Bowman Consulting Group (NASDAQ:BWMN) Posts Earnings Results, Misses Estimates By $0.65 EPS

Bowman Consulting Group (NASDAQ:BWMN) posted its earnings results on Friday. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.65), FiscalAI reports. Bowman Consulting Group had a net margin of 1.30% and a return on equity of 2.67%. The business had revenue of $148.70 million for the quarter, compared to analyst estimates of $137.54 million.

Bowman Consulting Group Stock Performance

Bowman Consulting Group stock opened at $43.00 on Friday. Bowman Consulting Group has a 12-month low of $25.07 and a 12-month high of $43.22. The company has a market capitalization of $713.37 million, a price-to-earnings ratio of 107.50 and a beta of 1.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.90. The firm’s fifty day moving average price is $42.69 and its 200 day moving average price is $34.55.

Analyst Upgrades and Downgrades

Several research analysts have commented on BWMN shares. Robert W. Baird set a $43.00 price objective on Bowman Consulting Group in a research report on Monday, August 10th. Craig Hallum downgraded Bowman Consulting Group from a “buy” rating to a “hold” rating and set a $43.00 target price for the company. in a research report on Tuesday, August 11th. Wall Street Zen upgraded Bowman Consulting Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Roth Capital downgraded Bowman Consulting Group from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a report on Wednesday, August 12th. Finally, Weiss Ratings raised Bowman Consulting Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Bowman Consulting Group has a consensus rating of “Reduce” and a consensus price target of $43.00.

Insider Transactions at Bowman Consulting Group

In other Bowman Consulting Group news, Director Patricia Mulroy sold 883 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $42.37, for a total value of $37,412.71. Following the completion of the transaction, the director directly owned 26,330 shares of the company’s stock, valued at $1,115,602.10. This represents a 3.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary Bowman sold 37,500 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $42.55, for a total value of $1,595,625.00. Following the sale, the chief executive officer owned 780,948 shares of the company’s stock, valued at $33,229,337.40. This represents a 4.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 60,883 shares of company stock valued at $2,590,413. 17.50% of the stock is currently owned by corporate insiders.

About Bowman Consulting Group

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is an engineering services firm that provides infrastructure, planning, surveying, and consulting solutions to public- and private-sector clients. The company supports projects throughout their development and construction life cycles, serving markets such as transportation, power and utilities, commercial and residential real estate, and public infrastructure.

Its services include civil engineering, land surveying, geomatics, environmental consulting, landscape architecture, construction management, right-of-way services, and utility engineering.