Brokerages expect Limbach Holdings (NASDAQ:LMB) to announce sales of $130.00 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Limbach’s earnings, with the lowest sales estimate coming in at $128.00 million and the highest estimate coming in at $132.00 million. Limbach reported sales of $117.84 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The company is expected to issue its next quarterly earnings results on Monday, August 13th.
According to Zacks, analysts expect that Limbach will report full-year sales of $526.68 million for the current financial year, with estimates ranging from $521.05 million to $532.30 million. For the next financial year, analysts anticipate that the company will post sales of $558.50 million per share, with estimates ranging from $557.00 million to $560.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that that provide coverage for Limbach.
Limbach (NASDAQ:LMB) last issued its quarterly earnings data on Tuesday, May 15th. The construction company reported ($0.60) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.65). Limbach had a positive return on equity of 3.00% and a negative net margin of 0.15%. The business had revenue of $120.55 million during the quarter, compared to the consensus estimate of $119.75 million.
A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Limbach from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a research note on Friday, April 6th. DA Davidson decreased their target price on shares of Limbach from $16.50 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, May 17th. Finally, Roth Capital set a $17.00 target price on shares of Limbach and gave the stock a “buy” rating in a research note on Sunday, May 20th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. purchased a new stake in Limbach during the 4th quarter valued at approximately $112,000. Steward Partners Investment Advisory LLC grew its holdings in Limbach by 108.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,846 shares of the construction company’s stock valued at $122,000 after buying an additional 4,604 shares in the last quarter. Acuitas Investments LLC purchased a new stake in Limbach during the 1st quarter valued at approximately $620,000. Arbor Wealth Management LLC grew its holdings in Limbach by 393.3% during the 4th quarter. Arbor Wealth Management LLC now owns 80,308 shares of the construction company’s stock valued at $1,110,000 after buying an additional 64,027 shares in the last quarter. Finally, Argent Capital Management LLC purchased a new stake in Limbach during the 1st quarter valued at approximately $1,359,000. Institutional investors own 29.08% of the company’s stock.
Limbach traded up $0.06, reaching $11.85, on Wednesday, according to Marketbeat Ratings. 11,100 shares of the stock were exchanged, compared to its average volume of 29,306. Limbach has a one year low of $11.20 and a one year high of $15.22. The stock has a market cap of $92.32 million, a price-to-earnings ratio of 53.91, a PEG ratio of 1.00 and a beta of 0.65. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.80.
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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