week high of $44.65. The firm’s 50-day moving average price is $41.71 and its 200 day moving average price is $38.92.
A number of research analysts recently issued reports on NVEE shares. Zacks Investment Research raised NV5 Global from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. Sidoti started coverage on NV5 Global in a report on Wednesday, July 5th. They issued a “neutral” rating and a $45.00 price target for the company. Finally, BidaskClub cut NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $42.75.
Hedge funds have recently made changes to their positions in the company. Emerald Advisers Inc. PA purchased a new position in NV5 Global during the first quarter valued at approximately $5,759,000. Russell Investments Group Ltd. increased its position in NV5 Global by 51.2% in the second quarter. Russell Investments Group Ltd. now owns 416,145 shares of the business services provider’s stock valued at $17,686,000 after buying an additional 140,830 shares in the last quarter. Grandeur Peak Global Advisors LLC increased its position in NV5 Global by 368.2% in the first quarter. Grandeur Peak Global Advisors LLC now owns 106,050 shares of the business services provider’s stock valued at $3,987,000 after buying an additional 83,400 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in NV5 Global during the first quarter valued at approximately $3,100,000. Finally, Pembroke Management LTD increased its position in NV5 Global by 29.8% in the first quarter. Pembroke Management LTD now owns 320,704 shares of the business services provider’s stock valued at $12,058,000 after buying an additional 73,600 shares in the last quarter. Institutional investors and hedge funds own 56.53% of the company’s stock.
About NV5 Global
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.
Receive News & Ratings for NV5 Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NV5 Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
