Bowman Consulting Group (NASDAQ:BWMN) Posts Earnings Results, Misses Estimates By $0.06 EPS

Bowman Consulting Group (NASDAQ:BWMN) posted its quarterly earnings results on Tuesday. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06), Zacks reports. Bowman Consulting Group had a positive return on equity of 3.76% and a negative net margin of 2.62%. The company had revenue of $113.22 million during the quarter, compared to analysts’ expectations of $110.00 million.

Bowman Consulting Group Price Performance

Shares of NASDAQ:BWMN opened at $22.01 on Thursday. The stock has a market capitalization of $385.84 million, a P/E ratio of -27.86 and a beta of 1.32. The business has a 50-day moving average of $23.29 and a two-hundred day moving average of $23.89. Bowman Consulting Group has a fifty-two week low of $17.90 and a fifty-two week high of $42.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43.

Insider Activity at Bowman Consulting Group

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $22.46, for a total transaction of $56,150.00. Following the transaction, the insider now owns 188,177 shares in the company, valued at $4,226,455.42. This trade represents a 1.31 % 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. 20.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BWMN shares. Robert W. Baird cut their target price on shares of Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating for the company in a research report on Thursday. Bank of America cut their price objective on Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating for the company in a report on Wednesday. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $38.70.

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.