Analysts expect that Limbach Holdings Inc (NASDAQ:LMB) will announce sales of $142.38 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Limbach’s earnings, with the lowest sales estimate coming in at $141.25 million and the highest estimate coming in at $143.50 million. Limbach reported sales of $121.30 million during the same quarter last year, which indicates a positive year-over-year growth rate of 17.4%. The business is expected to report its next quarterly earnings report on Tuesday, November 13th.
On average, analysts expect that Limbach will report full year sales of $542.71 million for the current financial year, with estimates ranging from $539.83 million to $545.58 million. For the next year, analysts expect that the business will report sales of $576.00 million per share, with estimates ranging from $557.00 million to $595.00 million. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Limbach.
Limbach (NASDAQ:LMB) last released its earnings results on Tuesday, August 14th. The construction company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.22). The firm had revenue of $139.53 million during the quarter, compared to analysts’ expectations of $130.00 million. Limbach had a positive return on equity of 2.71% and a negative net margin of 0.09%.
Several research analysts have recently weighed in on LMB shares. DA Davidson dropped their target price on shares of Limbach from $16.50 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, May 17th. Zacks Investment Research downgraded shares of Limbach from a “buy” rating to a “hold” rating in a research report on Friday, May 18th. Finally, Roth Capital set a $17.00 target price on shares of Limbach and gave the stock a “buy” rating in a research report on Sunday, May 20th.
Shares of Limbach stock traded down $0.09 during trading on Tuesday, hitting $9.71. The stock had a trading volume of 1,231 shares, compared to its average volume of 21,233. The company has a market cap of $74.09 million, a P/E ratio of 44.14, a price-to-earnings-growth ratio of 1.37 and a beta of 0.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.12 and a quick ratio of 1.12. Limbach has a 1 year low of $9.25 and a 1 year high of $15.22.
In related news, insider Charles A. Bacon III sold 4,273 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $11.17, for a total transaction of $47,729.41. Following the completion of the sale, the insider now directly owns 255,532 shares in the company, valued at $2,854,292.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 6,871 shares of company stock valued at $76,749. 47.90% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its stake in Limbach by 169.6% in the second quarter. Renaissance Technologies LLC now owns 36,400 shares of the construction company’s stock valued at $430,000 after acquiring an additional 22,900 shares during the last quarter. Acuitas Investments LLC acquired a new stake in Limbach in the first quarter valued at approximately $620,000. Argent Capital Management LLC acquired a new stake in Limbach in the first quarter valued at approximately $1,359,000. Arbor Wealth Management LLC lifted its stake in Limbach by 165.9% in the first quarter. Arbor Wealth Management LLC now owns 213,553 shares of the construction company’s stock valued at $2,695,000 after acquiring an additional 133,245 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Limbach by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 458,904 shares of the construction company’s stock valued at $5,681,000 after acquiring an additional 11,065 shares during the last quarter. Hedge funds and other institutional investors own 34.36% of the company’s stock.
Limbach Company Profile
Limbach Holdings, Inc provides commercial specialty contract services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of heating, ventilation, air-conditioning (HVAC), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.
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