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

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

Bowman Consulting Group Trading Up 17.1 %

Shares of NASDAQ BWMN opened at $22.01 on Thursday. The business has a fifty day simple moving average of $23.29 and a 200-day simple moving average of $23.89. The company has a market cap of $385.84 million, a price-to-earnings ratio of -27.86 and a beta of 1.32. Bowman Consulting Group has a 12 month low of $17.90 and a 12 month high of $42.90. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16.

Insiders Place Their Bets

In other news, insider Robert Alan Hickey sold 2,500 shares of Bowman Consulting Group stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total value of $56,150.00. Following the transaction, the insider now directly owns 188,177 shares of the company’s stock, valued at $4,226,455.42. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 20.40% of the company’s stock.

Analyst Upgrades and Downgrades

BWMN has been the topic of a number of research reports. Bank of America dropped their price objective on Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating on the stock in a research note on Wednesday. Robert W. Baird reduced their price objective 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. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $38.70.

About Bowman Consulting Group

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.