Equities research analysts predict that Limbach Holdings Inc (NASDAQ:LMB) will post sales of $142.38 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Limbach’s earnings, with the highest sales estimate coming in at $143.50 million and the lowest estimate coming in at $141.25 million. Limbach posted sales of $121.30 million during the same quarter last year, which would indicate a positive year over year growth rate of 17.4%. The firm is expected to report its next quarterly earnings report on Tuesday, November 13th.
On average, analysts expect that Limbach will report full year sales of $542.71 million for the current fiscal year, with estimates ranging from $539.83 million to $545.58 million. For the next year, analysts forecast that the firm will post sales of $576.00 million per share, with estimates ranging from $557.00 million to $595.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Limbach.
Limbach (NASDAQ:LMB) last posted its quarterly earnings results on Tuesday, August 14th. The construction company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.22). Limbach had a positive return on equity of 2.71% and a negative net margin of 0.09%. The company had revenue of $139.53 million for the quarter, compared to the consensus estimate of $130.00 million.
Separately, Zacks Investment Research upgraded Limbach from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th.
NASDAQ LMB opened at $11.63 on Friday. Limbach has a fifty-two week low of $9.25 and a fifty-two week high of $15.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $77.05 million, a price-to-earnings ratio of 52.86, a price-to-earnings-growth ratio of 1.55 and a beta of 0.10.
In other news, insider Charles A. Bacon III sold 4,273 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $11.17, for a total value of $47,729.41. Following the transaction, the insider now directly owns 255,532 shares in the company, valued at $2,854,292.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 6,871 shares of company stock worth $76,749 over the last quarter. 47.90% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its holdings in shares of Limbach by 169.6% during the 2nd quarter. Renaissance Technologies LLC now owns 36,400 shares of the construction company’s stock valued at $430,000 after purchasing an additional 22,900 shares during the last quarter. Acuitas Investments LLC lifted its stake in Limbach by 227.0% in the 2nd quarter. Acuitas Investments LLC now owns 163,699 shares of the construction company’s stock worth $1,935,000 after purchasing an additional 113,639 shares in the last quarter. Arbor Wealth Management LLC raised its position in shares of Limbach by 165.9% during the 1st quarter. Arbor Wealth Management LLC now owns 213,553 shares of the construction company’s stock valued at $2,695,000 after buying an additional 133,245 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Limbach by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 458,904 shares of the construction company’s stock valued at $5,681,000 after purchasing an additional 11,065 shares during the last quarter. 33.85% of the stock is currently owned by institutional investors.
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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