LMI Aerospace (LMIA) Releases Quarterly Earnings, Beats Estimates By $0.08 EPS
LMI Aerospace (NASDAQ:LMIA) released its earnings data on Thursday. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.08, Analyst Ratings Net reports. The company had revenue of $105.90 million for the quarter, compared to the consensus estimate of $99.60 million. During the same quarter last year, the company posted $0.37 earnings per share. LMI Aerospace’s revenue was up .4% compared to the same quarter last year.
On the ratings front, analysts at Zacks upgraded shares of LMI Aerospace from an “underperform” rating to a “neutral” rating in a research note on Friday, June 6th. They now have a $14.10 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $19.03.
LMI Aerospace (NASDAQ:LMIA) traded down 0.92% on Thursday, hitting $13.99. The stock had a trading volume of 28,208 shares. LMI Aerospace has a 52 week low of $10.81 and a 52 week high of $18.54. The stock’s 50-day moving average is $13.33 and its 200-day moving average is $13.85. The company’s market cap is $177.8 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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