NV5 Global (NVEE) Expected to Announce Earnings on Thursday

NV5 Global (NASDAQ:NVEE) is anticipated to announce its earnings results after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $243.46 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

NV5 Global Price Performance

Shares of NVEE opened at $17.41 on Thursday. The firm has a market capitalization of $1.13 billion, a PE ratio of 30.95, a PEG ratio of 2.73 and a beta of 1.23. The company’s 50-day moving average is $19.00 and its 200-day moving average is $21.72. NV5 Global has a fifty-two week low of $17.24 and a fifty-two week high of $28.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05.

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

Wall Street Analysts Forecast Growth

NVEE has been the topic of several research reports. StockNews.com upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th. 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.

Insiders Place Their Bets

In other news, VP Richard Tong sold 20,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the completion of the transaction, the vice president now owns 45,584 shares of the company’s stock, valued at approximately $915,326.72. This represents a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.