Analysts Expect Limbach Holdings, Inc. (LMB) Will Post Earnings of $0.39 Per Share

Equities research 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, with estimates ranging from $0.34 to $0.45. Limbach reported earnings per share of ($0.20) in the same quarter last year, which indicates a positive year-over-year growth rate of 295%. The company is scheduled to issue its next earnings report on Monday, April 16th.

According to Zacks, 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 financial year, analysts expect that the firm 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 an average based on a survey of analysts that cover Limbach.

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

A number of research analysts have recently issued reports on LMB shares. Zacks Investment Research downgraded shares of Limbach from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 18th. Roth Capital set a $18.00 price objective on shares of Limbach and gave the stock a “buy” rating in a research report on Monday, November 13th.

Limbach (LMB) opened at $13.65 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.64. Limbach has a 12-month low of $11.14 and a 12-month high of $15.22. The company has a market cap of $101.75, a PE ratio of -19.23, a price-to-earnings-growth ratio of 0.81 and a beta of -0.35.

In other Limbach news, Director Larry G. Swets, Jr. sold 500,000 shares of the business’s stock in a transaction that occurred on 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 owns 10,000 shares of the company’s stock, valued at approximately $128,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 82.90% of the stock is currently owned by insiders.

A hedge fund recently raised its stake in Limbach stock. Steward Partners Investment Advisory LLC boosted its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 108.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,846 shares of the construction company’s stock after purchasing an additional 4,604 shares during the period. Steward Partners Investment Advisory LLC owned approximately 0.12% of Limbach worth $122,000 at the end of the most recent reporting period. 22.45% of the stock is owned by institutional investors.

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About Limbach

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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