NV5 Global (NASDAQ:NVEE) Issues Earnings Results, Misses Expectations By $0.02 EPS

NV5 Global (NASDAQ:NVEE) issued its earnings results 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 return on equity of 9.45% and a net margin of 3.86%. The business had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. NV5 Global updated its FY 2025 guidance to 1.270-1.370 EPS.

NV5 Global Stock Performance

NVEE stock traded up $0.27 during midday trading on Friday, reaching $17.70. The stock had a trading volume of 371,024 shares, compared to its average volume of 412,535. The firm has a fifty day simple moving average of $18.52 and a two-hundred day simple moving average of $21.38. NV5 Global has a 52-week low of $16.77 and a 52-week high of $27.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market cap of $1.15 billion, a PE ratio of 31.46, a P/E/G ratio of 2.57 and a beta of 1.23.

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

Analyst Ratings Changes

A number of equities analysts have commented on NVEE shares. Robert W. Baird reduced their target price on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, November 8th. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Roth Mkm upped their price target on NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday.

Insider Activity

In related news, VP Richard Tong sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $20.08, for a total value of $401,600.00. Following the sale, the vice president now owns 45,584 shares in the company, valued at $915,326.72. This represents a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 12.40% of the company’s stock.

About NV5 Global

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.