LMI Aerospace (LMIA) Announces Quarterly Earnings Results, Misses Estimates By $0.13 EPS
LMI Aerospace (NASDAQ:LMIA) posted its quarterly earnings results on Wednesday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.13, Analyst Ratings Net reports. The company had revenue of $95.80 million for the quarter, compared to the consensus estimate of $100.93 million.
On the ratings front, analysts at TheStreet downgraded shares of LMI Aerospace from a “hold” rating to a “sell” rating in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. LMI Aerospace has a consensus rating of “Hold” and an average price target of $19.03.
Shares of LMI Aerospace (NASDAQ:LMIA) opened at 13.86 on Wednesday. LMI Aerospace has a 52-week low of $10.81 and a 52-week high of $22.34. The stock’s 50-day moving average is $13.86 and its 200-day moving average is $13.92. The company’s market cap is $175.1 million.
LMI Aerospace, Inc (NASDAQ:LMIA) is a provider of design engineering services, structural assemblies, kits and components to the aerospace, defense and technology markets.
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