Limbach Holdings, Inc. (LMB) Expected to Post Earnings of $0.39 Per Share

Equities analysts forecast that Limbach Holdings, Inc. (NASDAQ:LMB) will post earnings of $0.39 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Limbach’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.34. Limbach reported earnings per share of ($0.20) during the same quarter last year, which would suggest a positive year-over-year growth rate of 295%. The business is scheduled to announce its next earnings report on Monday, April 16th.

On average, analysts expect that Limbach will report full-year earnings of $0.15 per share for the current year, with EPS estimates ranging from $0.08 to $0.21. For the next year, analysts expect that the company will report earnings of $0.97 per share, with EPS estimates ranging from $0.85 to $1.04. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Limbach.

Limbach (NASDAQ:LMB) last posted its quarterly earnings data on Tuesday, November 14th. The construction company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.33). Limbach had a negative net margin of 0.65% and a negative return on equity of 1.14%.

Several brokerages have commented on LMB. Zacks Investment Research raised shares of Limbach from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Roth Capital set a $18.00 price target on shares of Limbach and gave the stock a “buy” rating in a research report on Monday, November 13th.

Shares of Limbach (NASDAQ:LMB) opened at $13.85 on Monday. The company has a market cap of $103.26, a price-to-earnings ratio of -19.51, a P/E/G ratio of 0.83 and a beta of -1.12. Limbach has a 52-week low of $11.14 and a 52-week high of $15.22. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.31 and a quick ratio of 1.31.

In other Limbach news, Director Larry G. Swets, Jr. sold 500,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $12.85, for a total transaction of $6,425,000.00. Following the sale, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $128,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 82.90% of the company’s stock.

An institutional investor recently bought a new position in Limbach stock. Arbor Wealth Management LLC acquired a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,281 shares of the construction company’s stock, valued at approximately $220,000. Arbor Wealth Management LLC owned about 0.22% of Limbach at the end of the most recent reporting period. Institutional investors and hedge funds own 22.64% of the company’s stock.

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Limbach Company Profile

Limbach Holdings, Inc provides commercial specialty contractor services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of HVAC (heating, ventilation, and air-conditioning), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.

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