NV5 Global (NASDAQ:NVEE) Issues Earnings Results

NV5 Global (NASDAQ:NVEE) posted its quarterly earnings data on Thursday. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02), Zacks reports. NV5 Global had a net margin of 3.86% and a return on equity of 9.45%. NV5 Global updated its FY 2025 guidance to 1.270-1.370 EPS.

NV5 Global Trading Up 2.3 %

NVEE traded up $0.40 during mid-day trading on Thursday, hitting $17.43. 782,728 shares of the stock were exchanged, compared to its average volume of 414,251. The firm’s fifty day moving average is $18.57 and its two-hundred day moving average is $21.41. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global has a 1-year low of $16.77 and a 1-year high of $27.77. The company has a market cap of $1.13 billion, a PE ratio of 30.99, a PEG ratio of 2.58 and a beta of 1.23.

NV5 Global declared that its board has approved a share repurchase program on Monday, January 6th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the business services provider to purchase up to 1.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction on Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the completion of the sale, the vice president now directly owns 45,584 shares of the company’s stock, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 12.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NVEE has been the topic of several research reports. Robert W. Baird decreased their price target on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday.

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.