FY2024 EPS Estimates for NV5 Global Cut by William Blair

NV5 Global, Inc. (NASDAQ:NVEE) – Research analysts at William Blair dropped their FY2024 earnings per share estimates for shares of NV5 Global in a research report issued on Friday, November 8th. William Blair analyst T. Mulrooney now anticipates that the business services provider will post earnings per share of $1.20 for the year, down from their prior estimate of $1.26. The consensus estimate for NV5 Global’s current full-year earnings is $1.19 per share. William Blair also issued estimates for NV5 Global’s Q2 2025 earnings at $0.29 EPS, FY2025 earnings at $1.30 EPS and FY2026 earnings at $1.41 EPS.

Other analysts also recently issued research reports about the stock. Robert W. Baird cut their price objective on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Friday. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a research report on Saturday, October 19th. Finally, Roth Mkm restated a “buy” rating and issued a $32.50 target price (up from $32.00) on shares of NV5 Global in a report on Thursday, August 8th.

NV5 Global Price Performance

Shares of NASDAQ NVEE opened at $23.75 on Monday. The firm has a 50-day simple moving average of $23.07 and a 200-day simple moving average of $23.49. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 41.51, a price-to-earnings-growth ratio of 1.29 and a beta of 1.17. NV5 Global has a 52 week low of $21.54 and a 52 week high of $28.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in NV5 Global by 0.8% in the first quarter. Vanguard Group Inc. now owns 958,509 shares of the business services provider’s stock worth $93,943,000 after acquiring an additional 8,032 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of NV5 Global by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider’s stock valued at $54,195,000 after buying an additional 39,350 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of NV5 Global by 16.6% during the second quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock worth $42,461,000 after buying an additional 65,186 shares during the period. Geneva Capital Management LLC grew its holdings in shares of NV5 Global by 1.3% during the third quarter. Geneva Capital Management LLC now owns 432,721 shares of the business services provider’s stock worth $40,451,000 after buying an additional 5,757 shares during the last quarter. Finally, Swedbank AB increased its position in NV5 Global by 27.3% in the 3rd quarter. Swedbank AB now owns 350,000 shares of the business services provider’s stock valued at $32,718,000 after acquiring an additional 75,000 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, Director Tardan Francois sold 6,644 shares of NV5 Global stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $24.08, for a total value of $159,987.52. Following the completion of the sale, the director now owns 20,600 shares in the company, valued at approximately $496,048. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.