Bowman Consulting Group (NASDAQ:BWMN) Releases Earnings Results, Misses Expectations By $0.01 EPS

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) issued its earnings results on Wednesday. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01), Zacks reports. Bowman Consulting Group had a net margin of 2.20% and a return on equity of 5.62%. Bowman Consulting Group updated its FY 2025 guidance to EPS.

Bowman Consulting Group Stock Performance

Bowman Consulting Group stock traded up $1.91 during trading hours on Wednesday, hitting $44.43. 188,468 shares of the stock traded hands, compared to its average volume of 83,078. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 1.26. The firm's 50 day moving average price is $42.48 and its 200-day moving average price is $34.13. The stock has a market capitalization of $766.42 million, a price-to-earnings ratio of 74.05 and a beta of 1.31. Bowman Consulting Group has a 1 year low of $17.90 and a 1 year high of $45.83.

Analyst Ratings Changes

A number of brokerages have weighed in on BWMN. Wall Street Zen raised Bowman Consulting Group from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Bowman Consulting Group in a report on Wednesday, October 8th. Zacks Research downgraded Bowman Consulting Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 7th. Finally, B. Riley lifted their price target on Bowman Consulting Group from $43.00 to $55.00 and gave the company a "buy" rating in a report on Friday, August 29th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $38.17.

Read Our Latest Analysis on Bowman Consulting Group

Insider Transactions at Bowman Consulting Group

In other Bowman Consulting Group news, Director Stephen A. Riddick sold 3,000 shares of the business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $41.04, for a total transaction of $123,120.00. Following the sale, the director owned 18,461 shares in the company, valued at approximately $757,639.44. The trade was a 13.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bruce J. Labovitz sold 10,000 shares of the business's stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $42.37, for a total value of $423,700.00. Following the sale, the chief financial officer owned 385,560 shares in the company, valued at approximately $16,336,177.20. The trade was a 2.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 64,350 shares of company stock worth $2,728,816 in the last 90 days. 17.42% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bowman Consulting Group

Large investors have recently bought and sold shares of the business. Marshall Wace LLP raised its holdings in Bowman Consulting Group by 4.7% in the 2nd quarter. Marshall Wace LLP now owns 152,646 shares of the company's stock worth $4,389,000 after purchasing an additional 6,814 shares during the period. Rhumbline Advisers raised its holdings in Bowman Consulting Group by 8.2% in the 2nd quarter. Rhumbline Advisers now owns 20,369 shares of the company's stock worth $586,000 after purchasing an additional 1,540 shares during the period. Goldman Sachs Group Inc. raised its holdings in Bowman Consulting Group by 4.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 50,176 shares of the company's stock worth $1,095,000 after purchasing an additional 2,203 shares during the period. Royal Bank of Canada raised its holdings in Bowman Consulting Group by 51.0% in the 1st quarter. Royal Bank of Canada now owns 48,613 shares of the company's stock worth $1,061,000 after purchasing an additional 16,421 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Bowman Consulting Group by 700.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 8,312 shares of the company's stock worth $239,000 after purchasing an additional 7,274 shares during the period. Institutional investors and hedge funds own 63.20% of the company's stock.

Bowman Consulting Group Company Profile

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.

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