NV5 Global, Inc. (NASDAQ:NVEE) – Seaport Global Securities reduced their FY2016 EPS estimates for NV5 Global in a research note issued on Thursday. Seaport Global Securities analyst R. Cassil now forecasts that the brokerage will post earnings per share of $1.54 for the year, down from their prior estimate of $1.59. Seaport Global Securities also issued estimates for NV5 Global’s Q4 2016 earnings at $0.43 EPS and FY2018 earnings at $2.26 EPS.
Separately, Zacks Investment Research upgraded NV5 Global from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Thursday, January 5th.
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Large investors have recently modified their holdings of the stock. Pacific Ridge Capital Partners LLC increased its stake in shares of NV5 Global by 16.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 133,000 shares of the company’s stock valued at $3,783,000 after buying an additional 19,230 shares in the last quarter. Connors Investor Services Inc. increased its stake in shares of NV5 Global by 245.4% in the second quarter. Connors Investor Services Inc. now owns 52,008 shares of the company’s stock valued at $1,479,000 after buying an additional 36,952 shares in the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in shares of NV5 Global during the second quarter valued at about $167,000. Schwab Charles Investment Management Inc. increased its stake in shares of NV5 Global by 54.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 13,100 shares of the company’s stock valued at $373,000 after buying an additional 4,600 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of NV5 Global by 156.0% in the second quarter. Royal Bank of Canada now owns 73,460 shares of the company’s stock valued at $2,089,000 after buying an additional 44,770 shares in the last quarter. 55.61% of the stock is currently owned by institutional investors.
“FY2016 EPS Estimates for NV5 Global, Inc. Lowered by Analyst (NVEE)” was originally posted by Zolmax and is owned by of Zolmax. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this report can be accessed at https://zolmax.com/uncategorized/fy2016-eps-estimates-for-nv5-global-inc-lowered-by-analyst-nvee/1220623.html.
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.
